Edition:
United States

Triple-S Q3 Loss Per Share $0.77


Thursday, 8 Nov 2018 06:00am EST 

Nov 8 (Reuters) - Triple-S Management Corp ::ORATION REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.97.Q3 LOSS PER SHARE $0.77.Q3 REVENUE ROSE 4.5 PERCENT TO $764 MILLION.QTRLY CONSOLIDATED PREMIUMS EARNED WERE $742.4 MILLION, UP 3.9% FROM PRIOR-YEAR PERIOD.QTRLY CONSOLIDATED CLAIMS INCURRED WERE $648.6 MILLION, UP 11.1% YEAR-OVER-YEAR.QTRLY CONSOLIDATED OPERATING EXPENSES OF $141.0 MILLION INCREASED BY $21.8 MILLION, OR 18.3%, FROM PRIOR-YEAR PERIOD.TRIPLE-S MANAGEMENT - MAINTAINING FY2018 DIRECTIONAL GUIDANCE FOR MANAGED CARE COMMERCIAL & MEDICARE ADVANTAGE MEMBERSHIP.RAISING FY DIRECTIONAL GUIDANCE FOR PREMIUMS EARNED IN LIFE INSURANCE SEGMENT.RAISED EXPECTATIONS FOR LIFE INSURANCE PREMIUMS EARNED FOR 2018 BETWEEN $165 MILLION AND $167 MILLION.EXPECTATION FOR CONSOLIDATED OPERATING EXPENSES FOR FULL YEAR 2018 ARE NOW BETWEEN $550 MILLION AND $555 MILLION.CONTINUES TO EXPECT PROPERTY AND CASUALTY PREMIUMS EARNED FOR 2018 BETWEEN $82 MILLION AND $86 MILLION.TRIPLE-S MANAGEMENT - IN MEDICARE ADVANTAGE BUSINESS, CO CONTINUES TO EXPECT FY MEMBER MONTH ENROLLMENT TO BE BETWEEN 1.25 MILLION AND 1.35 MILLION.IN MEDICARE ADVANTAGE BUSINESS, CO NOW EXPECTS FULL YEAR MLR FOR 2018 BETWEEN 84% AND 86%. 

Company Quote

17.33
-0.02 -0.12%
14 Dec 2018