Major Rating Factors:
Good overall results on stability tests (5.6 on a scale of 0 to 10) despite fair financial strength of affiliated MAPFRE Ins Group and negative cash flow from operations for 2022. Other stability subfactors include good operational trends and excellent risk diversification. Good overall profitability (5.1). Excellent expense controls. Good Liquidity (6.8).
Other Rating Factors:
Strong capitalization (9.3) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (8.8).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Group health (87.5%), ind health (10.5%), group life (1.1%), other (0.8%)
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
MAPFRE Ins Group
Investment Rating
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Company Address
Urb Ind Tres Monjitas 297 Ave
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 250-6500
NAIC Number
77054
Website
Largest Affiliates