everyone, thank today. us Thanks, you and for Good Garret. morning, joining
we reserve diluted morning, up share a segment, the excluding and year $X.XX that reported hurricane the diluted of than quarter $X.XX from the after revenue second a driven financial strong adjusted reported of was This total share, XXXX, XXX% our $XXX XX% in with improvement net for income, ago Care of and adjusted results million our marked income development operating per per net ago. P&C segments. year solid a performance we Managed Life in of This by along higher
commitment executing hard is it importantly, work, superbly we Triple-S the launched entire transformation and in reflects More XXXX. team, on focus of the strategic the which relentless
strategy several building last third, length: our providers and ambulatory over may clinic with and the first, our and discussed an you outcomes; and recall, our second, to X-pronged network. enable Medicare approach retain win on As advanced at members, we've to integrated years, improve technology Advantage care leveraging develop delivery, employees business;
our of progress and our us XXXX confidence again. improve steady the strategic to once the with year along initiatives, results, guidance quarter's operational second The give full
improvement in I'll like drivers minutes. core on I'd to few revised in provide segment. address the first, a Care our But of details several Managed continued outlook our
members' capture and a and product revenue to and the and the strategic and year third, a of more three this more retention accurate prior higher Medicare first, membership. from expertise period, second, Advantage concerted factors: XX% conditions. reflecting medical growth program We with strong growing increased initiatives; management premiums rates marketing, in Importantly, attribute design; our premium timely sales competitive
only our trends also growth. in expect when a HMO be to star our have contract would we strong such rating to quarter, and the last mentioned will is X.X Medicaid continue Puerto have earned stars. contract X XXXX, we these As showing product Rico growth into will PPO
we members the new in June enrollment or increase to XXX,XXX XX,XXX XX% Although outside reaffirming X XX. open are nearly new just period, as market as in That added new under bringing its the we leader. correlates beneficiaries members of X,XXX the program, us in our a position second to membership months quarter,
Finally, approach year-over-year product competitive more our showing also to fully stable and slight market. a growth, a insured Commercial business and strategic more is has remained offering membership reflecting
been press events on political national impact Turning regarding Rico, island's to a island's lot recent its potential the there's we Puerto in environment the know and in economy.
let me topic address briefly. So this
governor's of and the the events, validate his have orderly strength removal rule protests yesterday's democracy. Rico's the Rico Puerto successor transitions massive Puerto law. led to resignation While of Supreme through the they also been chosen have and of quick that Both Court unusual the of followed elected decision the unanimous are
remain lasting no has, positive will tourism island events closely, that the these the economy. temporarily uninterrupted. Although has monitoring have been and Puerto impact Rico's business by political situation across affected, large, we We're but on continued
as XX As at the the but restructuring. of unemployment job in over unemployment year, jobs private with previous the in of increased Puerto in fiscal rate June, lowest government's in Net creation shrinking stood This the June growing years. in is public also part sector Rico rate the X.X%. by the sector X,XXX
a & years. recently fiscal surpassed number for over year XX% the jobs reported estimates the by collection Puerto sector Oversight Financial record year. highest for board. $XX.X level Rico the revenue X This in at The prepared Treasury number the XXXX Management reached billion, previous department Private
Although part, recorded which driver that in in category, corporate year-over-year a after increase revenues, recovery tax income XX% are increase. encouraged key a and reflects we reconstruction was efforts the Hurricane a Maria,
early, remain since stabilized. real. long-term to be The jobs, economic trends bit sector recovery future. and appears While Migration to the seem economic have creating the optimistic still Rico's hurricane Puerto a is about private we
on advantage be hard providing as conservative details Juan remain A quick the to the be a comfortable more P&C focus Jose this We business and to our of on with will we respect and take more update hurricane-related levels with market. continues reserves minutes. on our P&C. underwriting in claims, segment profitable few of
effectively A to Class our shares B yesterday, Finally, dual-class outstanding the remaining completed and eliminated we conversion our Class structure. of
class single new shareholders help progress first our our shares our we're and of respect strategy. time. over as of we with pleased structure, second simplifies Overall, Our quarter XXXX should enhance to to strong half with value for very capital long-term which our make continue common
adjusted of terms our MLR and improving full expense and ratios. In consolidated income our we maintaining expectations, claims operating our incurred revenue guidance, ratio XXXX raising are year operating our net and
between revenue expectations we billion be Specifically, are our Care earned be to $X.XX and $X.XX billion, net to $X.XX Managed raising $X.XX full billion. year premiums includes operating raising and between billion for for expectations which
We between of between fees are to to now claims maintaining and and between XX.X% expectations be administrative XX.X%. to which operating previous be earned improvement incurred XX.X% XX% consolidated from our be and is expect expenses for We premiums a service XX%. and an MLR XX% and XX.X%, percentage to as total our ratio range of XX.X% the
from our to the adjusted raising range effective expectations of change net earlier from and rate between income diluted $X.XX. tax on are share XX% be we to expectations guidance XX%. line, XX% be now our And $X.XX for are the XX%, to $X.XX of bottom XXXX We $X.XX adjusting and prior per to between a slight
the realized unrealized does private any As potential as issued for losses and investment well equity XXXX. gains a as income and reminder, activity share account share for adjusted share diluted accounts dividend net investment any repurchase not excludes recently income per and during
initiatives second our the in sum various first few in our put half hard has begun for work dividends and evident significant quarter over and up, years XXXX past Triple-S To the into effort results. to pay we've as
an gain outcomes, our to structure, member We continue are and experience and improve clinical clinic continues care integrated strategy. an delivery component in important take retain Care our we core shape and to our business, and modernizing our further network membership as optimizing to technology Managed cost of
you more will Jose? Jose financials business specific provide by segment. Juan Juan with now
