Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak overall results on stability tests (1.7) including excessive premium growth and weak results on operational trends. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years.
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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
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:
Fire (46.1%), comm multi (26.8%), homeowners (11.3%), personal/comm auto (8.5%), work comp (4.0%), product liab. (0.1%), other (3.1%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (98.2%), other (1.8%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
1100 Ward Avenue
Honolulu, HI 96814
Honolulu, HI 96814
Phone Number
(808) 527-7777
NAIC Number
10938
Website
Largest Affiliates