Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EP...(ties and accruals $726519 ...),Health

Accounts payable and accrued liabilities 279,539 156,472

Borrowings 170,946 183,087

Income tax payable 0 9,242

Total liabilities 1,177,004 1,002,910

Stockholders' equity:

Common stock 32,309 26,733

Other stockholders equity 450,229 315,866

Total stockholders' equity 482,538 342,599

Total liabilities and stockholders'

equity $1,659,542 $1,345,509

Condensed Consolidated Statements of Earnings

Years ended December 31, 2007 and 2006

(Dollar amounts in thousands, except per share data)

Unaudited 2007 2006

Revenues:

Premiums earned, net $1,483,548 $1,511,626

Administrative service fees 14,018 14,089

Net investment income 47,194 42,657

Total operating revenues 1,544,760 1,568,372

Net realized investment gains 5,931 837

Net unrealized investment (loss)

gain on trading securities (4,116) 7,699

Other income, net 3,217 2,323

Total revenues 1,549,792 1,579,231

Benefits and expenses:

Claims incurred 1,223,775 1,258,981

Operating expenses 237,533 236,065

Total operating costs 1,461,308 1,495,046 '/>"/>