Navigation Links
Triple-S Management Corporation Reports 2008 Results at High End of Guidance Range
Date:2/19/2009

vities amounted to $3.0 million. This is mainly due to the fact that in December 2007 the Company collected $22.8 million in managed care premiums related to revenues for January 2008. In addition, premiums receivable for the managed care segment as of December 31, 2008 increased by approximately $41.1 million, mostly from the Government of Puerto Rico and its instrumentalities. Excluding both situations, cash flow from operations would have been $60.9 million.

As of December 31, 2008, Triple-S Management had $58.5 million in parent company cash, cash equivalents, and investments.

Fourth-Quarter Highlights

For the three months ended December 31, 2008, consolidated operating revenues rose 15.4 percent to $460.2 million, principally due to growth in the managed care segment. Consolidated claims incurred and operating expenses for the quarter were $431.2 million, an increase of 15.8 percent from a year ago. Consolidated claims incurred were up $55.9 million, or 18.1 percent, principally due to increased claims in the managed care segment driven by higher enrollment and utilization trends, particularly in the Medicare Advantage business and to a lesser degree in the Commercial business. The consolidated loss ratio rose 240 basis points from the year-ago period, to 83.1 percent, primarily reflecting higher utilization trends in the managed care segment. "While the loss ratio was up from the prior year, this metric did, as anticipated, improve 130 basis points sequentially, largely due to seasonality," noted Ruiz-Comas. The consolidated operating expense ratio improved 170 basis points to 15.0 percent in 2008 mainly due to a scalable infrastructure that enabled the Company to manage the aforementioned volume increase.

The consolidated net realized investment loss during the three months ended December 31, 2008 was $11.7 million. The loss resulted from the recognition of a non-cash charge to
'/>"/>

SOURCE Triple-S Management Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Related medicine news :

1. Triple-S Management Corporation Announces Full Exercise of Underwriters Over-Allotment Option
2. Triple-S Management Corporation to Present at UBS Global Healthcare Conference
3. Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EPS for 2007
4. Triple-S Management Corporation Schedules First-Quarter Earnings Release and Webcast
5. Triple-S Management Corporation Reports First Quarter 2008 Results; Cites Growth Resulting From Strong Market Position
6. Triple-S Management Corporation Schedules Second-Quarter Earnings Release and Webcast
7. Triple-S Management Corporation Reports Third Quarter 2008 Results; Board Approves Share Repurchase Authorization of up to $40 Million
8. Triple-S Management Corporation to Present at Credit Suisse 2008 Healthcare Conference
9. Triple-S Management Corporation Signs Letter of Intent to Acquire Managed Care Portfolio of La Cruz Azul de Puerto Rico, Inc.
10. Triple-S Management Corporation Announces Conversion of Class A Shares and Commencement of Class B Stock Repurchase Program
11. Triple-S Management Corporation Schedules Fourth-Quarter and Year-End Earnings Release and Webcast
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2015)... MT (PRWEB) May 04, 2015 New ... with Care to Care, LLC to manage outpatient advanced ... help New West Medicare ensure its members are provided ... unnecessary radiation. , Working closely with New West Medicare’s ... promoting the safe use of advanced imaging and provide ...
(Date:5/4/2015)... Sylvia Hawthorn-Deppen shared her experiences living with ... others in similar situations that they were not alone, in ... Discovery of New Energy” (published by Balboa Press). This year ... renewed press campaign. , “I have spent nearly 60 years ... says. “As an adolescent I got into trouble with an ...
(Date:5/4/2015)... Angeles, CA (PRWEB) May 04, 2015 ... Hinds, Eric Gladen’s documentary Trace Amounts, and Allison Folmar, ... annual autism conference held internationally. , On Sunday, May ... Is recovery from autism possible?" Are you interested in ... You’re In There: winning our war against autism ...
(Date:5/4/2015)... Angeles, California (PRWEB) May 04, 2015 ... a physician practice management firm in Los Angeles ... announced today the patent-pending status of The Sara Soulati ... by Soulati in 2010, is a lifestyle modification and ... in April 2015 to the U. S. Patents and ...
(Date:5/3/2015)... CA (PRWEB) May 03, 2015 Leading ... (CFHI), announced it will be awarding the 2015 Harris ... Knight and Selemawit Ghebrendrias, are the deserving recipients of ... for global service, Harris Llewellyn Wofford. The two recipients ... and passion for global health. , CFHI is ...
Breaking Medicine News(10 mins):Health News:New West Medicare Partners with Care to Care, LLC to Manage Advanced Imaging Services 2Health News:Author launches new press campaign for 2012 book ‘Wheel’ 2Health News:Perhaps the most important information families touched by autism will ever hear is available this month at international conference in Chicago 2Health News:Perhaps the most important information families touched by autism will ever hear is available this month at international conference in Chicago 3Health News:Perhaps the most important information families touched by autism will ever hear is available this month at international conference in Chicago 4Health News:CEO Sara Soulati Announces Patent-Pending Designation For The Sara Soulati Health For Life Program 2Health News:SF-based Global Health Non-Profit Awards Harris Wofford Global Service Fellowship 2Health News:SF-based Global Health Non-Profit Awards Harris Wofford Global Service Fellowship 3
... by researchers at the Center for Injury Research and ... in emergency departments among children and adolescents between the ... According to the study, more than 4 million basketball-related ... study. While the number of injuries decreased 22 percent ...
... is the most common eye disorder in the world ... its genetic underpinnings. Scientists at Duke University Medical ... a gene associated with myopia in Caucasian people from ... Their work was published in Nature ...
... becomes riddled with clumps of protein, forming what are known as ... issue of Cell appears to have found a function ... prime ingredient in those plaques. It turns out that ... iron from an unsafe form to a safe one for transport ...
... September 10, 2010 (Toronto) Mental illness is ... condition, costing the Canadian economy $51 billion annually in lost ... the Centre for Addiction and Mental Health (CAMH) have calculated ... on average it,s double the cost of a leave for ...
... Researchers at New York University,s Center for Neural Science ... "lazy eye." Their findings, which appear in the most ... shed additional light on how amblyopia results from disrupted ... Amblyopia results from developmental problems in the brain. ...
... to assist the unemployed are failing job seekers with disabilities, ... of the Center for Research on Learning at the University ... Career Development Quarterly , shows two major federal programs ... recipients to find employment within two years, and the Workforce ...
Cached Medicine News:Health News:National study finds 70 percent increase in basketball-related traumatic brain injuries 2Health News:Gene discovery could yield treatments for nearsightedness 2Health News:Function found for Alzheimer's protein 2Health News:Mental health leaves most costly disability to Canadian employers 2Health News:NYU researchers identify new neurological deficit behind lazy eye 2Health News:Research shows unemployment programs lacking for people with disabilities 2
(Date:5/1/2015)... , May 1, 2015 Hitachi Chemical Diagnostics, ... States launch of the ExoComplete™ 96-Well Plate ... easy system for exosome collection to mRNA purification.  The ... Vesicles ("ISEV") Annual Meeting, April 23 – 26, 2015, ... are intended for research use only of molecular biology ...
(Date:5/1/2015)... 2015 Research and Markets ( http://www.researchandmarkets.com/research/63gppw/asian_dermatology ) ... Market by Type, by End User - Forecast to 2019" ... Devices market is estimated to grow at a CAGR of ... holds a larger share in the Dermatology devices market around ... The Asian Dermatology Devices market holds a high potential for ...
(Date:5/1/2015)... --  Heska Corporation (NASDAQ: HSKA - ... advanced veterinary diagnostic and other specialty veterinary products , today ... at the 16th Annual B. Riley & Co. Investor Conference ... will be held May 12-14, 2015 at Lowes Hollywood Hotel, ... be available during the day on May 13 for one-on-one ...
Breaking Medicine Technology:New Products for Exosome Isolation to mRNA Purification 2Asian Dermatology Devices (Treatment & Diagnostic) Market by Type, by End User - Forecast to 2019 2Asian Dermatology Devices (Treatment & Diagnostic) Market by Type, by End User - Forecast to 2019 3Heska to Present at the 16th Annual B. Riley & Co. Investor Conference 2
... Pharmaceuticals Inc. (NASDAQ: VNDA ) announced ... Vanda,s sublicensor Novartis Pharma AG, has initiated a ... depot) formulation of Fanapt® (iloperidone).  This is a ... and pharmacokinetic profiles of two different long-acting formulations ...
... Noverca – the first and currently only Italian ,Full ... presence in the Health and Wellness Sector . ... has been developed and launched thanks to the long-term ... o verca) and Fatebenefratelli Hospital. Davide ...
Cached Medicine Technology:Vanda Pharmaceuticals Announces Commencement of Clinical Study of Long-Acting Injectable Formulation of Fanapt® 2Vanda Pharmaceuticals Announces Commencement of Clinical Study of Long-Acting Injectable Formulation of Fanapt® 3EXTENDED HEALTH: Noverca Enters the World of Healthcare 2
Sharp tip with cutting edge bent to 45 degrees. Fits 19 gauge or 20 gauge instrument port. 21 gauge x 25 mm. 10 per box....
80 inch PVC tubing with connectors and 19 gauge straight, beveled cannula. Fits Bausch & Lomb Surgical cassettes. Allows the safe removal of silicone oil in 10 minutes or less. 3/Box...
Angled, cannula with 32 gauge tip, 4 mm long, angled 65 degrees 1 mm from tip. 10 per box....
Accommodates either eye. Slotted, malleable aluminum surface. Correct size holes produce ideal pin hole effect. Packaged 50 per box....
Medicine Products: