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

g the securities laws of the United States) the Company does not intend to update or revise any of them in light of new information or future events.

Readers are advised to carefully review and consider the various disclosures in the Company's SEC reports.

-FINANCIAL TABLES ATTACHED-

Condensed Consolidated Balance Sheets

(Dollar amounts in thousands, except per share data)

Unaudited

March 31, December 31,

2008 2007

Assets

Investments $1,093,506 $1,011,009

Cash and cash equivalents 62,184 240,153

Premium and other receivables, net 211,314 202,268

Deferred policy acquisition costs

and value of business acquired 118,987 117,239

Property and equipment, net 43,162 43,415

Other assets 37,595 45,458

Total assets $1,566,748 $1,659,542

Liabilities and Stockholders' Equity

Policy liabilities and accruals $710,836 $726,519

Accounts payable and accrued liabilities 181,566 279,539

Borrowings 180,362 170,946

Total liabilities 1,072,764 1,177,004

Stockholders' equity:

Common stock 32,309 32,309

Other stockholders equity 461,675 450,229

Total stockholders' equity 493,984 482,538

Total liabilities and stockholders'

equity
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SOURCE Triple-S Management Corporation
Copyright©2008 PR Newswire.
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