Triple-S Management Corp. (NYSE-Listed GTS) visits the NYSE. In honor of the occasion, Chief Executive Officer Ramon Ruiz-Comas rings The Opening BellSM.
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About Triple-S Management Corp.
San Juan, PR-based Triple-S Management Corp. (NYSE: GTS) is Puerto Rico’s exclusive Blue Shield licensee, and the largest managed care company in Puerto Rico. The company, founded in 1959, was the first insurance company on the island to go public (December 2007, with the largest IPO in Puerto Rico’s history) and is positioned to enter to mainland U.S. market with commercial, Medicaid and Medicare Advantage products, with a particular focus on Hispanic populations (currently 14 percent—and growing--of the overall U.S. population).
Because of this growth, Triple-S believes that there are growing needs for culturally competent healthcare programs and Spanish-speaking service representatives. The company is specifically looking at areas with large concentrations of Hispanic populations, entering these areas through acquisitions, joint ventures or with other Blue Cross Blue Shield plans. Triple-S’ diversified product offering portfolio includes supplemental and complementary businesses in life and property and casualty insurance.
With 1 million members, or 25 percent of the island's population, the company is the number one provider of life insurance in Puerto Rico and is the fourth largest provider of Property and Casualty insurance. Triple-S’ provider network totals 16,400 locations.
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