Triple-S Management (GTS) Tops Q3 EPS by 59c

Triple-S Management (NYSE: GTS) reported Q3 EPS of $0.77, $0.59 better than the analyst estimate of $0.18. Revenue for the quarter came in at $731.1 million versus the consensus estimate of $728.06 million.

Triple-S has previously provided directional guidance for its Commercial and Medicare businesses and last quarter also provided directional guidance for its Government Health Plan (GHP), since the contract extension gives the Company more visibility into the outlook of that business. The directional guidance provided below was prepared considering the economic situation in Puerto Rico in the aftermath of Hurricanes Irma and Maria, as well as the expected impact in the Company\'s Managed Care and Property and Casualty segments:

• Commercial—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. Full-year MLR is revised from a range of 83% to 85% to between 79% and 81%.
• Medicare Advantage—anticipate full-year member month enrollment of about 1.5 million, plus or minus 5%. Full-year MLR is unchanged remaining between 90% and 92%.
• GHP—expect member month enrollment of 4.6 million, plus or minus 5%. Full-year MLR is expected to be between 91% and 93%.
• Full-year Life insurance and Property and Casualty premiums have been revised and are now expected to reach $160 million and $81 million, respectively, plus or minus 5%.
• Full-year investment income is expected to be approximately $50 million and full-year administrative expenses are revised to a range of $468 million to $472 million.

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

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