Major Rating Factors:
Weak profitability index (1.8 on a scale of 0 to 10) with operating losses during 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -17.8%. Fair long-term capitalization index (3.8) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Fair overall results on stability tests (3.5) including weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.8% of capital.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (47.2%), comm multi (30.9%), work comp (9.0%), homeowners (4.1%), fire (1.8%), other (7.0%)
Licensed in:
HI
Principal Investments:
Investment grade bonds (76.5%), cash (13.8%), common stock (7.3%), other (2.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
MS&AD Ins Group Holdings Inc
Investment Rating
--
Company Address
1600 Kapiolani Boulevard
Honolulu, HI 96814
Honolulu, HI 96814
Phone Number
(808) 951-1700
NAIC Number
37265
Website
Largest Affiliates