Triple-S Management: 3Q Earnings Snapshot

SAN JUAN, Puerto Rico — According to the Associated Press, Triple-S Management Corp. (GTS) on Thursday reported third-quarter net income of $13.9 million, after reporting a loss in the same period a year earlier. The San Juan, Puerto Rico-based company said it had net income of 58 cents per share. Earnings, adjusted for investment gains, came to 51 cents per share. The insurance services provider posted revenue of $838.8 million in the period. Its adjusted revenue was $836 million. Triple-S Management expects full-year earnings in the range of $2.50 to $2.70 per share. Triple-S Management shares have decreased slightly more than 5% since the beginning of the year. The stock has decreased 14% in the last 12 months.