Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including weak results on operational trends. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (7.4). Excellent expense controls. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
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 (19.7%), fire (2.1%), other (78.2%)
Licensed in:
(No states)
Principal Investments:
Common stock (67.1%), cash (1.5%), investment grade bonds (1.3%), other (30.1%)
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
37745
Largest Affiliates