Suvarna Garge (Editor)

Triple S Management Corporation

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Type
  
Public

Industry
  
Finance and Insurance

CEO
  
Roberto García-Rodríguez

Traded as
  
NYSE: GTS

Headquarters
  
San Juan, Puerto Rico

Chief medical officer
  
Dr. José E. Novoa-Loyola

Triple-S Management Corporation httpswwwsssprcomwpcontentthemestriplessa

Founded
  
San Juan, Puerto Rico; 1959

Key people
  
Roberto García-Rodríguez, Esq. President & CEO

Products
  
Insurance Medical insurance Life insurance Property insurance

Stock price
  
GTS (NYSE) US$ 16.73 +0.13 (+0.78%)24 Mar, 4:02 PM GMT-4 - Disclaimer

Chief information officer
  
Juan José Díaz-Goitía (Triserve Tech)

Profiles

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. Listed in the NYSE as GTS, Its headquarters are located at 1441 Franklin D. Roosevelt Ave., in the San Patricio section of San Juan.

Contents

Triple-S is the leading managed care company in Puerto Rico. With over one million customers, in addition to its core managed care business, TSM operates two complementary businesses in life, and property and casualty insurance. Founded in 1959, it has become the largest medical insurance provider in Puerto Rico thanks to its licensed affiliation with the Blue Cross and Blue Shield Association. Since 1965, Triple-S, Inc. has been an independent licensee of the Blue Cross and Blue Shield Association, holding the exclusive rights to the Blue Cross and Blue Shield name and trademark in Puerto Rico and the US Virgin Islands. Triple-S also has operations in Costa Rica as Blue Cross Blue Shield of Costa Rica. This provides its members with valuable access to the Blue Card network in the U.S. It is the only managed-care company that serves all market sectors, including Medicare, Medicaid, Group and Individual, in Puerto Rico and is one of the most recognized brands locally.

Stats

(by 2005)

  • Had over $1.137 billion in assets (2005)
  • Approx. 1,860 employees.
  • 28.4 million in net income (pg 8)
  • (by September 30, 2007)

  • 2,278 full-time employees and 301 temporary employees (pg 97)
  • 40.8 million in net income (pg 8)
  • (as of 2016)

  • Revenues – US$ 3.0 billion
  • Net income – US$17.4 million
  • Total Assets – US$ 2.2 billion
  • Employees – Approx. 3,350
  • Subsidiaries

  • Triple-S Salud, Inc. (ssspr.com) – Its main subsidiary, Triple-S Salud is dedicated to providing medical insurance to companies, organizations, governments, and individuals through its Commercial Program, as well as participating in the Puerto Rico Health Reform Program.
  • Triple-S Advantage (sssadvantage.com) - An independent licensee of the BlueCross BlueShield Association, offering a broad portfolio of Medicare Advantage products and services.
  • BCBS Costa Rica (bcbscostarica.com) – Licensee of the BlueCross BlueShield Association dedicated to provide medical insurance to individuals.
  • Triple-S Propiedad (ssspropiedad.com) - A property and casualty insurance company.
  • Triple-S Vida (sssvida.com) - A life and disability insurance and annuity products company.
  • Interactive Systems – Provides processing services to Triple-S Management Corporation and its subsidiaries.
  • Competitors (in Puerto Rico)

  • Humana
  • Puerto Rico Life Insurance Cooperative (Cooperativa de Seguro de Vida de Puerto Rico, or COSVI, in Spanish)
  • MCS
  • MMM
  • First Medical
  • Universal Insurance
  • MAPFRE
  • ASC
  • References

    Triple-S Management Corporation Wikipedia