Triple-S Management (GTS) Tops Q1 EPS by 11c

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Triple-S Management Corporation Reports First Quarter 2015 Results

May 7, 2015 7:01 AM EDT

SAN JUAN, Puerto Rico, May 7, 2015 /PRNewswire/ -- Triple-S Management Corporation (NYSE: GTS), a leading managed care company in Puerto Rico, today announced consolidated revenues of $581.7 million and net income of $14.8 million, or $0.56 per diluted share for the quarter ended March 31, 2015.

Quarterly Consolidated Highlights

Consolidated operating revenues were $573.8 million; Consolidated operating income was $14.0 million; Consolidated loss ratio was 81.2%;  Medical loss ratio (MLR) was 84.7%; Managed Care member month enrollment decreased 3.1% year over year.

Ramon Ruiz-Comas, President and Chief Executive... More