Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) despite operating losses during 2018. Return on equity has been fair, averaging 9.9% over the past five years. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.2) despite weak results on operational trends. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Fair reserve development (3.4) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2019 the two year reserve development was 27% and 39% deficient respectively.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (77.4%), comm multi (8.9%), fire (0.3%), homeowners (0.2%), fin guar/surety (0.1%), product liab. (0.1%), other (13.0%)
Licensed in:
No States
Principal Investments:
Investment grade bonds (80.0%), common stock (5.3%), cash (3.7%), non investment grade bonds (2.2%), real estate (1.0%), preferred stock (1.0%), other (6.9%)
Corporate Info
Group Affiliation
Cooperativa de Seguros Multiples
Investment Rating
--
Company Address
38 NEVAREZ STREET
SAN JUAN, PR 00927
SAN JUAN, PR 00927
Phone Number
(787) 622-3575x2512
NAIC Number
18163
Largest Affiliates
