Triple-S Propiedad

What Triple-S Propiedad does

Triple-S Propiedad is a Puerto Rico-based property and casualty insurance carrier and a wholly owned subsidiary of Triple-S Management Corp. (NYSE: GTS). The company sells personal lines (Propack Personal bundled policy, Vivienda/Hazard home, Auto Personal, personal liability, personal umbrella, inland marine, flood, and the state-mandated Seguro Obligatorio compulsory auto policy) and commercial lines (commercial property, commercial auto, garage, garage keeper, builder's risk, commercial liability, commercial umbrella, medical malpractice, surety/contract bonds, and the Póliza Multilineal Comercial package) to consumers, SMBs, and nine industry verticals across the island.

The company's technology stack centers on a digital self-service ecosystem: a web portal (etools.ssspropiedad.com), iOS and Android mobile applications, WhatsApp support, digital insurance cards, and a downloadable compulsory insurance voucher. These complement a physical distribution network of seven branch offices across Puerto Rico and a certified agent/broker channel (socios de negocios). Supporting services include Claims Express (centralized claims tracking), Remote Adjustments (digital loss reporting), Control de Pérdidas (loss control), Siempre en tu camino (roadside assistance), Red de Talleres (approved repair network), and Facilidades de Pago (payment flexibility).

Revenue is generated through recurring annual insurance premiums priced on a risk-based, quote-driven basis, with discounts for bundling (Propack Personal, up to 20%) and standalone hazard (Casa Cubierta, 35% instant). Distribution combines direct sales through branches and digital channels with an external agent/broker network for commercial and complex coverage. Triple-S Propiedad itself is privately held within the publicly listed parent group, which limits standalone financial disclosure.

Name

Triple-S Propiedad

Legal name

Triple-S Propiedad, Inc.

Website

https://ssspropiedad.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Triple-S Propiedad is a Puerto Rico-based property and casualty insurance subsidiary of Triple-S Management Corp. (NYSE: GTS) that sells personal and commercial lines, including the state-mandated compulsory auto policy, to consumers, SMBs, and nine industry verticals through branches, digital channels, and an agent network.

Ownership category

akta.pro rank

Product category

Property & Casualty Insurance

NAICS

Insurance Carriers and Related Activities (524), Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Property Insurance (FSAJACAE)

akta.pro secondary industries

Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Inland Marine / Personal Articles & Valuable Items Insurance (FSAJACAJ)

Keywords

• Property casualty insurance
• Personal auto insurance
• Homeowner hazard insurance
• Commercial insurance
• Surety bonds

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Property & Casualty Insurance Premiums: Triple-S Propiedad generates revenue through the collection of insurance premiums from policyholders. Customers pay regular (typically annual or monthly) premiums for coverage across personal lines (auto, homeowners/hazard, personal liability, inland marine, flood) and commercial lines (commercial property, commercial auto, garage, garage keeper, builders risk, medical malpractice, commercial umbrella, surety bonds, contract bonds). Premium revenue is recurring as policies are renewed annually.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Triple-S Propiedad underwrites and distributes personal and commercial property and casualty insurance policies in Puerto Rico. Personal lines include Propack Personal (bundled home/auto/liability), Casa Cubierta hazard insurance, Auto Personal, Seguro Obligatorio (compulsory auto liability), Personal Public Liability, Personal Umbrella, Personal Inland Marine, and Flood. Commercial lines cover Commercial Property, Commercial Auto, Garage, Garage Keeper, Builder's Risk, Medical Malpractice, Commercial Umbrella, Commercial Inland Marine, Contract Bonds, Miscellaneous Surety Bonds, and a Commercial Multiline Package tailored to industries such as construction, manufacturing, retail, education, financial services, real estate, and healthcare professionals.

Product overview

Triple-S Propiedad is a Puerto Rico-based property and casualty insurance company and subsidiary of Triple-S Management Corp. The company offers a comprehensive portfolio of personal and commercial insurance products through a multi-channel distribution model including physical offices, online portals, mobile applications, and customer service centers. The personal insurance portfolio centers on the Propack Personal bundled policy, which combines home (Vivienda/Hazard), auto, and liability coverage under a single contract, supported by supplemental products including Compulsory Auto Insurance (required by Puerto Rico law), Personal Inland Marine, and Personal Umbrella coverage. The commercial insurance portfolio serves businesses across nine industry verticals (Construction, Manufacturing, Retail, Wholesale, Education, Financial, Real Estate, Services, and Professionals) with products including Commercial Property, Commercial Auto, Garage, Garage Keeper, Builder's Risk, Medical Malpractice, and various surety bond products. The company complements its insurance products with digital service tools including a mobile application, online claims processing (Claims Express), roadside assistance (Siempre en tu camino), and a network of service centers and repair shops throughout Puerto Rico.

Differentiator

Problem solved

Functional benefit

Brands

• Propack Personal: A bundled insurance policy combining home, auto, and liability coverage in a single contract with potential savings up to 20%.
• Casa Cubierta
• Claims Express
• Control de Pérdidas

Products and services

• Propack Personal Bundled personal insurance policy combining home, auto, and liability coverage in a single contract for Puerto Rico consumers, with up to 20% savings versus standalone policies.
• Casa Cubierta / Vivienda (Hazard) Standalone homeowner hazard insurance protecting the structure of the primary residence and other structures against fire, hurricane, earthquake, and other perils, offered to Puerto Rico homeowners with a 35% instant discount.
• Auto Personal Personal auto insurance for individual drivers in Puerto Rico providing bumper-to-bumper protection with Full Cover, Double Interest, and Public Liability coverage options.
• Responsabilidad Pública Personal Personal public liability insurance covering legal liability arising from damages to third parties such as neighbors, friends, or strangers on or off the policyholder's property.
• Responsabilidad Personal en Exceso (Umbrella Personal) Personal umbrella liability insurance that extends the primary limits of the main personal policy to provide greater coverage for personal risks.
• Marítimo Terrestre Personal Personal inland marine insurance covering valuable personal property or property of another in the policyholder's custody and control across multiple locations.
• Seguro Obligatorio (Compulsory Auto Liability) Compulsory auto liability insurance required by Puerto Rico law for all motor vehicles, where the cost is deducted from the total amount due when renewing vehicle registration.
• Póliza de Propiedad Comercial Commercial property insurance for businesses covering property, equipment, and business assets against covered perils.
• Responsabilidad Pública Comercial Commercial general liability insurance covering expenses arising from lawsuits related to third-party bodily injury or property damage.
• Responsabilidad Comercial en Exceso (Umbrella Comercial) Commercial umbrella liability insurance that extends coverage of primary commercial liability policies for additional protection.
• Builder Risk (Builder's Risk) Builder's risk insurance for properties under construction or renovation covering physical loss or damage during the building process.
• Auto Comercial Commercial auto insurance protecting business vehicles and the business owner's liability during operations.
• Póliza Marítimo Terrestre Comercial Commercial inland marine insurance covering valuable commercial property or property of another in the business's custody across multiple locations.
• Impericia Médica (Medical Malpractice) Medical malpractice insurance for physicians protecting against liability arising from professional practice.
• Póliza Multilineal Comercial Commercial package policy combining multiple coverage types into a single policy for business convenience and potential savings.
• Fianzas Misceláneas (Miscellaneous Surety Bonds) Miscellaneous surety bonds including utility bonds (power and water) for businesses requiring security deposits.
• Fianzas de Contrato (Contract Bonds) Contract bonds (surety bonds) guaranteeing performance on awarded contracts.
• Garage Garage insurance for automotive businesses covering public liability and physical damage, designed for auto sales, service, repair, storage, and parking businesses.
• Garage Keeper Garage keeper insurance covering physical damage to vehicles in the business's care, custody, or control, with Comprehensive, Specific Loss, and Collision coverage options.
• Claims Express Claims management service allowing policyholders to view and manage all their insurance claims in one centralized location online.
• Control de Pérdidas (Loss Control) Loss control service helping policyholders reduce the frequency and severity of losses through risk management guidance.
• Siempre en tu Camino (Roadside Assistance) Roadside assistance service providing on-site support following vehicle accidents.

Quantifiable outcome

• Save up to 20% by bundling auto and home coverage in a single Propack Personal policy
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators1 record

Recent moves2 records

Expansion highlights5 records

Direct peers

• MAPFRE Puerto Rico: MAPFRE's Puerto Rico operation is one of the largest property and casualty insurers on the island, offering personal auto, home, and commercial lines through a multi-channel model. It is the most direct comparable to Triple-S Propiedad in product mix, geography, and distribution approach.
• Cooperativa de Seguros Múltiples de Puerto Rico: A leading Puerto Rico cooperative insurer offering personal and commercial P&C products. Competes head-to-head with Triple-S Propiedad for personal auto, home, and commercial lines on the island with overlapping distribution and customer base.
• Universal Insurance Group (Puerto Rico): Universal Insurance Group is a Puerto Rico-headquartered property and casualty carrier offering personal and commercial lines on the island. Comparable to Triple-S Propiedad in market focus, product breadth, and reliance on local distribution.
• Multinational Insurance Company (Puerto Rico): Multinational Insurance Company is a Puerto Rico-based P&C carrier focused on personal and commercial lines. Overlaps with Triple-S Propiedad in personal auto, homeowner, and commercial products within the same island market.

Broad incumbents

• Progressive: Progressive is a major US personal auto insurer competing for Puerto Rico drivers through direct digital channels. Comparable to Triple-S Propiedad's personal auto offering, though Progressive operates as a direct-to-consumer model without branch presence.
• Chubb (Puerto Rico): Chubb operates in Puerto Rico offering specialty commercial and personal lines including property, casualty, and medical malpractice. Comparable to Triple-S Propiedad's commercial lines and medical malpractice product, though Chubb focuses on affluent and larger commercial accounts.
• State Farm (Puerto Rico operations): State Farm is a large national P&C insurer with significant personal lines presence in Puerto Rico. While offering a narrower product set focused on personal auto and home, it competes directly with Triple-S Propiedad for individual consumer premiums on the island.
• Allstate (Puerto Rico operations): Allstate operates a national P&C franchise with personal lines distribution in Puerto Rico. Comparable to Triple-S Propiedad's personal auto and home business, though it competes only as one of several markets within Allstate's broader portfolio.

Regional players

• Grupo Asegurador Universal (Dominican Republic): Universal Group's Dominican Republic operation offers similar personal and commercial P&C products in a neighboring Caribbean market. Comparable to Triple-S Propiedad in product mix and Caribbean geographic exposure, but does not directly compete in Puerto Rico.
• CF Insurance Agency (Puerto Rico): CF Insurance is a Puerto Rico-based insurance agency placing commercial and personal P&C coverage with multiple carriers. While not a direct carrier like Triple-S Propiedad, it competes for the same distribution relationships and policyholder wallet in the Puerto Rico market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/GrupoTripleS
• Facebookfacebook.com/GrupoTripleS
• LinkedInlinkedin.com/company/triple-s-propiedad
• Instagraminstagram.com/grupotriples

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Triple-S Propiedad