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Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EPS for 2007
Date:2/11/2008

Continued Improvements in Medical Loss Ratio

SAN JUAN, Puerto Rico, Feb. 11 /PRNewswire-FirstCall/ -- Triple-S Management Corporation (NYSE: GTS), the largest managed care company in Puerto Rico, today announced record consolidated operating income of $83.5 million, net income of $58.5 million and EPS of $2.15 for the year ended December 31, 2007 (including $0.07 per share in net realized and unrealized gains) reflecting the Company's strong market position and medical cost management.

2007 Highlights

-- Operating income increased 13.9 percent to $83.5 million

-- Net income rose 7.3 percent to $58.5 million

-- Earnings per share was $2.15 based on 27.2 million weighted average

shares outstanding

-- Medical Loss Ratio (MLR) improved 50 basis points to 87.1 percent

-- Continued success expanding Medicare Advantage business: 38,000

members at December 31, 2007, a 41 percent year-over-year increase

-- Completed IPO on December 7, 2007

"While 2007 was a memorable year because we made our debut as a public company in December, we also strengthened the foundation of our business, allowing us to better serve our network of providers and our members going forward," said Ramon M. Ruiz-Comas, President and Chief Executive Officer.

Consolidated operating revenues for 2007 were $1.54 billion, 1.5 percent lower than the previous year. The decrease resulted primarily from the change in carrier for the Metro-North Region in the Commonwealth of Puerto Rico Health Reform business, which is similar to Medicaid (the Reform business) effective November 1, 2006 (which represented premiums of approximately $162 million for the ten-month period ended October 31, 2
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SOURCE Triple-S Management Corporation
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