Major Rating Factors:
Good long-term capitalization index (5.8 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting improvement over results in 2023. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.8) despite weak risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification. Excellent profitability index (8.8) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 11.3%.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Comm multi (66.0%), personal/comm auto (14.0%), fire (4.3%), product liab. (0.8%), other (14.8%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (52.7%), cash (19.8%), common stock (9.0%), real estate (8.3%), other (10.3%)
Corporate Info
Group Affiliation
One Alliance Ins Corporation
Investment Rating
--
Company Address
270 Munoz Rivera Avenue
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(767) 622-3333
NAIC Number
15646
Website
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