C
Covernet Ins Co
Rating Date
October 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
4.24
Risk Adjusted
Capital Ratio #2
2.73
Loss
Ratio
25.79%
Total
Assets
6.12M
Capital
5.23M
Net
Premiums
423.11K
Net
Income
509.34K
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Weiss Ratings Covernet Ins Co
Guaynabo, PR 		Click to
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Rating C
Capitalization Index 9.60
Investment Safety Index --
Liquidity Index 8.00
Profitability Index 5.00
Reserve Adequacy Index 7.00
Stability Index 2.10
Company Info Covernet Ins Co
Guaynabo, PR 		Click to
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Industry P&C
NAIC Number 16991
Phone Number (787) 620-5000
Website www.covernetinsurance.com
Address Buchanan Office Center Guaynabo, PR 00968
Balance Sheet Covernet Ins Co
Guaynabo, PR 		Click to
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Total Assets 6.12M
Capital and Reserves Covernet Ins Co
Guaynabo, PR 		Click to
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Risk-Adjusted Capital Ratio #1 4.24
Risk-Adjusted Capital Ratio #2 2.73
1-Year Reserve Development -50.00%
2-Year Reserve Development -30.00%
Capital 5.23M
Premium to Surplus 20.00%
Reserves to Surplus 0.00%
Investments Covernet Ins Co
Guaynabo, PR 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Covernet Ins Co
Guaynabo, PR 		Click to
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Medical Loss Ratio --
Cash From Underwriting 430.00%
Combined Ratio 80.00%
Expense Ratio 50.00%
Loss Ratio 25.79%
Net Premium Growth 70.00%
Other Medical Covernet Ins Co
Guaynabo, PR 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Covernet Ins Co
Guaynabo, PR 		Click to
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Net Income 509.34K
Net Premium 423.11K
Health Premium --