GTS on NYSE

Triple-S Management Corporation

Insurance holding company based in San Juan, Puerto Rico

The Triple-S Management Corporation (TSM) —commonly known as Triple-S, or SSS— is an insurance holding company based in San Juan, Puerto Rico, which offers a wide range of insurance products and services in Puerto Rico through its wholly owned subsidiaries. Its headquarters are located at 1441 Franklin D. Roosevelt Ave., in the San Patricio section of San Juan.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1959Founded1

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  • TickerGTS on NYSE1
  • Industryinsurance industry1
  • HeadquartersSan Juan1
  • Founded inSan Juan1
  • Websitewww.ssspr.com
  • Incorporated inPR4
  • Business address1441 F.D. Roosevelt Ave., San Juan, Pr 009204
  • Filer categoryAccelerated filer4

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The Triple-S Management Corporation (TSM) —commonly known as Triple-S, or SSS— is an insurance holding company based in San Juan, Puerto Rico, which offers a wide range of insurance products and services in Puerto Rico through its wholly owned subsidiaries. Its headquarters are located at 1441 Franklin D. Roosevelt Ave., in the San Patricio section of San Juan.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

1.8%Net margin6
9.7%Revenue growth, 20206
6.9%Return on equity6
0.05×Debt to equity6
$200.0MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Other costs97¢$3.6B
  • Interest0¢$8.0M
  • Income tax1¢$24.6M
  • Profit2¢$67.2M

Out of $3.7B in revenue.6

Where each dollar of operating cash went, fiscal 2020

  • Capital spending22¢$57.9M
  • Share buybacks6¢$15.0M
  • Kept or used elsewhere72¢$185.0M

Out of $257.8M of cash from operations.6

Financial statements

Revenue789106$3.7B in 2020+60% since 2014
0$1.0B$2.0B$3.0B$4.0B2014: $2.3B$2.3B20142015: $2.9B$2.9B2015+25%2016: $3.0B$3.0B2016+3%2017: $2.9B$2.9B2017−2%2018: $3.0B$3.0B2018+3%2019: $3.4B$3.4B2019+13%2020: $3.7B$3.7B2020+10%
Net income789106$67.2M in 2020+2% since 2014
-$100.0M-$50.0M0$50.0M$100.0M2014: $65.7M$65.7M20142015: $52.1M$52.1M2015−21%2016: $17.4M$17.4M2016−67%2017: $54.5M$54.5M2017+212%2018: -$63.3M-$63.3M20182019: $92.9M$92.9M20192020: $67.2M$67.2M2020−28%
Fiscal year2014201520162017201820192020
Revenue$2.3B7$2.9B8$3.0B9$2.9B10$3.0B6$3.4B6$3.7B6
Interest$9.3M7$8.2M8$7.6M9$6.8M10$6.9M6$7.7M6$8.0M6
Income tax$745.0K7$5.1M8-$6.3M9$24.5M10-$29.9M6$39.4M6$24.6M6
Net income$65.7M7$52.1M8$17.4M9$54.5M10-$63.3M6$92.9M6$67.2M6
Earnings per share$2.427$2.038$0.719$2.2710-$2.766$3.986$2.906
Earnings per share (diluted)$2.417$2.028$0.719$2.2610-$2.766$3.976$2.886

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The story

1959: A group of physicians and dentists establish Seguros de Servicios de Salud. Among the members of the first board of directors was Ernesto Colón Yordán who was also one of the founders

1966: Triple-S, Inc. manages Medicare Part B in Puerto Rico once Medicare is created.

1984: Triple-S enters the life insurance market to complement its managed care offerings and creates Seguros de Vida Triple-S.

1988: As part of a diversification strategy, the company enters the property and casualty insurance market and establishes Seguros Triple-S.

1995: Triple-S is awarded a contract to provide services to the Puerto Rico Health Reform.

1999: Stockholders create Triple-S Management Corporation (TSM), a holding company, to facilitate the growth and diversification of the business.

2005: Triple-S, Inc. begins its participation in the Medicare Advantage segment.

2006: TSM acquires Great American Life Assurance Company of Puerto Rico (GA Life) and after its merger with Seguros de Vida Triple-S, it becomes Triple-S Vida, the leading life insurance company in Puerto Rico.

Read the full text

2007: TSM is the first Puerto Rican managed care company to become a public company trading its shares in the New York Stock Exchange, under the symbol GTS (Grupo Triple-S).

2009: Grupo Triple-S celebrates its 50th anniversary and renews its corporate identity. Triple-S Salud, Inc. completes the purchase of certain managed care assets of La Cruz Azul de Puerto Rico and is awarded the Blue Cross license, thereby becoming in the Blue Cross Blue Shield Association licensee of Puerto Rico and the US Virgin Islands.

2011: TSM acquires American Health Medicare, a Medicare Advantage services provider over 40,000 members.

2012: Triple-S Salud creates Blue Cross Blue Shield of the U.S. Virgin Islands and enters the USVI market to offer health insurance products to the commercial segment.

2013: Triple-S Salud is selected as administrator for all the regions of the Puerto Rico Government Health Plan. The corporation lays the foundation for its expansion to international markets through Triple-S Vida's acquisition of Atlantic Southern Insurance Company (ASICO), with headquarters in Puerto Rico and operations in the US Virgin Islands, British Virgin Islands, Anguilla and Costa Rica.

2014: ASICO is rebranded as Triple-S Blue and its expansion into Latin America starts with the launch of the BCBS Costa Rica brand. The brands of AHM and Triple-S Salud Medicare Advantage division are consolidated and rebranded as Triple-S Advantage

2015: The introduction to Cristina Bazán, Puerto Rico's highest grossing soap opera of all time, was reshot and used for a television commercial for Triple-S, 38 years after the success of the original. The advertisement was created by J. Walter Thompson for Triple-S, a health insurance company, to encourage Puerto Ricans to enroll in health plans.

2015: The introduction to Cristina Bazán, Puerto Rico's highest grossing soap opera of all time, was reshot and used for a television commercial for Triple-S, 38 years after the success of the original. The advertisement was created by J. Walter Thompson for Triple-S, a health insurance company, to encourage Puerto Ricans to enroll in health plans.

2022 - acquired by GuideWell

From Wikipedia’s article on Triple-S Management Corporation, shared under CC BY-SA 4.0.5

Leadership

Who has led Triple-S Management Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Comas Ramon M. Ruiz2007–2015
  2. Susan Rawlings2012–2013
  3. Carlos A. Carrero2013–2014
  4. Rodriguez Roberto Garcia2016–2022

President

  1. Arturo Carrion2006–2022
  2. Carlos Torres2006–2007
  3. Eva Salgado2006–2016
  4. Luis Marini2006–2007
  5. Roberto Morales2006–2007
  6. Socorro Rivas2006–2012
  7. Comas Ramon M. Ruiz2007–2015
  8. Iraida T. Ojeda-Castro2011–2018
  9. Susan Rawlings2012–2013
  10. Pablo Almodovar2012–2015
  11. Madeline Hernandez-Urquiza2014–2021
  12. Rodriguez Roberto Garcia2016–2022
  13. Amo Mojica Jose Del2017–2022
  14. Juan R. Serrano2022

Chief financial officer

  1. Jimenez Juan Jose Roman2006–2021
  2. Amilcar Jordan2012–2015
  3. Victor J. Haddock2021–2022

Chief operating officer

  1. Rodriguez Roberto Garcia2014–2015
197019801990200020102020
Board members and other officers (42)

Timeline

  1. Feb 24, 2016New chief executive Rodriguez Roberto Garcia becomes CEO12
  2. Oct 10, 2013New chief executive Carlos A. Carrero becomes CEO13
  3. Feb 13, 2012New chief executive Susan Rawlings becomes CEO14
  4. Dec 7, 2007Went public Listed on NYSE1
  5. May 8, 2007New chief executive Comas Ramon M. Ruiz becomes CEO15
  6. 1959Founded Founded in San Juan1

Filings

38 filings to the SEC since October 2021: 1 quarterly reports, 4 major events, 18 insider forms, 10 large holders, 5 other. The latest 20:

  1. Feb 10, 2023SC 13G/A EDGAR
  2. Feb 10, 2023SC 13G/A SEC SCHEDULE 13G EDGAR
  3. Mar 10, 2022SC 13G/A EDGAR
  4. Feb 11, 202215-12B CERTIFICATE AND NOTICE OF TERMINATION OF REGISTRATION EDGAR
  5. Feb 10, 2022SC 13G/A SCHEDULE 13G/A EDGAR
  6. Feb 9, 2022SC 13G/A EDGAR
  7. Feb 8, 2022SC 13G/A EDGAR
  8. Feb 8, 2022SC 13G/A SEC SCHEDULE 13G EDGAR
  9. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  10. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  11. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  12. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  13. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  14. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  15. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  16. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  17. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  18. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  19. Feb 3, 20224 FORM 4 SUBMISSION EDGAR
  20. Feb 3, 20224 FORM 4 SUBMISSION EDGAR

The 38 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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