Major Rating Factors:
Strong long-term capitalization index (9.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.9).
Other Rating Factors:
Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (46.0%), personal/comm auto (18.7%), fire (6.7%), homeowners (0.5%), fin guar/surety (0.4%), other (27.7%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (71.5%), cash (20.3%), real estate (4.4%), preferred stock (2.1%), common stock (0.9%), non investment grade bonds (0.7%)
Corporate Info
Group Affiliation
Ancon Investment Corporation
Investment Rating
--
Company Address
470 Ponce de Leon Ave
Hato Rey, PR 00918
Hato Rey, PR 00918
Phone Number
(787) 758-8080
NAIC Number
14153
Website
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