Triple-S Management (GTS) Misses Q1 EPS by 29c

Triple-S Management (NYSE: GTS) reported Q1 EPS of ($0.20), $0.29 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $722.5 million versus the consensus estimate of $748.76 million.

2017 Outlook

García-Rodríguez commented, "In our last earnings release, we only provided directional guidance for our Commercial and Medicare businesses, given the proposed cuts and design changes in the Government Health Plan (GHP) and the broader economic impact of the fiscal control measures required by the Fiscal Oversight Board. This situation has not changed since then. As a result of these market uncertainties, we will continue to provide directional guidance regarding our Commercial and Medicare businesses only.

"In the Commercial business, we expect full-year at-risk member month enrollment to be approximately 4.0 million, plus or minus 5%, reflecting some attrition as well as the addition of new groups. Our MLR should be in the 84.5% to 86.5% range.

"In the Medicare Advantage business, we anticipate full year member month enrollment of about 1.5 million, plus or minus 5%. The expected MLR should be between 90% and 92%.

"Our ancillary segments are expected to continue showing stable results. In 2017 Life insurance and Property and Casualty premiums are expected to reach $162 million and $90 million, respectively, plus or minus 5%.

"Investment income should be at the same level as in 2016 and administrative expenses should be in a range of $460 million to $485 million.

"We will continue offering directional information—such as estimates, targets or trends―where it makes sense to help guide market expectations. As time progresses and the environment stabilizes, we will consider when and if it makes sense to provide consolidated earnings estimates on a regular basis."

For earnings history and earnings-related data on Triple-S Management (GTS) click here.

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