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

re> Managed Care As of March 31, Membership by Segment 2009 2008 Members: Commercial: Fully-insured 422,197 412,692 Self-funded 191,349 163,517 Total Commercial 613,546 576,209 Reform: Fully-insured 332,659 343,534 Self-funded 189,072 - Total Reform 521,731 343,534 Medicare: Medicare Advantage 64,350 54,626 PDP 9,836 10,912 Total Medicare 74,186 65,538 Total members 1,209,463 985,281

Share Repurchase Update

In October 2008, the Company's Board of Directors authorized the repurchase of $40 million of its common shares. Utilizing cash on hand, Triple-S has thus far repurchased approximately 2.9 million Class B shares at an average price of $12.12. The repurchase is being conducted in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Triple-S continues to have approximately $5.2 million earmarked for share repurchases under its current Board authorization.

2009 Guidance

"We have raised our guidance for this year's earnings per share by $0.05 to reflect the accretion from our share repurchase program and adjusted the share count," said Ruiz-Comas. "All of our other performance metrics are tracking our prior expectations and remain unchanged."


    The Company's outlook for full year 2009 is as follows:

                                                 2009 Range
    Medical enrollment fully-insured
     (member months)                          9.53-9.95 million

    Medical enrollment 
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SOURCE Triple-S Management Corporation
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1. Triple-S Management Corporation Announces Execution of Definitive Agreement to Acquire Managed Care Portfolio of La Cruz Azul de Puerto Rico, Inc.
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4. Triple-S Management Corporation Reschedules Fourth Quarter and 2008 Earnings Release and Webcast
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