Benzinga | Aug 5, 2021 06:10AM EDT

Triple-S Management Reaffirms FY21 Guidance; Sees Sales $3.98B-$4.02B vs $3.69B Est.

The Company is maintaining its full-year 2021 guidance.

* Consolidated operating revenue is expected to be between $3.98 billion and $4.02 billion, which includes Managed Care premiums earned, net between $3.58 billion and $3.62 billion.

* Consolidated claims incurred ratio is expected to be between 83.0% and 84.0%, while Managed Care MLR is expected to be between 86.0% and 87.0%.

* Consolidated operating expense ratio is expected to be between 15.5% and 16.5%.

* The effective tax rate is expected to be between 29.0% and 31.0%.

* Adjusted net income per diluted share is expected to be between $2.95 and $3.15. Adjusted net income per diluted share does not account for any potential share repurchase activity during 2021. The Company is assuming a weighted average diluted share count for full year 2021 of 23.6 million shares.