Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been fair, averaging 7.1% over the past five years. Fair overall results on stability tests (3.7) including weak results on operational trends. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.9) 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 (86.1%), common stock (9.1%), cash (2.8%), other (2.1%)
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
Largest Affiliates
No affiliate information available.