Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including excessive premium growth, weak risk diversification and weak results on operational trends. Fair profitability index (4.4) with operating losses during 2020 and 2021. Average return on equity over the last five years has been poor at -0.0%. Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Fair reserve development (5.0) as reserves have generally been sufficient to cover claims. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
HI
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
700 Bishop Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 585-3526
NAIC Number
16894
Website
Largest Affiliates
No affiliate information available.