Exhibit 99.1

	Triple-S Management Corporation
	1441 F.D. Roosevelt Ave.
	San Juan, PR 00920
	www.triplesmanagement.com

AT THE COMPANY:	INVESTOR RELATIONS:
Juan José Román-Jiménez	Mr. Garrett Edson
EVP and Chief Financial Officer	ICR
(787) 749-4949	(787) 792-6488

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Physicians, psychologists and other providers within its network can now use voice and video calls to replace office visits where appropriate, reducing exposure to the virus. Lab test orders can be sent via e-mail and drug prescriptions via e-prescribing.

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The Company has expanded access to its 24/7 nurse triage and advice service, TeleConsulta, to assist people who may not require emergency care or can self-care at home.

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The Company has also expanded the availability of its telehealth platform, TeleConsulta MD, which allows members to make virtual medical consultations with primary care physicians via smartphone, tablet or computer.

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The Company has recently implemented a prescription drug home delivery service.

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Triple-S Foundation committed an initial $250,000 donation to various organizations addressing food insecurity, including funds to bolster small farmers, provide food for the homeless, the general population through Puerto Rico’s Food Bank, and an NGO serving the elderly in rural communities.

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As of March 31, 2020, the Company has cash and cash equivalents of $104.6 million, including $9.0 million at the parent company level.  Triple-S’s investment portfolio stood at $1.7 billion as of March 31, of which 76% where investment-grade fixed income securities.  The Company also believes it would be able to access additional debt, if necessary, to further reinforce its liquidity.  In sum, the Company believes it is well capitalized to support the fundamental operations of its business throughout the pandemic and beyond.

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Following a $45 million net of tax impact of net unrealized losses on equity investments after the significant decrease in equity markets this quarter, the Company reported a net loss of $26.1 million, or $1.12 per share, versus net income of $34.8 million, or $1.52 per diluted share, in the prior-year period;

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Adjusted net income of $17.7 million, or $0.75 per diluted share, versus adjusted net income of $17.7 million, or $0.77 per diluted share, in the prior-year period;

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Operating revenues of $896.4 million, a 13.8% increase from the prior-year period, primarily reflecting higher Managed Care net premiums earned;

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Consolidated loss ratio of 81.6%, a 50 basis point increase versus the first quarter of 2019;

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Medical loss ratio (“MLR”) increased 10 basis points to 83.7%;

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Consolidated operating income was $19.7 million, compared to consolidated operating income of $31.7 million in the prior-year period;

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Under the Company’s share repurchase program, during the first quarter of 2020, the Company repurchased 577,447 shares at an aggregate cost of approximately $9.0 million.  As of May 6, 2020, $2.5 million remained available under the program.

•	Consolidated net premiums earned were $875.9 million, up 14.0% from the prior-year period, primarily reflecting an increase in membership and higher average premium rates within the Managed Care segment.

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Consolidated claims incurred were $714.5 million, up 14.7% year-over-year. Consolidated loss ratio of 81.6% rose 50 basis points from the prior-year period, mostly reflecting $5 million of estimated earthquake losses recorded by the Property and Casualty segment and increased benefits in the Company’s 2020 Medicare product offering, partially offset by lower Managed Care utilization of services during the last two weeks of the quarter as the result of the government-enforced lockdown related to the COVID-19 pandemic.

•	Consolidated operating expenses of $162.2 million increased by $29.5 million, or 22.2%, from the prior-year period, primarily resulting from reinstatement of the HIP fee in 2020.  The consolidated operating expense ratio was 18.5%, a 130 basis point increase from the prior-year quarter.

•	Managed Care premiums earned were $809.8 million, up 14.8% year-over-year.

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Medicare premiums earned of $387.8 million increased 16.6% from the prior-year period, largely due to an increase of approximately 24,000 member months, primarily reflecting a more competitive product offering, higher average premium rates, and an increase in the average membership risk score.

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Commercial premiums earned of $201.1 million increased 1.3% from the prior-year period, mainly reflecting an increase in fully insured enrollment during the quarter of approximately 25,000 member months.

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Medicaid premiums earned of $220.9 million increased 26.7% from the prior-year period, primarily reflecting higher membership of approximately 38,000 member months during the quarter, higher average premium rates, and the reinstatement of the HIP Fee pass-through in 2020.

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Reported MLR of 83.7% was 10 basis points higher than the prior-year period, reflecting increased benefits in the Company’s 2020 Medicare product offering, partially offset by lower Managed Care utilization of services during the last two weeks of the quarter as the result of the government-enforced lockdown related to the COVID-19 pandemic.

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Triple-S Propiedad, Inc. (TSP), the Company’s P&C subsidiary, has paid a cumulative amount of $745 million in claims and expenses related to Hurricane María.  Estimated gross losses remain unchanged at $967 million.

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TSP received 9 new claims, reopened 26 claims, and paid 28 claims during the first quarter of 2020.  652 claims remain open.

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The Company has been served with process in 361 of the 652 claims that remain open.

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As is the case for all claim liabilities, the gross losses related to Hurricane Maria are based on the Company’s best estimate of the ultimate expected cost of claims with the information currently on hand and are subject to change.

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Trends in health care costs and utilization rates

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Ability to secure sufficient premium rate increases

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Competitor pricing below market trends of increasing costs

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Re-estimates of policy and contract liabilities

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Changes in government laws and regulations of managed care, life insurance or property and casualty insurance

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Significant acquisitions or divestitures by major competitors

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Introduction and use of new prescription drugs and technologies

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A downgrade in the Company’s financial strength ratings

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Litigation or legislation targeted at managed care, life insurance or property and casualty insurance companies

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Ability to contract with providers consistent with past practice

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Ability to successfully implement the Company’s disease management, utilization management and Star ratings programs

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Ability to maintain Federal Employees, Medicare and Medicaid contracts

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Volatility in the securities markets and investment losses and defaults

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General economic downturns, major disasters, and epidemics

Condensed Consolidated Balance Sheets	Exhibit I
Condensed Consolidated Statements of Earnings	Exhibit II
Condensed Consolidated Statements of Cash Flows	Exhibit III
Segment Performance Supplemental Information	Exhibit IV
Reconciliation of Non-GAAP Financial Measures	Exhibit V

		March 31, 2020				December 31, 2019
Assets
Investments		$	1,666,126			$	1,643,637
Cash and cash equivalents			104,580				109,837
Premium and other receivables, net			644,984				567,692
Deferred policy acquisition costs and value of business acquired			237,171				234,885
Property and equipment, net			89,367				88,588
Other assets			245,966				174,187
Total assets		$	2,988,194			$	2,818,826
Liabilities and Stockholders' Equity
Policy liabilities and accruals		$	1,466,165			$	1,425,477
Accounts payable and accrued liabilities			492,982				370,483
Short-term borrowings			78,000				54,000
Long-term borrowings			24,897				25,694
Total liabilities			2,062,044				1,875,654
Stockholders’ equity:
Common stock			23,386				23,800
Other stockholders’ equity			903,464				920,065
Total Triple-S Management Corporation stockholders’ equity			926,850				943,865
Non-controlling interest in consolidated subsidiary			(700	)			(693	)
Total stockholders’ equity			926,150				943,172
Total liabilities and stockholders’ equity		$	2,988,194			$	2,818,826

		For the Three Months Ended March 31,
		2020				2019
Revenues:
Premiums earned, net		$	875,897			$	768,002
Administrative service fees			2,194				2,632
Net investment income			14,311				15,376
Other operating revenues			4,039				1,577
Total operating revenues			896,441				787,587
Net realized investment (losses) gains on sale of securities			(466	)			1,315
Net unrealized investment (losses) gains on equity investments			(56,806	)			19,669
Other income, net			3,605				1,169
Total revenues			842,774				809,740
Benefits and expenses:
Claims incurred			714,522				623,190
Operating expenses			162,201				132,663
Total operating costs			876,723				755,853
Interest expense			1,853				1,788
Total benefits and expenses			878,576				757,641
(Loss) income before taxes			(35,802	)			52,099
Income tax (benefit) expense			(9,650	)			17,316
Net (loss) income			(26,152	)			34,783
Net loss attributable to the non-controlling interest			7				3
Net (loss) income attributable to Triple-S Management Corporation		$	(26,145	)		$	34,786
Earnings per share attributable to Triple-S Management Corporation:
Basic net (loss) income per share		$	(1.12	)		$	1.53
Diluted net (loss) income per share		$	(1.12	)		$	1.52
Weighted average of common shares			23,381,949				22,757,794
Diluted weighted average of common shares			23,381,949				22,840,274

		For the three months ended March 31,
		2020				2019
Net cash provided by (used in) operating activities		$	6,518			$	(69,900	)
Cash flows from investing activities:
Proceeds from investments sold or matured:
Securities available for sale:
Fixed maturities sold			43,425				164,997
Fixed maturities matured/called			11,099				12,267
Securities held to maturity - fixed maturities matured/called			81				1,154
Equity investments sold			21,107				23,123
Other invested assets sold			8,524				373
Acquisition of investments:
Securities available for sale - fixed maturities			(42,822	)			(166,626	)
Securities held to maturity - fixed maturities			(80	)			(539	)
Equity investments			(102,733	)			(9,139	)
Other invested assets			(10,438	)			(8,546	)
Increase in other investments			(4,086	)			(535	)
Net change in policy loans			(241	)			(309	)
Net capital expenditures			(4,587	)			(2,968	)
Capital contribution on equity method investees			(4,933	)			-
Net cash (used in) provided by investing activities			(85,684	)			13,252
Cash flows from financing activities:
Change in outstanding checks in excess of bank balances			53,485				36,682
Net change in short-term borrowings			24,000				-
Repayments of long-term borrowings			(810	)			(808	)
Repurchase and retirement of common stock			(8,989	)			(1	)
Proceeds from policyholder deposits			10,296				3,607
Surrender of policyholder deposits			(4,073	)			(4,560	)
Net cash provided by financing activities			73,909				34,920
Net decrease in cash and cash equivalents			(5,257	)			(21,728	)
Cash and cash equivalents, beginning of period			109,837				117,544
Cash and cash equivalents, end of period		$	104,580			$	95,816

(Unaudited)		Three months ended March 31,
(dollar amounts in millions)		2020				2019				Percentage Change
Premiums earned, net:
Managed Care:
Commercial		$	201.1			$	198.5				1.3	%
Medicare			387.8				332.7				16.6	%
Medicaid			220.9				174.3				26.7	%
Total Managed Care			809.8				705.5				14.8	%
Life Insurance			46.7				44.2				5.7	%
Property and Casualty			20.6				19.4				6.2	%
Other			(1.2	)			(1.1	)			(9.1	%)
Consolidated premiums earned, net		$	875.9			$	768.0				14.0	%
Operating revenues: 1
Managed Care		$	818.1			$	715.0				14.4	%
Life Insurance			53.6				50.8				5.5	%
Property and Casualty			22.7				21.9				3.7	%
Other			2.0				(0.1	)			100.0	%
Consolidated operating revenues		$	896.4			$	787.6				13.8	%
Operating income (loss): 2
Managed Care		$	14.2			$	22.1				(35.7	%)
Life Insurance			5.0				5.6				(10.7	%)
Property and Casualty			(0.2	)			3.6				(105.6	%)
Other			0.7				0.4				75.0	%
Consolidated operating income		$	19.7			$	31.7				(37.9	%)
Operating margin: 3
Managed Care			1.7	%			3.1	%			-140	bp
Life Insurance			9.3	%			11.0	%			-170	bp
Property and Casualty			(0.9	%)			16.4	%			-1,730	bp
Consolidated			2.2	%			4.0	%			-180	bp
Depreciation and amortization expense		$	3.9			$	3.5				11.4	%

Managed Care Additional Data		Three months ended March 31,
(Unaudited)		2020				2019
Member months enrollment:
Commercial:
Fully-insured			978,342				953,052
Self-insured			330,232				362,490
Total Commercial			1,308,574				1,315,542
Medicare Advantage			407,907				383,608
Medicaid			1,068,016				1,029,736
Total member months			2,784,497				2,728,886
Claim liabilities (in millions)		$	340.0			$	397.3
Days claim payable			46				61
Premium PMPM:
Managed Care		$	329.96			$	298.13
Commercial			205.55				208.28
Medicare Advantage			950.71				867.29
Medicaid			206.83				169.27
Medical loss ratio:			83.7	%			83.6	%
Commercial			78.4	%			82.9	%
Medicare Advantage			82.7	%			80.6	%
Medicaid			90.3	%			90.3	%
Adjusted medical loss ratio: 1			84.1	%			85.5	%
Commercial			78.4	%			83.1	%
Medicare Advantage			81.3	%			79.4	%
Medicaid			94.6	%			99.9	%
Operating expense ratio:
Consolidated			18.5	%			17.2	%
Managed Care			15.5	%			14.5	%

Managed Care Membership by Segment		As of March 31,
		2020				2019
Members:
Commercial:
Fully-insured			325,253				318,523
Self-insured			109,760				118,677
Total Commercial			435,013				437,200
Medicare Advantage			135,710				128,090
Medicaid			355,512				355,694
Total members			926,235				920,984

		Adjusted Net Income
(Unaudited)		Three months ended March 31,
(dollar amounts in millions)		2020				2019
Net (loss) income		$	(26.1	)		$	34.8
Less adjustments:
Net realized investment (losses) gains, net of tax			(0.4	)			1.1
Unrealized (losses) gains on equity investments			(45.4	)			15.7
Private equity investment income, net of tax			2.0				0.3
Adjusted net income		$	17.7			$	17.7
Diluted adjusted net income per share		$	0.75			$	0.77