Triple-S Salud aims to serve individual entrepreneurs in Puerto Rico
December 7, 2017
Triple-S Salud is betting on the growth of entrepreneurship in Puerto Rico and has developed a strategy to serve the health needs of this group that includes digital tools to buy an individual plan online, as well as new benefits that sets them apart from the competition, the company announced.
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HIMA-San Pablo re-enters MMM network, expanding health services
December 1, 2017
The HIMA-San Pablo hospital system has re-entered the MMM Healthcare provider network, to offer healthcare services at its facilities in Caguas, Humacao, Fajardo and Cupey, executives representing both companies announced.
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A.M. Best revises issuer credit rating outlook to negative for TOLIC
November 23, 2017
Insurance credit agency A.M. Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of Puerto Rioc’s Trans-Oceanic Life Insurance Company. The outlook of the FSR remains stable.
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Triple-S reports $21.9M in net income for 3Q17
November 10, 2017
Triple-S Management Corp. announced third quarter 2017 results Thursday, confirming net income of $21.9 million, or $0.91 per diluted share, versus a net loss of $1.9 million, or $0.08 per diluted share, in the prior-year period.
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Storms deal $10.8M net loss to First BanCorp. in 3Q17
November 8, 2017
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported a net loss of $10.8 million for the third quarter of 2017 compared to net income of $24.1 million for the third quarter of 2016.
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Popular Inc. loses $75.5M in 3Q17 due to hurricanes
November 1, 2017
Popular Inc. reported a net income of $20.7 million for the third quarter ended Sept 30, 2017, compared to a net income of $96.2 million for the quarter ended June 30, 2017.
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‘After yrs of worrying about it, PR has finally hit bottom’
October 26, 2017
The impact of the back-to-back hurricanes — Irma and María — on the island has pushed Puerto Rico to “finally hit bottom,” said José Rafael Fernández, CEO of Oriental Financial Group Wednesday, upon announcing the bank’s third quarter results.
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Popular Community Bank unveils Popular Private Client
October 23, 2017
Popular Community Bank, the principal U.S. mainland operating subsidiary of Popular Inc., announced the official launch of its private banking division, Popular Private Client.
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Bankers Assoc.: 57% of PR bank branches operational
October 9, 2017
More than half, or 57 percent of Puerto Rico’s bank branches islandwide are offering services, Puerto Rico Bankers Association Executive VP Zoimé Álvarez-Rubio said.
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Triple-S reports $12.7M in net income for 2Q17
August 9, 2017
Triple-S Management Corp. announced Tuesday consolidated revenues of $745.9 million and net income of $12.7 million, or $0.52 per diluted share, versus net income of $3.9 million, or $0.16 per diluted share for the same second quarter of 2016.
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First BanCorp reports $28M in net income for 2Q17
July 31, 2017
First BanCorp. reported net income of $28 million for the second quarter of 2017, or $0.13 per diluted share, compared to $25.5 million, or $0.11 per diluted share, for the first quarter of 2017 and $22 million, or $0.10 per diluted share, for the second quarter of 2016.
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Popular reports $96.2M in 2Q17 income
July 27, 2017
Popular Inc. reported a net income of $96.2 million for the quarter ended June 30, 2017, up .08 percent compared to a net income of $88.9 million for the same year-ago quarter
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Oriental: Uncertainty looms about PR debt restructuring
July 24, 2017
Upon releasing second quarter results, Oriental Financial Group President José Rafael Fernández said despite solid performance, there is a “great deal of uncertainty” moving forward about the economic impact from Puerto Rico’s fiscal restructuring.
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Popular launches effort to boost personal loans
July 13, 2017
With the goal of offering customers a solution to their current financial situation, Popular announced the start of its new personal loans campaign, under the slogan “Consolidate with a personal loan,” expanding on the benefits of this solution.
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Triple-S agrees to extend Medicaid contract to Sept. 30
July 6, 2017
Triple-S Management Corporation announced Wednesday its subsidiary, Triple-S Salud Inc., has agreed to extend its contract with the Puerto Rico Health Insurance Administration for the provision of health services in the Metro North and West regions of the government's health insurance program, to Sept. 30, 2017.
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