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Triple-S Management Corp (GTS.N)

GTS.N on New York Stock Exchange

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20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Triple-S Management says unit entered into master services agreement with Optuminsight
Wednesday, 30 Aug 2017 04:52pm EDT 

Aug 30 (Reuters) - Triple-s Management Corp ::Triple-S Management Corp - unit entered into a master services agreement with Optuminsight Inc - sec filing.Triple-S Management - agreement will be effective as of August 31, 2017 and shall have an initial term of ten years.Triple-S Management - Triple-s has right to extend term of agreement for two additional one year terms.Triple-S Management - ‍in event triple-s terminates agreement, Triple-S shall pay optum termination fee that fluctuates between $250,000 and $11.25 million.Triple-S Management-as compensation for services provided under agreement, triple-s expects to pay optum about $260 million during initial ten year term of agreement.Triple-S Management-expects certain employees of its data processing services affiliate, Interactive Systems Inc., will become employees of optum.  Full Article

Triple-S Management announces $30 mln class B share repurchase program
Tuesday, 8 Aug 2017 07:30am EDT 

Aug 8 (Reuters) - Triple-s Management Corp :Triple-S management corporation announces $30 million class b share repurchase program.Triple-S management corp - ‍board of directors has authorized a $30 million common stock repurchase program​.  Full Article

Triple-S Management reports Q2 earnings per share $0.52
Tuesday, 8 Aug 2017 06:30am EDT 

Aug 8 (Reuters) - Triple-s Management Corp :Triple-S management corporation reports second quarter 2017 results.Q2 adjusted earnings per share $0.39.Q2 earnings per share $0.52.Q2 revenue $745.9 million.  Full Article

Triple-S Management ‍agrees to Medicaid contract extension
Wednesday, 5 Jul 2017 04:49pm EDT 

July 5 (Reuters) - Triple-s Management Corp ::Triple-S Management Corp - ‍agrees to Medicaid contract extension​.Triple-S Management - ASES will increase payment to triple-s Salud from a rate of $165.93 to $183.38 per member per month for metro north region.Triple-S management - agreed to extend contract with Puerto Rico Health insurance administration for 3-month period beginning July 1, ending Sept 30.Triple-S Management Corp - extension is intended to ensure continuity of services while parties conclude negotiations for renewal of contract.Triple-S Management Corp - under contract extension, ases will increase its payment to triple-s salud from $138.37 to $148.99 PMPM for west region.Triple-S Management Corp - new rates will also apply for remainder of 2017-2018 fiscal year.  Full Article

Triple-S Management Q1 adjusted loss per share $0.20
Tuesday, 9 May 2017 06:30am EDT 

May 9 (Reuters) - Triple-s Management Corp :Triple-S management corporation reports first quarter 2017 results.Q1 adjusted loss per share $0.20.Q1 loss per share $0.18.Q1 revenue $722.5 million.Triple-S management corp- in medicare advantage business anticipate full year member month enrollment of about 1.5 million, plus or minus 5% for 2017.Triple-S management corp - for 2017 "investment income should be at same level as in 2016".Triple-S management - in 2017 life insurance and property and casualty premiums expected to reach $162 million and $90 million, respectively, plus or minus 5%.Qtrly consolidated premiums earned were $702.3 million, down 4.9% from last year.  Full Article

Triple-S Management Corp Q4 earnings per share $0.50
Thursday, 2 Mar 2017 07:00am EST 

Triple-S Management Corp : Triple-S Management Corporation reports fourth quarter 2016 results . Says expect full-year at-risk member month enrollment to be approximately 4.0 million, plus or minus 5% . Triple-S Management Corp says "expect full-year at-risk member month enrollment to be approximately 4.0 million, plus or minus 5%" . Triple-S Management Corp says 2017 life insurance and property and casualty premiums are expected to reach $162 million and $90 million, respectively, plus or minus 5% . Q4 adjusted earnings per share $0.14 . Q4 earnings per share $0.50 . Q4 revenue $730.7 million .Triple-S Management Corp says as a result of the market uncertainties, are not providing guidance in traditional sense.  Full Article

Triple-S Management Q3 adjusted loss per share $0.26
Thursday, 3 Nov 2016 06:30am EDT 

Triple-s Management Corp : Qtrly consolidated loss ratio was 87.2 pct . Qtrly consolidated premiums earned were $721.2 million, down 3.4 pct from last year . Premiums decrease was principally due to lower premiums in managed care business . Have decided to freeze our defined benefit pension plan effective Q1 of 2017 . Freezing defined benefit pension plan to generate average annual savings of approximately $6 million . Effective october transferred u.s. Virgin islands business to a third party, eliminating annual losses in excess of $3 million . Triple-S management corporation reports third quarter 2016 results . Q3 adjusted loss per share $0.26 . Q3 loss per share $0.08 .Q3 revenue $744.7 million.  Full Article

Triple S Management Corp announces management changes
Friday, 8 Jan 2016 06:30am EST 

Triple S Management Corp:Announces management changes.Says Roberto Garcia-Rodriguez has assumed the role of Chief Executive Officer.Says Juan Jose Roman-Jimenez will rejoin the company as Chief Financial Officer.Says company's current CFO, Amilcar Jordan, will be leaving the company to pursue other opportunities.  Full Article

Triple S Management Corp announces $25.0 million class b share repurchase authorization
Tuesday, 17 Nov 2015 06:55am EST 

Triple S Management Corp:Says Board of Directors has authorized a $25.0 million common stock repurchase program, which will commence immediately.  Full Article

BRIEF-Triple-S Management says unit entered into master services agreement with Optuminsight

* Triple-S Management Corp - unit entered into a master services agreement with Optuminsight Inc - sec filing