Major Rating Factors:
Good liquidity (6.6 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite. The largest net exposure for one risk is high at 4.8% of capital. Strong long-term capitalization index (9.5) 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:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent profitability index (8.8).
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (71.1%), comm multi (13.3%), fire (0.4%), homeowners (0.2%), product liab. (0.1%), other (14.9%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (81.1%), common stock (6.8%), cash (2.8%), real estate (0.9%), preferred stock (0.9%), other (7.4%)
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
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