Major Rating Factors:
Fair reserve development (4.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.7) despite negative cash flow from operations for 2023. 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 (8.1) with operating gains in each of the last five years. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (41.5%), homeowners (11.7%), fire (3.0%), fin guar/surety (1.1%), other (42.6%)
Licensed in:
All states
Principal Investments:
Cash (47.7%), investment grade bonds (35.5%), common stock (14.9%), other (1.8%)
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