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. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.3) despite. Stability strengths include good operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability index (7.3).
Stability Factors:
Principal Lines of Business:
Other (100%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (81.2%), common stock (13.1%), cash (3.7%), non investment grade bonds (0.8%), other (1.2%)
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
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