Major Rating Factors:
Good overall results on stability tests (6.4 on a scale of 0 to 10) despite excessive premium growth and negative cash flow from operations for 2025. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. In 2025 the one year reserve development was 21.7% deficient. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.9). Excellent expense controls. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Homeowners (82.8%), personal/comm auto (16.8%), other (0.4%)
Licensed in:
All states except AK, NY, WA
Principal Investments:
Investment grade bonds (41.9%), cash (0.6%), other (57.5%)
Corporate Info
Group Affiliation
PBRA (Cayman) Co
Investment Rating
--
Company Address
B-7 Calle Tabonuco Street
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 339-2100
NAIC Number
11089
Largest Affiliates