Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite negative cash flow from operations for 2023. Strong long-term capitalization index (7.4) 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 (8.0) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.3) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (7.5) 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 (21.2%), fire (9.4%), fin guar/surety (4.1%), comm multi (3.1%), homeowners (2.7%), other (59.5%)
Licensed in:
PR
Principal Investments:
Common stock (49.9%), cash (37.6%), investment grade bonds (10.5%), other (2.0%)
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