Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.8) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 5.6% of capital. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Ample reserve history (9.6) that helps to protect the company against sharp claims increases. Excellent profitability index (8.8).
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (43.8%), personal/comm auto (32.1%), fire (3.5%), fin guar/surety (0.9%), homeowners (0.3%), product liab. (0.2%), other (19.2%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (79.2%), cash (9.2%), common stock (5.7%), real estate (3.6%), other (2.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1101 Munoz Rivera Avenue
San Juan, PR 00925
San Juan, PR 00925
Phone Number
(787) 765-2100
NAIC Number
10140
Website
Largest Affiliates
No affiliate information available.