Top 400 Locally Owned Companies

* CARIBBEAN BUSINESS estimate

N/P - Not Provided

1. Universal Group (No. 10), includes susbsidiaries Universal Insurance Co., Universal Life Insurance Co., Universal Insurance Co. of North America, Eastern America Insurance Company, & Caribbean Alliance Insurance Co.

2. Inversiones Rafael A. Soto Inc. (No. 13), includes subsidiaries Ralph’s Food Warehouse & Supermercados del Este.

3. Metro Pavía Health System (No. 18), is the management company for Hospital Dr. Cayetano Coll y Toste, Hospital Metropolitano Dr. Susoni, Hospital Metropolitano Dr. Tito Mattei, Hospital San Francisco.

4. National Insurance Group (No. 47), includes sister companies National Life and National Insurance which operate as separate companies with separate balance sheets.

5. Jiménez & Fernández Sucrs. Inc. (No.100), includes subsidiaries Café Rico Inc.

6. Autosummit Inc. (No. 103), closed its Bayamón Ford dealer in June 2007.

Abreu Powercars Inc., ranked No. 150 last year, was acquired by Berríos Motors in July 2007.

Almacenes Linda Inc., ranked No. 172 last year, filled for Chapter 11 in January 2007.

Bithorn Travel Corp., ranked No. 183 last year, filled for Chapter 11 in March 2007.

Cruz Auto Corp., ranked No. 190 last year, was acquired by Berríos Motors in December 2006.

Eduk Group Inc., No. 88 last year, is no longer a locally owned company since March 2007.

Francisco Mendoza Inc., ranked No. 176 last year, filled for Chapter 11 in March 2007.

Hospital Dr. Manuel de la Pila Iglesias Inc., ranked No. 170 last year, filled for Chapter 11 in August 2007.

La Reina Management, ranked No. 244 last year, was acquired by Dólar y Algo Extra in July 2005.

Parr Auto Corp., ranked No. 343 last year, was acquired by Winners Auto Group in August 2006

No. of full-time employees includes part-time employees where applicable (every two part-time employees = one full-time employee).

Only Puerto Rico companies that are 51% or more locally owned qualify for inclusion on this list.

Revenue for insurance companies is defined as net premiums written plus income from other sources.

Unless otherwise noted, all information was obtained from the companies or from public documents.

Wherever applicable, total revenue includes figures for affiliates and subsidiaries.

Research by Erica Sánchez & Francis E. López

Copyright © 2007 CARIBBEAN BUSINESS