Major Rating Factors:
Poor long-term capitalization index (1.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. Weak overall results on stability tests (2.1) including weak risk adjusted capital in prior years and weak results on operational trends. Fair profitability index (3.1).
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (34.4%), fire (20.7%), work comp (10.8%), fin guar/surety (7.8%), homeowners (3.0%), other (23.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (41.0%), cash (26.4%), common stock (20.3%), other (12.3%)
Corporate Info
Group Affiliation
Luen Thai Group
Investment Rating
--
Company Address
JP Centre
Saipan, MP 96950
Saipan, MP 96950
Phone Number
--
NAIC Number
17355
Largest Affiliates