Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including weak results on operational trends and weak risk diversification. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.7). 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:
Comm multi (80.2%), fin guar/surety (8.9%), personal/comm auto (1.7%), fire (0.5%), other (8.8%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (65.8%), cash (21.5%), common stock (4.3%), other (8.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Buchanan Office Center
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 620-5000
NAIC Number
16991
Website
Largest Affiliates
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