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 liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.6) despite. The largest net exposure for one risk is high at 4.1% of capital.
Other Rating Factors:
Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability index (8.8).
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
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.