Major Rating Factors:
History of adequate reserve strength (6.2 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.6) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Fair profitability index (4.9) with operating losses during 2024.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (77.6%), common stock (6.7%), non investment grade bonds (5.3%), cash (4.6%), preferred stock (1.0%), other (4.8%)
Corporate Info
Group Affiliation
Universal Group Inc
Investment Rating
--
Company Address
Buchanan Office Center
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 523-3300
NAIC Number
15324
Website
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