D
Popular Re Inc
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (1.7 on a scale of 0 to 10) including lack of operational experience. The largest net exposure for one risk is excessive at 16.3% of capital. History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: Excellent profitability index (8.9). Excellent expense controls. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. E - Lack of operating experience. 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 (11.8%), other (88.2%)
Licensed in: PR
Principal Investments: Investment grade bonds (95.0%), cash (5.0%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Popular Inc
Investment Rating
Company Address
Corporate Office Park
Guaynabo, PR 00966
Phone Number
(787) 706-4111
NAIC Number
17251
Largest Affiliates
B
GUAYNABO, PR - L&A