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 16.1% of capital. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (8.4). Excellent liquidity (7.5) 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.
Principal Lines of Business:
Comm multi (24.9%), personal/comm auto (23.2%), homeowners (8.9%), fire (7.5%), fin guar/surety (1.1%), work comp (0.1%), other (34.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (87.3%), real estate (6.7%), cash (4.3%), common stock (0.1%), other (1.5%)
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