Major Rating Factors:
Strong long-term capitalization index (7.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent profitability index (8.5) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 13.7%.
Other Rating Factors:
Excellent liquidity (7.8) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification.
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 (64.7%), homeowners (11.9%), personal/comm auto (3.9%), fin guar/surety (3.8%), fire (0.2%), other (15.5%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (65.7%), common stock (23.1%), cash (10.3%), preferred stock (0.2%), other (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Edificio Ochoa
San Juan, PR 00901
San Juan, PR 00901
Phone Number
(787) 474-4900
NAIC Number
10308
Website
Largest Affiliates
No affiliate information available.