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Triple-S Management Corporation Reports First Quarter 2008 Results; Cites Growth Resulting From Strong Market Position
Date:5/6/2008

$1,566,748 $1,659,542

Condensed Consolidated Statements of Earnings

(Dollar amounts in thousands, except per share data)

For the Three Months Ended

March 31,

Unaudited Historical

2008 2007

Revenues:

Premiums earned, net $404,399 $348,465

Administrative service fees 3,713 3,509

Net investment income 13,432 11,121

Total operating revenues 421,544 363,095

Net realized investment gains 609 1,196

Net unrealized investment loss on trading

securities (6,250) (1,925)

Other income, net (1,521) 209

Total revenues 414,382 362,575

Benefits and expenses:

Claims incurred 350,207 297,318

Operating expenses 60,031 56,137

Total operating costs 410,238 353,455

Interest expense 3,673 3,952

Total benefits and expenses 413,911 357,407

Income before taxes 471 5,168

Income tax expense (benefit) (731) 663

Net income $1,202 $4,505

Basic net income per share $0.04 $0.17

Diluted earnings per share $0
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SOURCE Triple-S Management Corporation
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