Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair risk adjusted capital in prior years. Good long-term capitalization index (5.0) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (7.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (99.2%), other (0.8%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (91.0%), cash (9.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Calle Resolucion #33
San Juan, PR 00920
San Juan, PR 00920
Phone Number
(787) 999-7763
NAIC Number
12332
Website
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