Major Rating Factors:
Poor long-term capitalization index (2.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year. Weak overall results on stability tests (2.8) including weak results on operational trends, excessive premium growth and fair risk adjusted capital in prior years. Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (8.5).
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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (42.8%), other (57.2%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (69.4%), cash (10.7%), common stock (9.8%), non investment grade bonds (0.6%), other (9.4%)
Corporate Info
Group Affiliation
Premier Holdings LLC
Investment Rating
--
Company Address
1256 Ponce de Leon Avenue
San Juan, PR 00907
San Juan, PR 00907
Phone Number
(787) 300-2050
NAIC Number
16523
Website
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