Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with operating losses during 2021 and 2022. Weak capitalization index (0.4) based on weak current risk-adjusted capital (severe loss scenario). Weak overall results on stability tests (0.3) based on a significant -18% decrease in enrollment during the period, poor risk diversification due to the company's size and fair risk-adjusted capital in prior years.
Other Rating Factors:
Weak liquidity (0.0) as a spike in claims may stretch capacity. Excellent quality investment portfolio (9.8) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
PR
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
353 Font Martelo Avenue
Humacao, PR 00791
Humacao, PR 00791
Phone Number
(787) 852-0846
NAIC Number
95743
Website
Largest Affiliates
No affiliate information available.