Triple-S Management Corporation (GTS) financial statements (2021 and earlier)

Company profile

Business Address 1441 F.D. ROOSEVELT AVE.
SAN JUAN, 00920
State of Incorp.
Fiscal Year End December 31
SIC 6321 - Accident and Health Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments397366467381397413569
Cash and cash equivalents1109916696118107256
Short-term investments288267301286279306313
Receivables911129678797672
Total current assets:488478563459476489641
Noncurrent Assets
Operating lease, right-of-use asset10   
Property, plant and equipment89868682827878
Intangible assets, net (including goodwill)29292525252525
Goodwill29292525252525
Deferred income tax assets77   
Total noncurrent assets:205115111107107104104
Other undisclosed assets2,1262,2372,1632,2302,1772,2262,330
TOTAL ASSETS:2,8192,8302,8372,7962,7602,8183,074
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt54      
Total current liabilities:54      
Noncurrent Liabilities
Liabilities, other than long-term debt10      
Deferred income tax liabilities10   
Total noncurrent liabilities:10      
Other undisclosed liabilities1,8111,8821,9161,9251,9391,9992,226
Total liabilities:1,8761,8821,9161,9251,9391,9992,226
Stockholders' equity
Stockholders' equity attributable to parent, including:944949922872822821849
Additional paid in capital61674035343439
Accumulated other comprehensive income (loss)294132173(10)(3)
Retained earnings830817828797762773790
Other undisclosed stockholders' equity attributable to parent24242323232323
Stockholders' equity attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)(1)
Total stockholders' equity:943949921871821820849
TOTAL LIABILITIES AND EQUITY:2,8192,8302,8372,7962,7602,8183,074

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues841839886810705771762
Premiums earned, net810815859768   
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
(657)(680)(706)(623)(568)(649)(692)
Gross profit:18415918018713812270
Operating expenses(166)(137)(134)(133)(146)(141)(135)
Operating income (loss):19224654(8)(19)(65)
Interest and debt expense(2)(2)(2)(2)(1)(2)(2)
Income (loss) from continuing operations before income taxes:17204452(10)(21)(67)
Income tax expense (benefit)(3)(6)(13)(17)(1)328
Net income (loss):13143135(11)(18)(39)
Net income (loss) attributable to noncontrolling interest00000 (0)
Net income (loss) available to common stockholders, diluted:13143135(11)(18)(39)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):13143135(11)(18)(39)
Other comprehensive income (loss)(12)9151313(6)(8)
Comprehensive income (loss):22346482(24)(47)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00000 (0)
Comprehensive income (loss), net of tax, attributable to parent:22346482(24)(47)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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