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
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Investments in Affiliates
Corporate Info
Group Affiliation
Pan-American Life
Investment Rating
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Company Address
OFFICE PARK 2 CALLE 1 STE 101
SAN JUAN, PR 00936
SAN JUAN, PR 00936
Phone Number
(787) 620-1414
NAIC Number
12952
Website
Largest Affiliates
