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Triple-S Management Corporation Reports 2008 Results at High End of Guidance Range
Date:2/19/2009

future events.

Readers are advised to carefully review and consider the various disclosures in the Company's SEC reports.

                         -FINANCIAL TABLES ATTACHED-



                      Condensed Consolidated Balance Sheets
              (Dollar amounts in thousands, except per share data)

                                               Unaudited
                                              December 31,       December 31,
                                                  2008               2007
                 Assets

    Investments                                $1,015,701         $1,011,009
    Cash and cash equivalents                      46,095            240,153
    Premium and other receivables, net            237,158            202,268
    Deferred policy acquisition costs and
     value of business acquired                   126,347            117,239
    Property and equipment, net                    58,448             43,415
    Other assets                                   64,710             45,458

      Total assets                             $1,548,459         $1,659,542

         Liabilities and Stockholders' Equity

    Policy liabilities and accruals              $690,080           $726,519
    Accounts payable and accrued liabilities      203,973            279,539
    Borrowings                                    169,307            170,946

      Total liabilities                         1,063,360          1,177,004

    Stockholders' equity:
     Common stock                                  31,148             32,309
     Other stockholders' equity                   453,951            450,229

      Total stockholders' equity                  485,099            482,538

      Total liabilities and stockholders'
       equity                                  $1,548,459         $1,659,542



                  Condensed Consolidated Statements of Earnings
   
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SOURCE Triple-S Management Corporation
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