Major Rating Factors:
Fair reserve development (3.7 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the one year reserve development was 15.8% and 17.7% deficient respectively. Fair profitability index (4.8) with operating gains in each of the last five years. Return on equity has been fair, averaging 26.0% over the past five years. Good overall results on stability tests (4.9) including.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (81.0%), common stock (11.0%), cash (6.5%), non investment grade bonds (0.7%), other (0.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Las Vistas Village
San Juan, PR 00926
San Juan, PR 00926
Phone Number
(787) 641-4161
NAIC Number
10899
Website
Largest Affiliates
No affiliate information available.