Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.7) despite. The largest net exposure for one risk is high at 4.0% of capital. Strong long-term capitalization index (9.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.8) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 18.0%. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (72.7%), comm multi (12.4%), fire (0.4%), homeowners (0.2%), product liab. (0.1%), fin guar/surety (0.1%), other (14.0%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (82.4%), common stock (6.3%), non investment grade bonds (2.9%), cash (2.8%), preferred stock (0.9%), real estate (0.9%), other (3.8%)
Corporate Info
Group Affiliation
Grupo Cooperativo Seguros Multiples
Investment Rating
--
Company Address
38 Nevarez Street
San Juan, PR 00927
San Juan, PR 00927
Phone Number
--
NAIC Number
18163
Website
Largest Affiliates
No affiliate information available.