B
PAN AMERICAN LIFE INS CO OF PR
Data as of
September 30, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall capitalization (6.1 on a scale of 0 to 10) based on good risk adjusted capital (moderate loss scenario). Nevertheless, capital levels have fluctuated during prior years. Good liquidity (6.6) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (4.5) including negative cash flow from operations for 2021.
Other Rating Factors: Low quality investment portfolio (0.5). Weak profitability (1.5) with operating losses during the first nine months of 2022.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group health (97.5%), group life (2.5%)
Licensed in: PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
--
Investments in Affiliates
Corporate Info
Group Affiliation
Pan-American Life
Investment Rating
--
Company Address
OFFICE PARK 2 CALLE 1 STE 101
SAN JUAN, PR 00936
Phone Number
(787) 620-1414
NAIC Number
12952
Largest Affiliates
B
New Orleans, LA - L&A
B
NEW ORLEANS, LA - L&A
B
NEW ORLEANS, LA - L&A
U
GRAND CAYMAN, CA - L&A
U
RICHARDSON, TX - P&C
Weiss Ratings