Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6).
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (9.3) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (94.2%), cash (5.8%)
Corporate Info
Group Affiliation
Lockhart Caribbean Corporation
Investment Rating
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Company Address
Metro Office Park
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 520-6175
NAIC Number
17783
Website
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Largest Affiliates