Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2022. Fair overall results on stability tests (4.8) including. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (87.8%), common stock (7.2%), cash (2.0%), other (3.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1492 Ponce de Leon
San Juan, PR 00907
San Juan, PR 00907
Phone Number
(787) 641-2550
NAIC Number
11078
Website
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