Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 166.4% of capital. Good long-term capitalization index (6.7) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.3) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 15.7%. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (33.3%), homeowners (16.8%), comm multi (13.2%), fire (1.2%), other (35.5%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (66.5%), common stock (16.3%), cash (13.9%), non investment grade bonds (1.0%), other (2.3%)
Corporate Info
Group Affiliation
MRM Group Inc
Investment Rating
--
Company Address
T-Mobile Center
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 625-1105
NAIC Number
44423
Website
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