Triple-s Management (GTS) 10-K2018 FY Annual report

Filed: 1 Mar 19, 12:00am

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Exhibit 21

LIST OF SUBSIDIARIES OF TRIPLE-S MANAGEMENT CORPORATION (“TSM”) *

·	Triple-S Salud, Inc. (“TSS”), a wholly-owned subsidiary of TSM.

Triple-S Advantage, Inc. (“TSA”), a wholly-owned subsidiary of TSS.

·	Triple-S Vida, Inc., a wholly-owned subsidiary of TSM.

·	Triple-S Propiedad, Inc., a wholly-owned subsidiary of TSM.

All of these subsidiaries are incorporated under the laws of the Commonwealth of Puerto Rico.

*	Pursuant to Item 601(b)(21)(ii) of Regulation S-K, the names of other subsidiaries of Triple-S Management Corporation are omitted because, considered in the aggregate, they would not constitute a significant subsidiary as of the end of the year covered by this report.