Major Rating Factors:
Fair long-term capitalization index (4.6 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Fair overall results on stability tests (3.1) including fair risk adjusted capital in prior years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.7) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 15.4%. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (42.9%), other (57.1%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (63.4%), cash (18.9%), common stock (10.2%), non investment grade bonds (1.0%), other (6.5%)
Corporate Info
Group Affiliation
Premier Holdings LLC
Investment Rating
--
Company Address
1256 Ponce de Leon Avenue
San Juan, PR 00907
San Juan, PR 00907
Phone Number
(787) 300-2050
NAIC Number
16523
Website
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