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

2008 2007

Member months enrollment

Commercial:

Fully-insured 1,235,489 1,253,743

Self-funded 496,062 479,323

Total Commercial 1,731,551 1,733,066

Reform 1,033,660 1,064,846

Medicare 190,529 128,630

Total member months 2,955,740 2,926,542

Medical loss ratio 91.1% 90.2%

Operating expense ratio 10.1% 11.4%

Managed Care As of March 31,

Membership by Segment 2008 2007

Members

Commercial:

Fully-insured 412,692 418,275

Self-funded 163,517 161,612

Total Commercial 576,209 579,887

Reform 343,534 353,460

Medicare 65,538 42,357

Total members 985,281 975,704

Reiterate 2008 Guidance

"Triple-S Management has gotten off to a solid start in 2008 and we remain well-positioned to deliver on our operating plan," said Ruiz-Comas. "We continue to execute on our strategy of improving margins, expanding the Medicare Advantage business, strengthening our Commercial segment, developing new products, seeking opportunities to cross-sell our different lines of insurance, and pursuing possible acquisitions within the Puerto Rican market."

The Company's outlook for full year 2008 remains unchanged as follows:

* Total medical enrollment is expected to grow
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SOURCE Triple-S Management Corporation
Copyright©2008 PR Newswire.
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