The financial strength of Ocaso, without a doubt is one of its main values.The Company's own funds as of December 31, 2018 under the Solvency II rules amount to 1.189,5 million euros, being 2,92 times higher than the required Solvency Capital and, when compared to the minimum capital requirement represents 10,05 times its value. In this way, Ocaso has maintained a privileged position for many years ahead of its competitors.
The prestigious firm A.M. Best (www.ambest.com), a specialist in the analysis and qualification of the solvency and creditworthiness of insurance and reinsurance companies, has highlighted the financial strength of Ocaso and has awarded it with an A (Excellent) rating.
The risk selection policies of Ocaso has been translated, for years, into a significant net benefit. The pre-tax profit for 2018 was 90,5 million euros, with a turnover of 1.004 million euros.
The share capital amounts to 400 million euros. In summary, the good results obtained by Ocaso confirm once again the validity of its business independence, solvency margins and financial strength, profitable growth and quality in care and service to its policyholders.
In the following link you can download the report (in Spanish) on the Financial and Solvency Situation of Ocaso where you will be able to consult the main key aspects of the activity, results, corporate governance, profile and assumed risk management and capital management.