Major Rating Factors:
Strong long-term capitalization index (7.5 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.8) despite operating losses during 2024 and the first three months of 2025. Return on equity has been good over the last five years, averaging 17.3%. Good overall results on stability tests (6.6) despite negative cash flow from operations for 2024. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (82.8%), common stock (6.8%), non investment grade bonds (5.5%), cash (2.7%), preferred stock (1.0%), other (1.2%)
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
Largest Affiliates