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

in thousands, except per share data) For the Three Months Ended December 31, Unaudited Historical 2008 2007 Revenues: Premiums earned, net $438,682 $381,934 Administrative service fees 7,106 2,984 Net investment income 14,447 13,797 Total operating revenues 460,235 398,715 Net realized investment gains (losses) (11,707) (232) Net unrealized investment loss on trading securities (10,257) (3,352) Other income (loss), net (1,160) 1,375 Total revenues 437,111 396,506 Benefits and expenses: Claims incurred 364,342 308,401 Operating expenses 66,885 64,094 Total operating costs 431,227 372,495 Interest expense 3,333 3,891 Total benefits and expenses 434,560 376,386 Income before taxes 2,551 20,120 Income tax expense 571 2,402 Net income $1,980 $17,718 Basic net income per share $0.06 $0.62 Diluted earnings per share $0.06 $0.62 Condensed Consolidated Statements of Cash Flows (Dollar amounts in thou
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