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

(Dollar amounts in thousands, except per share data) For the Year Ended December 31, Unaudited Historical 2008 2007 Revenues: Premiums earned, net $1,695,457 $1,483,548 Administrative service fees 19,187 14,018 Net investment income 56,253 47,194 Total operating revenues 1,770,897 1,544,760 Net realized investment gains (losses) (13,940) 5,931 Net unrealized investment loss on trading securities (21,063) (4,116) Other income (loss), net (2,468) 3,217 Total revenues 1,733,426 1,549,792 Benefits and expenses: Claims incurred 1,434,914 1,223,775 Operating expenses 251,887 237,533 Total operating costs 1,686,801 1,461,308 Interest expense 14,681 15,839 Total benefits and expenses 1,701,482 1,477,147 Income before taxes 31,944 72,645 Income tax expense 7,154 14,127 Net income $24,790 $58,518 Basic net income per share $0.77 $2.15 Diluted earnings per share $0.77 $2.15 Condensed Consolidated Statements of Earnings (Dollar amounts
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SOURCE Triple-S Management Corporation
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