Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair overall results on stability tests (4.3) including excessive premium growth and negative cash flow from operations for 2024. The largest net exposure for one risk is high at 4.1% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (7.6) with operating gains in each of the last five years. Excellent expense controls. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
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 (47.1%), homeowners (1.5%), fire (0.9%), other (50.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (28.5%), cash (11.7%), common stock (9.6%), other (50.3%)
Corporate Info
Group Affiliation
PBRA (Cayman) Co
Investment Rating
--
Company Address
B-7 Calle Tabonuco Street
Guaynabo, PR 00968
Guaynabo, PR 00968
Phone Number
(787) 339-2100
NAIC Number
28860
Largest Affiliates