FICOH’s A+ rating from A.M. Best demonstrates the strong operating results by the company’s consistently profitable underwriting performance and conservative reserving, strong capitalization, and sound market presence as one of the leading insurance providers in Hawaii. The rating also takes into consideration the support the company has gained as a group company of Tokio Marine Holdings, Inc. since 2011.
“The reaffirmation of our A+ rating recognizes our stability and responsible approach to business,” said Jeff Shonka, president and CEO of First Insurance. “More importantly, I think it speaks to our commitment to the Hawaii market and ability to be there for our policyholders in their times of need.”
A.M. Best's Financial Strength Rating provides an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. It is based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile, and it gives consumers a valuable benchmark for comparing insurers.
About First Insurance Company of Hawaii
Founded on August 11, 1911, First Insurance Company of Hawaii, Ltd. is the oldest and largest property and casualty insurer domiciled in Hawaii, with assets of $630.8 million, liabilities of $342 million and policyholders’ surplus of $288.8 million as of December 31, 2014. First Insurance, a member of the Tokio Marine North America (TMNA) group of companies, enjoys an “A+” rating from A.M. Best Co. and Standard & Poor’s, and has been named to the Ward’s 50 list of top-performing property and casualty insurance companies for six consecutive years. Proud of its broadly experienced, service-oriented staff, First Insurance employs more than 300 insurance professionals and distributes its products through 29 independent general agencies. It has claims personnel on Oahu, Maui and the Big Island.