Major Rating Factors:
Weak profitability index (0.7 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 -21.2%. Weak overall results on stability tests (2.4) including negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 13.0% of capital. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 24.8% deficient.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Superior liquidity (9.8) 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.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (39.0%), personal/comm auto (18.7%), work comp (4.3%), homeowners (2.6%), fin guar/surety (0.4%), other (35.0%)
Licensed in:
GU, MP
Principal Investments:
Cash (73.2%), investment grade bonds (26.8%)
Corporate Info
Group Affiliation
DB Ins Co Ltd
Investment Rating
--
Company Address
Julale Shopping Center
Hagatna, GU 96910
Hagatna, GU 96910
Phone Number
(671) 477-7170
NAIC Number
13620
Website
Largest Affiliates