TRIPLE-S MANAGEMENT CORP GTS Income Statement

Triple-s management corp (GTS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Premiums, net
875,897	810,364	815,021	859,493	768,002	702,342	742,445	741,770	752,034	687,443	714,325	722,891	702,273	701,871	721,187	729,049	738,534	749,771	746,718	754,107	532,558	522,213	520,766	543,735	541,852	549,165	547,874	556,035	549,961	558,197	565,607	582,246	547,304	533,983	525,371	509,843	485,271	496,511	502,761
Administrative service fees
2,194	2,251	2,607	2,456	2,632	3,485	3,802	4,066	3,348	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Administrative service fees
-	-	-	-	-	-	-	-	-	-	-	-	4,379	-	4,146	4,520	5,083	-	6,163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Administrative service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,549	29,123	-	30,253	29,506	29,750	30,577	22,450	28,543	27,110	27,637	27,181	27,768	27,524	19,692	5,210	6,962	6,595	10,195	12,166
Net investment income
14,311	16,393	15,176	15,062	15,376	16,279	16,168	15,707	13,755	14,506	12,395	12,698	12,016	12,343	12,337	12,875	11,358	12,640	10,618	10,998	10,918	12,226	11,816	12,147	11,351	12,539	11,363	12,019	11,367	12,441	11,595	11,562	11,192	11,713	12,061	12,654	11,798	12,794	12,671
Other operating revenues
4,039	2,218	3,167	1,591	1,577	1,560	1,575	1,588	1,071	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating revenues
-	-	-	-	-	-	-	-	-	-	-	-	965	-	871	915	812	1,063	862	641	1,153	949	939	850	1,494	1,140	1,239	1,212	1,187	998	1,206	1,105	1,047	0	0	0	0	-	-
Aggregate revenue from operations recognized during the period (composed from insurance premiums earned, net, administrative service fees and net investment income).
896,441	831,226	835,971	878,602	787,587	723,666	763,990	763,131	770,208	706,778	731,052	741,258	719,633	719,171	738,541	747,359	755,787	768,344	764,361	770,295	573,752	565,181	563,774	586,238	584,447	593,421	582,926	597,809	589,625	599,273	605,589	622,681	587,067	565,388	542,642	529,459	503,664	519,500	527,598
Net realized investment gains (losses):
Total other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,434	-	-	1,627	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,660	1,202	-	0	462	0	-	0	0	-	-	-	-	-	-	-	-	-	316	761
Net realized gains, excluding other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,376	2,954	-	4,405	66	12,267	7,415	11,777	3,108	4,390	126	-	-144	1,661	-	-	-	-	-	-	-	-	-	3	2,194
Net realized investment (losses) gains
-466	1,077	1,087	2,364	1,315	-767	-956	-921	2,942	2,688	3,753	4,054	336	10,425	5,376	1,520	58	3,682	-1,561	10,607	6,213	11,069	3,108	3,928	126	-818	-144	1,661	1,888	3,040	21	458	1,678	140	5,569	6,995	5,893	-313	1,433
Net unrealized losses (gains) on equity investments
-56,806	7,892	1,267	3,323	19,669	-25,203	5,632	-776	-16,199	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized investment loss on trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6,007	-119	-1,141	4,611	-6,010
Other income, net
3,605	847	485	1,705	1,169	7,712	1,943	494	1,163	12	3,409	587	2,525	1,101	734	3,859	875	1,912	2,289	1,083	1,759	1,055	367	575	246	485	13,931	366	481	682	598	-154	1,070	405	-169	466	14	576	-324
Total revenues
842,774	841,042	838,810	885,994	809,740	705,408	770,609	761,928	758,114	709,478	738,214	745,899	722,494	730,697	744,651	752,738	756,720	773,938	765,089	781,985	581,724	577,305	567,249	590,741	584,819	593,088	596,713	599,836	591,994	602,995	606,208	622,985	589,815	565,933	542,035	536,801	508,430	524,374	522,697
Benefits and expenses:
Claims incurred
714,522	656,752	680,010	706,304	623,190	567,906	648,580	692,138	618,989	537,316	583,625	611,297	620,863	594,241	629,169	622,087	626,694	613,478	634,909	637,898	432,430	435,994	433,853	428,641	449,107	466,951	456,432	460,818	452,000	462,471	485,495	496,249	475,644	443,341	442,399	427,941	402,573	421,514	424,838
Operating expenses
162,201	165,777	136,882	134,084	132,663	145,943	141,026	134,612	133,134	128,402	119,145	118,720	110,946	126,396	123,406	121,112	122,980	138,635	125,887	126,824	127,375	127,202	121,036	123,589	125,367	126,923	116,156	120,225	114,865	115,795	104,604	102,268	102,506	95,374	83,623	85,882	82,711	74,111	76,720
The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs but excluding interest expense.
876,723	822,529	816,892	840,388	755,853	713,849	789,606	826,750	752,123	665,718	702,770	730,017	731,809	720,637	752,575	743,199	749,674	752,113	760,796	764,722	559,805	563,196	554,889	552,230	574,474	593,874	572,588	581,043	566,865	578,266	590,099	598,517	578,150	538,715	526,022	513,823	485,284	495,625	501,558
Interest expense
1,853	1,991	2,062	1,831	1,788	1,388	2,000	1,825	1,690	1,678	1,709	1,721	1,686	1,906	1,893	1,954	1,882	1,934	1,979	2,074	2,182	2,300	2,273	2,396	2,305	2,285	2,379	2,426	2,384	2,418	2,956	2,667	2,558	2,272	2,499	2,957	3,127	3,026	3,372
Total benefits and expenses
878,576	824,520	818,954	842,219	757,641	715,237	791,606	828,575	753,813	667,396	704,479	731,738	733,495	722,543	754,468	745,153	751,556	754,047	762,775	766,796	561,987	565,496	557,162	554,626	576,779	596,159	574,967	583,469	569,249	580,684	593,055	601,184	580,708	540,987	528,521	516,780	488,411	498,651	504,930
(Loss) income before taxes
-35,802	16,522	19,856	43,775	52,099	-9,829	-20,997	-66,647	4,301	42,082	33,735	14,161	-11,001	8,154	-9,817	7,585	5,164	19,891	2,314	15,189	19,737	11,809	10,087	36,115	8,040	-3,071	21,746	16,367	22,745	22,311	13,153	21,801	9,107	24,946	13,514	20,021	20,019	25,723	17,767
Current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,636	3,768	5,463	5,278	1,344	3,744	3,028	3,439	1,161	2,147	-153	6,040	4,877
Deferred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,494	-7,479	99	-668	126	1,041	-1,421	2,540	740	788	9,802	-805	-2,167
Income tax (benefit) expense
-9,650	3,300	5,910	12,849	17,316	1,078	-3,430	-27,901	387	17,874	11,824	1,456	-6,658	-3,888	-7,873	3,707	1,709	5,730	-1,850	-3,712	4,931	-14,460	5,432	8,662	1,111	-2,712	3,142	-3,711	5,562	4,610	1,470	4,785	1,607	5,979	1,901	2,935	9,649	5,235	2,710
Net (loss) income
-26,152	13,222	13,946	30,926	34,783	-10,907	-17,567	-38,746	3,914	24,208	21,911	12,705	-4,343	12,042	-1,944	3,878	3,455	14,161	4,164	18,901	14,806	26,269	4,655	27,453	6,929	-359	18,604	20,078	17,183	17,701	11,683	17,016	7,500	18,967	11,613	17,086	10,370	-	-
Less: Net loss attributable to non-controlling interest
-7	-7	-2	-5	-3	-5	0	1	0	-3	-1	0	-1	-1	-3	-2	-1	-4	-30	-25	-30	-237	-68	-23	-26	-262	-37	-64	-55	-67	-32	-19	-14	0	0	0	0	-	-
Net (loss) income attributable to Triple-S Management Corporation
-26,145	13,229	13,948	30,931	34,786	-10,902	-17,567	-38,747	3,914	24,211	21,912	12,705	-4,342	12,043	-1,941	3,880	3,456	14,165	4,194	18,926	14,836	26,506	4,723	27,476	6,955	-97	18,641	20,142	17,238	17,768	11,715	17,035	7,514	18,967	11,613	17,086	10,370	20,488	15,057
Net (Loss) Income Available to Stockholders and Net (Loss) Income per Share
Basic net (loss) income per share attributable to TSM (in dollars per share)
-1.12	0.51	0.59	1.35	1.53	-0.48	-0.77	-1.68	0.17	-	-	0.52	-0.18	0.49	-0.08	0.16	0.14	0.57	0.17	0.73	0.56	0.98	0.17	1.01	0.26	0.01	0.68	0.72	0.61	0.63	0.41	0.60	0.27	0.67	0.40	0.59	0.36	0.70	0.52
Diluted net (loss) income per share attributable to TSM (in dollars per share)
-1.12	0.52	0.58	1.35	1.52	-0.48	-0.77	-1.68	0.17	-	-	0.52	-0.18	0.49	-0.08	0.16	0.14	0.57	0.16	0.73	0.56	0.98	0.17	1.01	0.25	0.00	0.68	0.72	0.61	0.63	0.41	0.60	0.26	0.66	0.40	0.59	0.36	0.70	0.51