Triple-S Management Corporation (GTS) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments397397199103198110
Cash and cash equivalents110118199103198110
Short-term investments288279    
Receivables917961534540
Total current assets:488476260156243150
Noncurrent Assets
Operating lease, right-of-use asset10
Property, plant and equipment898275667478
Intangible assets, net (including goodwill)292525253235
Goodwill292525252525
Intangible assets, net (excluding goodwill)    79
Regulated entity, other noncurrent assets     0
Deferred income tax assets77
Total noncurrent assets:20510710092106113
Other undisclosed assets2,1262,1772,7571,9711,8571,882
TOTAL ASSETS:2,8192,7603,1172,2192,2062,146
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 liabilities1,8111,9392,2041,3571,3591,288
Total liabilities:1,8761,9392,2041,3571,3591,288
Stockholders' equity
Stockholders' equity attributable to parent, including:944822913863848859
Additional paid in capital6134536683121
Accumulated other comprehensive income29351422649
Retained earnings830762785731713661
Other undisclosed stockholders' equity attributable to parent242324242527
Stockholders' equity attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)
Total stockholders' equity:943821913862847858
TOTAL LIABILITIES AND EQUITY:2,8192,7603,1172,2192,2062,146

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,3762,9962,9162,9852,9032,320
Premiums earned, net3,2532,939
Financial services revenue2,8432,9082,7832,224
Cost of revenue(2,666)(2,528)(2,353)(2,472)(2,319)(1,809)
Policyholder benefits and claims incurred, net(2,666)(2,528)
Financial services costs(2,353)(2,472)(2,319)(1,748)
Gross profit:709468563513584511
Operating expenses(569)(555)(477)(494)(519)(497)
Operating income (loss):140(86)86196514
Nonoperating income
(Investment Income, Nonoperating)
     19
Interest and debt expense(8)(7)(7)(8)(8)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes     42
Income (loss) from continuing operations before equity method investments, income taxes:132(93)79115766
Other undisclosed loss from continuing operations before income taxes   (16)(18)(11)
Income (loss) from continuing operations before income taxes:132(93)79(5)3955
Income tax expense (benefit)(39)30(24)6(5)(1)
Income (loss) before gain (loss) on sale of properties:93(63)5413454
Other undisclosed net income   161811
Net income (loss):93(63)54175265
Net income attributable to noncontrolling interest0000 0
Other undisclosed net income attributable to parent    0 
Net income (loss) available to common stockholders, diluted:93(63)54175266

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):93(63)54175265
Other comprehensive income (loss)26(8)917(23)17
Comprehensive income (loss):119(72)63342982
Comprehensive income, net of tax, attributable to noncontrolling interest000001
Other undisclosed comprehensive loss, net of tax, attributable to parent     (0)
Comprehensive income (loss), net of tax, attributable to parent:119(72)63342982

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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