Triple-S Management Corporation (GTS) financial statements (2022 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 515397397199103
Cash and cash equivalents 111110118199103
Short-term investments 404288279  
Receivables 12291796153
Total current assets: 638488476260156
Noncurrent Assets
Operating lease, right-of-use asset 1310
Property, plant and equipment 13289827566
Intangible assets, net (including goodwill) 2929252525
Goodwill 2929252525
Deferred income tax assets 12077
Total noncurrent assets: 29320510710092
Other undisclosed assets 2,1582,1262,1772,7571,971
TOTAL ASSETS: 3,0882,8192,7603,1172,219
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 3054   
Total current liabilities: 3054   
Noncurrent Liabilities
Liabilities, other than long-term debt 1510   
Deferred income tax liabilities 1510
Total noncurrent liabilities: 1510   
Other undisclosed liabilities 2,0761,8111,9392,2041,357
Total liabilities: 2,1211,8761,9392,2041,357
Stockholders' equity
Stockholders' equity attributable to parent, including: 968944822913863
Common stock 23    
Additional paid in capital 5761345366
Accumulated other comprehensive income (loss) (10)2935142
Retained earnings 897830762785731
Other undisclosed stockholders' equity attributable to parent  24232424
Stockholders' equity attributable to noncontrolling interest (1)(1)(1)(1)(1)
Total stockholders' equity: 968943821913862
TOTAL LIABILITIES AND EQUITY: 3,0882,8192,7603,1172,219

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 3,7023,3762,9962,9162,985
Premiums earned, net 3,6053,2532,939
Financial services revenue2,8432,908
Cost of revenue (2,947)(2,666)(2,528)(2,353)(2,472)
Policyholder benefits and claims incurred, net (2,947)(2,666)(2,528)
Financial services costs(2,353)(2,472)
Gross profit: 756709468563513
Operating expenses (656)(569)(555)(477)(494)
Operating income (loss): 100140(86)8619
Interest and debt expense (8)(8)(7)(7)(8)
Income (loss) from continuing operations before equity method investments, income taxes: 92132(93)7911
Other undisclosed loss from continuing operations before income taxes     (16)
Income (loss) from continuing operations before income taxes: 92132(93)79(5)
Income tax expense (benefit) (25)(39)30(24)6
Income (loss) before gain (loss) on sale of properties: 6793(63)541
Other undisclosed net income     16
Net income (loss): 6793(63)5417
Net income attributable to noncontrolling interest 00000
Net income (loss) available to common stockholders, diluted: 6793(63)5417

Comprehensive Income ($ in millions)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 6793(63)5417
Other comprehensive income (loss) (39)26(8)917
Comprehensive income (loss): 28119(72)6334
Comprehensive income, net of tax, attributable to noncontrolling interest 00000
Comprehensive income (loss), net of tax, attributable to parent: 28119(72)6334

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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