Major Rating Factors:
Weak overall results on stability tests (1.8 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 16.2% of capital. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (8.6) with operating gains in each of the last five years. Superior liquidity (9.5) 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:
Comm multi (27.9%), personal/comm auto (23.6%), homeowners (11.2%), fire (6.4%), fin guar/surety (1.1%), work comp (0.2%), other (29.6%)
Licensed in:
PR, VI
Principal Investments:
Investment grade bonds (89.6%), real estate (6.5%), cash (3.2%), other (0.7%)
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
43052
Website
Largest Affiliates