Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.9) including excessive premium growth and negative cash flow from operations for 2024. Strengths include potentially strong support from affiliation with Tradewind Group Inc. 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 3.0% over the past five years.
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (46.6%), work comp (27.5%), comm multi (6.8%), homeowners (6.7%), fire (1.8%), product liab. (0.5%), other (10.2%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (91.0%), cash (4.1%), other (4.9%)
Corporate Info
Group Affiliation
Tradewind Group Inc
Investment Rating
--
Company Address
828 Fort Street Mall
Honolulu, HI 96813
Honolulu, HI 96813
Phone Number
(808) 564-8200
NAIC Number
11689
Website
Largest Affiliates