Major Rating Factors:
Weak overall results on stability tests (1.0 on a scale of 0 to 10) including potential financial drain due to affiliation with Medical Card System Inc. Weak Liquidity (1.8) as a spike in claims may stretch capacity. Fair overall capitalization (3.6) based on mixed results -- excessive policy leverage mitigated by fair risk adjusted capital (severe loss scenario).
Other Rating Factors:
Good overall profitability (5.8). High quality investment portfolio (9.6).
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.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (91.0%), ind health (8.3%), group life (0.7%)
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
Medical Card System Inc
Investment Rating
--
Company Address
Ste 900 255 Ponce de Leon Ave
San Juan, PR 917
San Juan, PR 917
Phone Number
(787) 758-2500
NAIC Number
60030
Website
Largest Affiliates
No affiliate information available.
