Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7).
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
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:
Cash (67.7%), other (32.3%)
Corporate Info
Group Affiliation
nBeta Holdings LLC
Investment Rating
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Company Address
1256 Ponce de Leon Avenue
San Juan, PR 00907
San Juan, PR 00907
Phone Number
(787) 300-2050
NAIC Number
17782
Website
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Largest Affiliates