Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including fair financial strength of affiliated Triple-S Management Corp, negative cash flow from operations for 2022 and fair risk adjusted capital in prior years. Good current capitalization (5.9) based on excellent risk adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021. Good Liquidity (6.6).
Other Rating Factors:
Weak profitability (1.8). High quality investment portfolio (9.0).
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind health (91.7%), group life (1.3%), credit life (0.9%), other (6.1%)
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
Triple-S Management Corp
Investment Rating
--
Company Address
1052 Munoz Rivera Avenue
San Juan, PR 00927
San Juan, PR 00927
Phone Number
(787) 758-4888
NAIC Number
61158
Website
Largest Affiliates