Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2019 and 2020. Weak quality investment portfolio (0.0) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Fair overall results on stability tests (2.9) based on rapid premium growth over the last five years, poor risk diversification due to the company's size and rapid enrollment growth during the past five years.
Other Rating Factors:
Good capitalization index (5.2) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
(No states)
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
715 Ponce De Leon Avenue
San Juan, PR 00917
San Juan, PR 00917
Phone Number
(787) 758-2000
NAIC Number
12587
Website
Largest Affiliates
No affiliate information available.