Major Rating Factors:
Weak overall results on stability tests (1.6 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2023. The largest net exposure for one risk is excessive at 8.7% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5) with operating losses during 2023.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (69.4%), cash (8.9%), other (21.6%)
Corporate Info
Group Affiliation
Laulima Exchange
Investment Rating
--
Company Address
7979 Ivanhoe Ave.
La Jolla, CA 92037
La Jolla, CA 92037
Phone Number
(619) 567-5290
NAIC Number
17521
Website
Largest Affiliates