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 169.1% of capital. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent profitability index (7.7).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fin guar/surety (35.5%), homeowners (21.9%), fire (1.3%), comm multi (0.4%), other (41.0%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (67.1%), common stock (18.1%), cash (11.4%), non investment grade bonds (0.9%), other (2.5%)
Corporate Info
Group Affiliation
MRM Group Inc
Investment Rating
--
Company Address
Urb. Caparra Hls Ind Park
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 273-1818
NAIC Number
44423
Website
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