Triple-S Management: 2Q Earnings Snapshot
SAN JUAN, Puerto Rico (AP) _ Triple-S Management Corp. (GTS) on Thursday reported second-quarter net income of $30.9 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 $1.35 per share. Earnings, adjusted for non-recurring gains, came to $1.12 per share.
The insurance services provider posted revenue of $886 million in the period. Its adjusted revenue was $878.6 million.
Triple-S Management expects full-year earnings in the range of $2.40 to $2.60 per share, with revenue in the range of $3.29 billion to $3.33 billion.
Triple-S Management shares have climbed 35% since the beginning of the year. The stock has decreased slightly more than 4% in the last 12 months.