Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10). Excellent expense controls. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent liquidity (8.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (82.6%), other (17.4%)
Licensed in:
(No states)
Principal Investments:
Common stock (81.6%), cash (1.4%), investment grade bonds (0.5%), other (16.4%)
Corporate Info
Group Affiliation
PBRA (Cayman) Co
Investment Rating
--
Company Address
B-7 Tabonuco Street
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 339-2100
NAIC Number
16777
Largest Affiliates