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Triple-S Management Corporation Reports First Quarter 2009 Results
Date:5/5/2009

c downturns, major disasters, and epidemics

This list is not exhaustive. Management believes the forward-looking statements in this release are reasonable. However, there is no assurance that the actions, events or results anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on the Company's results of operations or financial condition. In view of these uncertainties, investors should not place undue reliance on any forward-looking statements, which are based on current expectations. In addition, forward-looking statements are based on information available the day they are made, and (other than as required by applicable law, including 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,
                                            2009           2008
                 Assets

    Investments                           $947,041     $1,015,701
    Cash and cash equivalents              108,682         46,095
    Premium and other receivables, net     249,532        237,158
    Deferred policy acquisition costs
     and value of business acquired        128,442        126,347
    Property and equipment, net             59,125         58,448
    Other assets                            61,522         64,710

        Total assets                    $1,554,344     $1,548,459


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SOURCE Triple-S Management Corporation
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