Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EP...(e 2.5 2.1 19.0% 10.7...),Health
e 2.5 2.1 19.0% 10.7 11.2 (4.5%)
Property and
Casualty 4.2 3.3 27.3% 10.7 11.3 (5.3%)
Other 1.5 0.1 1400.0% 4.7 5.3 (11.3%)
Total operating
income $26.2 17.8 47.2% $83.5 73.3 13.9%
Operating margin:
Managed Care 5.3% 3.9% 140 bp 4.3% 3.3% 100 bp
Life Insurance 9.5% 8.2% 130 bp 10.3% 11.1% -80 bp
Property and
Casualty 15.4% 14.7% 70 bp 11.1% 12.7% -160 bp
Managed Care Results Summary
Total medical premiums earned for 2007 were $1.30 billion, down 2.8 percent versus 2006, primarily due to the termination of the Metro-North Region contract, partially offset by higher Medicare Advantage member enrollment and rate increases.
Medical premiums earned in the Reform business decreased by $128.4 million, or 28.2 percent, to $327.5 million during the year, mainly due to the termination of the Metro-North Region contract, offset by rate increases of 7.7 percent in 2007. Excluding the Metro-North Region, medical revenues for the remaining two regions increased $33.2 million or 11.3 percent.
Medical premiums earned in the Medicare business increased by $84.8 million, or 49.6 percent. This reflected an increase in member month's enrollment of 92,322, or an increase of 20.0 percent, and higher average per member per month premiums.
Medical premiums earned in the Commercial business increased by $5.6 million, or 0.8 percent, to $718.7 million during the year. Increase is due to the net effect of an increase in rates of approximately 5 percent and a decrease in member month's enrollment of 289,007 or 5.5 percent.
Medical claims incurred decreased by $40.4 million, or 3.4 percent, to
$1.13 billion largely driven by the lower MLR and a decrease in the volume
of Reform
'/>"/>
| SOURCE Triple-S Management Corporation Copyright©2008 PR Newswire. All rights reserved |
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. Case Management Cost-Effective Way to Cut Heart Risks
4. S.C. BlueCross to Integrate Care Management with Personal Health Record in Real Time
5. Marlabs in the Top 10 BPO Healthcare Revenue Cycle Management Companies
6. Painless Hemorrhoid Treatment Adds Management Punch
7. HealthFitness CEO Supports Move Toward Cultural Shift, and Science-Based Health Management Programming
8. Judge Rules That Florida Disease Management Program Serving 8,000 HIV/AIDS Patients Should Be Re-bid, Says AIDS Healthcare Foundation
9. Standard Management Announces OTCBB Listing
10. MDS Pharma Services Wins Award for Management of Global Malaria Trial
11. AWT Management Announce Aggressive Growth and Acquisition Strategy
| Copyright © 2003-2009 Bio-Medicine. All rights reserved. ABOUT | CONTACT US | DISCLAIMER | PRIVACY POLICY | TERMS AND CONDITIONS |  |