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

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Interest expense 15,839 16,626

Total benefits and expenses 1,477,147 1,511,672

Income before taxes 72,645 67,559

Income tax expense 14,127 13,026

Net income $58,518 $54,533

Basic net income per share $2.15 $2.04

Condensed Consolidated Statements of Earnings

Three-month periods ended December 31, 2007 and 2006

(Dollar amounts in thousands, except per share data)

Unaudited 2007 2006

Revenues:

Premiums earned, net $381,934 $353,027

Administrative service fees 2,984 3,733

Net investment income 13,797 11,332

Total operating revenues 398,715 368,092

Net realized investment losses (232) (487)

Net unrealized investment (loss) gain

on trading securities (3,352) 3,981

Other income, net 1,375 1,115

Total revenues 396,506 372,701

Benefits and expenses:

Claims incurred 308,401 284,677

Operating expenses 64,094 65,593

Total operating costs 372,495 350,270

Interest expense 3,891 4,239

Total benefits and expenses 376,386 354,509

Income before taxes 20,120 18,192

Income tax exp
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SOURCE Triple-S Management Corporation
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