Triple-S Management Corporation Reports First Quarter 2008 Results; Cites Growth Resulting From Strong Marke... (nsurance. Managementevaluates performanc...)

Triple-S Management Corporation Reports First Quarter 2008 Results; Cites Growth Resulting From Strong Market Position

Date:5/6/2008

nsurance. Management evaluates performance based primarily on the operating revenues and operating income of each segment. Operating revenues include premiums earned, net administrative service fees and net investment income. Operating costs include claims incurred and operating expenses. The Company calculates operating income or loss as operating revenues minus operating expenses. Operating margin is defined as operating gain or loss divided by operating revenues.

(Unaudited) Three months ended March 31,

(dollar amounts in millions) Percentage

2008 2007 Change

Operating revenues:

Managed Care $370.1 314.8 17.6%

Life Insurance 26.1 26.1 0.0%

Property and Casualty 26.3 24.0 9.6%

Other (1.0) (1.8) (44.4%)

Total operating revenues $421.5 363.1 16.1%

Operating income:

Managed Care $5.3 4.1 29.3%

Life Insurance 2.5 3.0 (16.7%)

Property and Casualty 2.1 1.4 50.0%

Other 1.4 1.2 16.7%

Total operating income $11.3 9.7 16.5%

Operating margin:

Managed Care 1.4% 1.3% 10 bp

Life Insurance 9.6% 11.5% -190 bp

Property and Casualty 8.0% 5.8% 220 bp

Consolidated 2.7% 2.7% 0 bp

Managed Care Results Summary

Total medical premiums earned for the three months ended March 31, 2
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SOURCE Triple-S Management Corporation
Copyright©2008 PR Newswire.
All rights reserved

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