Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 6.0% of capital. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (9.1) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 15.4%. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (42.2%), personal/comm auto (3.9%), fire (1.3%), other (52.7%)
Licensed in:
PR
Principal Investments:
Investment grade bonds (90.0%), cash (9.9%)
Corporate Info
Group Affiliation
Fundacion Mapfre Estudios
Investment Rating
--
Company Address
297 Calle Cesar Gonzalez
San Juan, PR 00918
San Juan, PR 00918
Phone Number
(787) 250-6500
NAIC Number
31690
Website
Largest Affiliates