Major Rating Factors:
Weak profitability (2.8 on a scale of 0 to 10) with investment income below regulatory standards in relation to interest assumptions of reserves. Weak Liquidity (2.5) based on large exposure to policies that are subject to policyholder withdrawals with minimal or no penalty. Weak overall results on stability tests (2.7) including weak risk adjusted capital in prior years.
Other Rating Factors:
Fair capitalization (4.8) based on fair risk adjusted capital (moderate loss scenario). Fair quality investment portfolio (4.5).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
I - Past results on our Investment Safety Index.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (31.8%), group life (28.8%), ind health (26.1%), other (13.3%)
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
None
Investment Rating
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Company Address
400 Americo Miranda
San Juan, PR 00936
San Juan, PR 00936
Phone Number
(787) 751-5656
NAIC Number
79715
Website
Largest Affiliates
No affiliate information available.