Major Rating Factors:
Weak profitability index (1.1 on a scale of 0 to 10) with operating losses during 2023 and 2024. Average return on equity over the last five years has been poor at -19.1%. Weak overall results on stability tests (1.5) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 17.3% of capital. Good long-term capitalization index (5.9) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (10.7%), other (89.3%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (59.0%), cash (40.7%), common stock (0.3%)
Corporate Info
Group Affiliation
Heritage Ins Holdings Inc
Investment Rating
Company Address
1001 Bishop Street
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 440-5400
NAIC Number
11026
Website
Largest Affiliates