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Triple-S Management Corporation (NYSE: GTS) reported a solid first quarter in 2021, with a net income of $23.3 million ($1.00 per diluted share), compared to a net loss of $26.1 million in the same period last year. Operating revenue increased by 14.6% to $1.03 billion, primarily driven by Medicaid premium growth. Despite an increase in the consolidated loss ratio to 84.4%, the company expects to maintain its full-year 2021 guidance, projecting adjusted net income per diluted share between $2.95 and $3.15.
Triple-S Management Corporation (NYSE: GTS) will release its first-quarter financial results for 2021 on May 6, 2021, before market opening. The CEO, Roberto García-Rodríguez, and CFO, Juan José Román-Jiménez, will discuss the results in a conference call at 8:30 a.m. ET. Interested participants can join by calling 1-866-248-8441 or via webcast at their website. Triple-S is a leading health services company in Puerto Rico, offering a wide range of insurance products and holding exclusive rights to the Blue Cross Blue Shield name in the region.
Triple-S Management Corporation (NYSE: GTS) has appointed Victor J. Haddock-Morales as the new Executive Vice President and Chief Financial Officer, effective May 10, 2021. Haddock brings over 20 years of finance experience from public healthcare companies, notably as CFO at Magellan Health. His predecessor, Juan José Román-Jiménez, will assist in the transition before departing later this year. The leadership change is expected to bolster Triple-S's commitment to executing its healthcare delivery strategy and maintaining financial stability.
Triple-S Management Corporation (NYSE: GTS) announced that its President and CEO, Roberto García-Rodríguez, along with CFO Juan José Román-Jiménez, will present at the Barclays Global Healthcare Conference on March 10, 2021, at 11:30 AM ET. The live presentation will be available via webcast, with a replay accessible on the company's investor relations website afterward. Triple-S is a major healthcare services provider in Puerto Rico with over 60 years of experience, offering a variety of managed care products.
Triple-S Management Corporation (NYSE:GTS) reported a strong fourth quarter 2020, achieving a net income of $26.2 million ($1.13 per diluted share), up from $13.2 million in Q4 2019. Operating revenues increased by 16.7% to $969.8 million, driven by higher Managed Care premiums. Despite challenges, the Managed Care segment's premiums rose 17.7%, with Medicare and Medicaid premiums growing significantly. The company anticipates 2021 revenues between $3.98 billion and $4.02 billion, with an adjusted net income projection of $2.95 to $3.15 per diluted share.
Triple-S Management Corporation (NYSE: GTS) plans to release its financial results for the fourth quarter ended December 31, 2020 on February 25, 2021, before market opening. A conference call will be hosted by CEO Roberto García-Rodríguez and CFO Juan José Román-Jiménez at 8:30 a.m. ET to discuss these results. Interested participants can join via telephone or through a live webcast on the company’s website. The company, a major player in Puerto Rico’s healthcare industry, offers a range of insurance and managed care services.
Triple-S Management Corporation (NYSE: GTS) announced that its Executive Vice President and Chief Financial Officer, Juan José Román-Jiménez, will retire after a transition period. He has served the company for over three decades, playing a key role in maintaining a strong balance sheet and driving the turnaround of its managed care business. An executive search firm has been engaged to find a successor, with the aim to complete the transition by the end of Q2 2021. The company is committed to its growth strategy and providing holistic care in Puerto Rico.
Triple-S Management Corporation (NYSE: GTS) announced that its President and CEO, Roberto García-Rodríguez, along with CFO Juan José Román-Jiménez, will present at the Stephens Annual Investment Conference 2020. The presentation is scheduled for November 19, 2020, at 1:00 PM ET and will be available via live webcast on their investor relations website. A replay will be accessible post-conference.
Triple-S is a primary player in Puerto Rico's healthcare sector, with over 60 years of experience, offering managed care solutions and insurance products across various markets.
Triple-S Management Corporation (NYSE: GTS) reported strong third quarter 2020 results, with net income increasing to $23.6 million or $1.02 per diluted share, a rise from $13.9 million or $0.58 per diluted share in the prior year. Operating revenues reached $942.9 million, up 12.8% year-over-year, driven by higher Managed Care premiums. The consolidated loss ratio improved to 82.5%, while the adjusted net income rose 17.4% to $14.2 million. The company raised its full year 2020 guidance for adjusted net income per share to between $3.25 and $3.35, reflecting operational strength amid pandemic challenges.
Triple-S Management Corporation (NYSE: GTS) announced that CEO Roberto García-Rodríguez and CFO Juan José Román-Jiménez will present at the 29th Annual Credit Suisse Virtual Healthcare Conference on November 11, 2020, starting at 1:15 PM Eastern Time. Interested parties can access the live webcast on the company's investor relations website. A replay will be available post-conference. Triple-S is a leading managed care provider in Puerto Rico, offering commercial, Medicare Advantage, and Medicaid products as an independent licensee of Blue Cross Blue Shield.
