Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with operating losses during 2022, 2023, 2024 and 2025. Fair overall results on stability tests (3.2) including weak results on operational trends, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.9% of capital. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (74.4%), homeowners (8.9%), work comp (8.0%), comm multi (5.6%), fire (0.2%), other (2.9%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (49.4%), cash (10.6%), common stock (6.4%), other (33.6%)
Corporate Info
Group Affiliation
MS&AD Ins Group Holdings Inc
Investment Rating
--
Company Address
1600 Kapiolani Boulevard
Honolulu, HI 96814
Honolulu, HI 96814
Phone Number
(808) 951-1700
NAIC Number
37265
Website
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