Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EP... (business. The overall MLR declined 50 ba...)

Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EPS for 2007

Date:2/11/2008

business. The overall MLR declined 50 basis points during 2007, to 87.1 percent. The decrease was the result of significant improvements in the Commercial MLR, and relatively stable Reform MLR, offset by an increase in the Medicare Advantage MLR.

Operating expenses declined by $8.4 million, or 5.4 percent, to $148.1 million, compared with last year. The decrease is primarily attributed to lower direct costs in the Reform business resulting from the reduction in volume. The segment's operating expense ratio fell by 30 basis points, to 11.2 percent.

Three months ended Dec 31, 12 months ended Dec 31,

Managed Care

Additional Data 2007 2006 2007 2006

Member months

enrollment

Commercial

Fully-insured 1,240,630 1,277,461 4,983,980 5,272,987

Self-funded 483,563 474,492 1,930,850 1,861,833

Total

commercial 1,724,193 1,751,953 6,914,830 7,134,820

Reform 1,062,702 1,272,737 4,262,248 6,484,270

Medicare 146,365 134,429 554,040 461,718

Total member

months 2,933,260 3,159,119 11,731,118 14,080,808

Medical loss ratio 85.2% 85.4% 87.1% 87.6%

Operating expense

ratio 12.0% 13.4% 11.2% 11.5%

Managed Care As of December 31,

Membership by Segment 2007 2006

Members

Commercial

Fully-insured 412,663 423,442

Self-funded 161,588 157,408

Total commercial 574,251 580,850

Reform 353,694 357,515

Medicare
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