Major Rating Factors:
Poor long-term capitalization index (2.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Weak profitability index (1.1) with operating losses during 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -14.0%. Vulnerable liquidity (0.2) as a spike in claims may stretch capacity.
Other Rating Factors:
Good overall results on stability tests (5.5) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
GU, MP
Principal Investments:
Cash (51.7%), investment grade bonds (37.7%), other (10.6%)
Corporate Info
Group Affiliation
Calvo Enterprises Inc
Investment Rating
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Company Address
250 Route Four
Hagatna, GU 96910
Hagatna, GU 96910
Phone Number
(671) 475-5710
NAIC Number
11216
Website
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