Triple-S Management Corporation (GTS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1441 F.D. ROOSEVELT AVE. SAN JUAN, 00920 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6321 - Accident and Health Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 697,820 | 629,141 | 515,317 | 518,681 | 485,675 | 403,596 | |||
| Cash and cash equivalents | 174,390 | 118,725 | 110,989 | 129,603 | 141,071 | 104,580 | |||
| Short-term investments | 523,430 | 510,416 | 404,328 | 389,078 | 344,604 | 299,016 | |||
| Receivables | 114,386 | 102,799 | 122,266 | 141,563 | 123,611 | 121,427 | |||
| Total current assets: | 812,206 | 731,940 | 637,583 | 660,244 | 609,286 | 525,023 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12,957 | 13,929 | 14,421 | ||||||
| Property, plant and equipment | 136,146 | 133,686 | 131,974 | 130,220 | 126,685 | 89,367 | |||
| Intangible assets, net (including goodwill) | 28,614 | 28,614 | 28,614 | 28,614 | 28,614 | 28,614 | |||
| Goodwill | 28,614 | 28,614 | 28,614 | 28,614 | 28,614 | 28,614 | |||
| Deferred income tax assets | 107,942 | 110,870 | 119,534 | 68,637 | 76,010 | 81,337 | |||
| Total noncurrent assets: | 272,702 | 273,170 | 293,079 | 241,400 | 245,730 | 199,318 | |||
| Other undisclosed assets | 2,140,554 | 2,196,373 | 2,157,756 | 2,218,643 | 2,166,414 | 2,263,853 | |||
| TOTAL ASSETS: | 3,225,462 | 3,201,483 | 3,088,418 | 3,120,287 | 3,021,430 | 2,988,194 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 45,000 | 37,000 | 30,000 | 82,500 | 15,000 | 78,000 | |||
| Total current liabilities: | 45,000 | 37,000 | 30,000 | 82,500 | 15,000 | 78,000 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 14,249 | 13,255 | 15,046 | 12,254 | 10,999 | 6,031 | |||
| Deferred income tax liabilities | 14,249 | 13,255 | 15,046 | 12,254 | 10,999 | 6,031 | |||
| Total noncurrent liabilities: | 14,249 | 13,255 | 15,046 | 12,254 | 10,999 | 6,031 | |||
| Other undisclosed liabilities | 2,161,460 | 2,175,170 | 2,075,859 | 2,015,846 | 2,015,896 | 1,978,013 | |||
| Total liabilities: | 2,220,709 | 2,225,425 | 2,120,905 | 2,110,600 | 2,041,895 | 2,062,044 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,005,479 | 976,778 | 968,230 | 1,010,400 | 980,245 | 926,850 | |||
| Common stock | 23,796 | 23,680 | 23,430 | 23,430 | 23,438 | ||||
| Additional paid in capital | 60,484 | 58,331 | 57,399 | 53,964 | 52,372 | 53,762 | |||
| Accumulated other comprehensive income (loss) | (22,892) | (25,764) | (9,820) | 61,939 | 56,949 | 45,395 | |||
| Retained earnings | 944,091 | 920,531 | 897,221 | 871,067 | 847,486 | 803,887 | |||
| Other undisclosed equity, attributable to parent | 23,806 | ||||||||
| Equity, attributable to noncontrolling interest | (726) | (720) | (717) | (713) | (710) | (700) | |||
| Total equity: | 1,004,753 | 976,058 | 967,513 | 1,009,687 | 979,535 | 926,150 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,225,462 | 3,201,483 | 3,088,418 | 3,120,287 | 3,021,430 | 2,988,194 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,027,441 | 1,039,503 | 999,020 | 956,264 | 904,380 | 842,774 | ||
| Premiums earned, net | 987,880 | 1,008,436 | 948,084 | 922,934 | 858,535 | 875,897 | ||
| Cost of revenue (Policyholder Benefits and Claims Incurred, Net) | (844,064) | (850,558) | (817,419) | (761,792) | (653,087) | (714,522) | ||
| Gross profit: | 183,377 | 188,945 | 181,601 | 194,472 | 251,293 | 128,252 | ||
| Operating expenses | (151,253) | (151,101) | (156,230) | (158,809) | (178,659) | (162,201) | ||
| Operating income (loss): | 32,124 | 37,844 | 25,371 | 35,663 | 72,634 | (33,949) | ||
| Interest and debt expense | (2,217) | (1,992) | (2,173) | (2,096) | (1,864) | (1,853) | ||
| Income (loss) from continuing operations before income taxes: | 29,907 | 35,852 | 23,198 | 33,567 | 70,770 | (35,802) | ||
| Income tax expense (benefit) | (6,353) | (12,545) | 2,952 | (9,989) | (27,181) | 9,650 | ||
| Income (loss) from continuing operations: | 23,554 | 23,307 | 26,150 | 23,578 | 43,589 | (26,152) | ||
| Income (loss) before gain (loss) on sale of properties: | 23,554 | 23,307 | 26,150 | 23,578 | 43,589 | (26,152) | ||
| Net income (loss): | 23,554 | 23,307 | 26,150 | 23,578 | 43,589 | (26,152) | ||
| Net income attributable to noncontrolling interest | 6 | 3 | 4 | 3 | 10 | 7 | ||
| Net income (loss) available to common stockholders, diluted: | 23,560 | 23,310 | 26,154 | 23,581 | 43,599 | (26,145) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 23,554 | 23,307 | 26,150 | 23,578 | 43,589 | (26,152) | ||
| Other comprehensive income (loss) | 2,872 | (15,944) | (71,759) | 4,990 | 11,554 | 16,032 | ||
| Comprehensive income (loss): | 26,426 | 7,363 | (45,609) | 28,568 | 55,143 | (10,120) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 6 | 3 | 4 | 3 | 10 | 7 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 26,432 | 7,366 | (45,605) | 28,571 | 55,153 | (10,113) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.