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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments515397397199103198
Cash and cash equivalents111110118199103198
Short-term investments404288279   
Receivables1229179615345
Total current assets:638488476260156243
Noncurrent Assets
Operating lease, right-of-use asset1310
Property, plant and equipment1328982756674
Intangible assets, net (including goodwill)292925252532
Goodwill292925252525
Intangible assets, net (excluding goodwill)     7
Deferred income tax assets12077
Total noncurrent assets:29320510710092106
Other undisclosed assets2,1582,1262,1772,7571,9711,857
TOTAL ASSETS:3,0882,8192,7603,1172,2192,206
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3054    
Total current liabilities:3054    
Noncurrent Liabilities
Liabilities, other than long-term debt1510    
Deferred income tax liabilities1510
Total noncurrent liabilities:1510    
Other undisclosed liabilities2,0761,8111,9392,2041,3571,359
Total liabilities:2,1211,8761,9392,2041,3571,359
Stockholders' equity
Stockholders' equity attributable to parent, including:968944822913863848
Common stock23     
Additional paid in capital576134536683
Accumulated other comprehensive income (loss)(10)293514226
Retained earnings897830762785731713
Other undisclosed stockholders' equity attributable to parent 2423242425
Stockholders' equity attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)
Total stockholders' equity:968943821913862847
TOTAL LIABILITIES AND EQUITY:3,0882,8192,7603,1172,2192,206

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,7023,3762,9962,9162,9852,903
Premiums earned, net3,6053,2532,939
Financial services revenue2,8432,9082,783
Cost of revenue(2,947)(2,666)(2,528)(2,353)(2,472)(2,319)
Policyholder benefits and claims incurred, net(2,947)(2,666)(2,528)
Financial services costs(2,353)(2,472)(2,319)
Gross profit:756709468563513584
Operating expenses(656)(569)(555)(477)(494)(519)
Operating income (loss):100140(86)861965
Interest and debt expense(8)(8)(7)(7)(8)(8)
Income (loss) from continuing operations before equity method investments, income taxes:92132(93)791157
Other undisclosed loss from continuing operations before income taxes    (16)(18)
Income (loss) from continuing operations before income taxes:92132(93)79(5)39
Income tax expense (benefit)(25)(39)30(24)6(5)
Income (loss) before gain (loss) on sale of properties:6793(63)54134
Other undisclosed net income    1618
Net income (loss):6793(63)541752
Net income attributable to noncontrolling interest00000 
Other undisclosed net income attributable to parent     0
Net income (loss) available to common stockholders, diluted:6793(63)541752

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):6793(63)541752
Other comprehensive income (loss)(39)26(8)917(23)
Comprehensive income (loss):28119(72)633429
Comprehensive income, net of tax, attributable to noncontrolling interest000000
Comprehensive income (loss), net of tax, attributable to parent:28119(72)633429

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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