Major Rating Factors:
Good overall results on stability tests (5.4 on a scale of 0 to 10) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.9) with operating gains in each of the last five years. Return on equity has been fair, averaging 18.0% over the past five years. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
PR, VI
Principal Investments:
Investment grade bonds (85.1%), cash (0.9%), other (13.9%)
Corporate Info
Group Affiliation
Assurant Inc
Investment Rating
Company Address
350 Avenida Carlos Chardon
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 250-6470
NAIC Number
30590
Website
Largest Affiliates