Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with modest operating losses during 2021, 2022 and 2023. Weak overall results on stability tests (1.0) based on poor risk diversification due to the company's size. Excellent capitalization (7.4) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2022.
Other Rating Factors:
Excellent quality investment portfolio (9.8) containing small junk bond exposure. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
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
--
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.