Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (4.9) including excessive premium growth, negative cash flow from operations for 2025 and lack of operational experience. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (7.4) despite operating losses during 2023. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
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:
Other (100%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (74.0%), cash (20.5%), other (5.5%)
Corporate Info
Group Affiliation
Laulima Exchange
Investment Rating
--
Company Address
7979 Ivanhoe Ave.
La Jolla, CA 92037
La Jolla, CA 92037
Phone Number
(619) 567-5290
NAIC Number
17521
Website
Largest Affiliates