Revenue during the quarter dropped 4.52 percent to $722.49 million from $756.72 million in the previous year period. Net premium earned for the quarter declined 4.91 percent or $36.26 million to $702.27 million.

Net investment income was at $12.02 million for the quarter, up 5.79 percent or $0.66 million from year-ago period. Meanwhile, income from fees and commission for the quarter declined 13.85 percent or $0.70 million to $4.38 million. The company has recorded a gain on investments of $0.34 million in the quarter compared with a gain of $0.06 million for the previous year period.

Roberto García-Rodríguez, president and chief executive officer of Triple-S Management, commented, "Our first-quarter performance, while disappointing, is consistent with our internal expectations. The period’s results, when compared with the same period last year, were negatively affected by weakness in our Medicare Advantage and Medicaid businesses. Our MA business will remain under pressure this year, but our annual MLR outlook has not changed. Retention has been steadily improving, which helps lower our cost basis and provide better health outcomes for continuing members, as we reap the benefits of our investment in clinical management initiatives. The Commercial business was stable and experienced a sequential slight uptick in membership. The Medicaid operation will underperform in the first half of the year but we expect to improve its performance for the remaining six months of 2017 assuming our new contract bid for our existing two Medicaid regions is accepted by the Puerto Rico government. This week we submitted a bid for fiscal year 2018, which begins July 1, 2017."

The company has spent $2.92 million cash to meet investing activities during the quarter as against cash outgo of $110.59 million in the last year period.

The company has spent $12.58 million cash to carry out financing activities during the quarter as against cash outgo of $6.02 million in the last year period.

Cash and cash equivalents stood at $218.88 million as on Mar. 31, 2017, up 94.62 percent or $106.42 million from $112.47 million on Mar. 31, 2016.

Total assets stood at $2,358.46 million as on Mar. 31, 2017. On the other hand, total liabilities were at $1,493.23 million as on Mar. 31, 2017.

Return on assets was negative at 0.11 percent in the quarter. Return on equity was negative at 0.50 percent in the quarter.

Investments stood at $1,441.75 million as on Mar. 31, 2017. Meanwhile, yield on investments was at 0.83 percent in the quarter.

Total debt was at $34.46 million as on Mar. 31, 2017. Shareholders equity was at $865.22 million as on Mar. 31, 2017. As a result, debt to equity ratio was at 0.04 percent in the quarter.