Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.5) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.3) with small operating losses during 2020. Fair overall results on stability tests (4.1) including weak results on operational trends. Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (68.4%), common stock (18.8%), real estate (7.5%), non investment grade bonds (3.6%), cash (0.7%), other (1.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
915 Fort Street Mall Suite 100
HONOLULU, HI 96813
HONOLULU, HI 96813
Phone Number
(808) 208-8208
NAIC Number
10781
Website
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