Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent profitability index (8.3) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been good over the last five years, averaging 11.8%.
Other Rating Factors:
Superior liquidity (9.8) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (6.4%), fire (4.8%), personal/comm auto (3.6%), product liab. (1.0%), work comp (0.1%), other (84.1%)
Licensed in:
PR, VI
Principal Investments:
Investment grade bonds (90.3%), cash (4.4%), non investment grade bonds (0.4%), other (4.9%)
Corporate Info
Group Affiliation
American International Group Inc
Investment Rating
Company Address
American International Plaza
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 767-6400
NAIC Number
31674
Website
Largest Affiliates
