Major Rating Factors:
Fair overall results on stability tests (4.5 on a scale of 0 to 10) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.1% of capital. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (9.6) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.0) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 15.4%. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (37.8%), personal/comm auto (32.6%), fire (4.8%), fin guar/surety (0.7%), homeowners (0.3%), product liab. (0.2%), other (23.6%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (80.4%), cash (9.4%), common stock (4.7%), real estate (3.7%), other (1.9%)
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
--
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.
