Major Rating Factors:
Good Liquidity (5.9 on a scale of 0 to 10) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Fair quality investment portfolio (4.6) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 88% of capital. Exposure to mortgages is large, but the mortgage default rate has been low. Fair overall results on stability tests (4.7).
Other Rating Factors:
Weak profitability (2.6) with operating losses during 2022. Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except CT, FL, NJ, NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Meiji Yasuda Life Ins Co
Investment Rating
--
Company Address
1440 Kapiolani Blvd Ste 1600
Honolulu, HI 96814
Honolulu, HI 96814
Phone Number
(808) 955-2236
NAIC Number
64343
Website
Largest Affiliates