Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including lack of operational experience. The largest net exposure for one risk is excessive at 42.9% of capital. History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.3) 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 (8.6) despite modest operating losses during the first six months of 2025. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
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:
Comm multi (11.8%), other (88.2%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (95.0%), cash (5.0%)
Corporate Info
Group Affiliation
Popular Inc
Investment Rating
Company Address
Corporate Office Park
Guaynabo, PR 00966
Guaynabo, PR 00966
Phone Number
(787) 706-4111
NAIC Number
17251
Website
Largest Affiliates