Major Rating Factors:
Weak profitability index (2.2 on a scale of 0 to 10) with operating losses during 2023 and 2024. Fair overall results on stability tests (3.4) including excessive premium growth and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 9.0% of capital. Good long-term capitalization index (5.5) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2024.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (10.7%), comm multi (0.3%), other (89.0%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (50.3%), cash (49.4%), 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