Total members 977,190 979,506
2008: Building on Last Year's Successes
"This year, we fully expect to leverage the strong foundation we built
for our business in 2007, while delivering solid future earnings growth and
continuing to offer customers the quality care they have come to expect."
Ruiz-Comas said. "We plan to continue executing on our strategy of
improving margins, broadening the Medicare Advantage business;
strengthening our Commercial segment; developing new products; pursuing
opportunities to cross- sell our different lines of insurance; and
expanding into new products or geographic markets."
The Company's outlook for full year 2008 is as follows:
-- Total medical enrollment is expected to grow approximately one percent,
with Medicare Advantage enrollment rising 30-35 percent.
-- Consolidated operating revenues are anticipated to be $1.66 -- $1.70
billion.
-- Consolidated loss ratio is expected to be 83.0 -- 83.5 percent, with
the managed care MLR ranging between 87.6 and 88.1 percent.
-- Consolidated operating expense ratio is anticipated to be approximately
15.2 percent.
-- The Company expects earnings per share of $1.88 -- $1.98, based on 32.1
million weighted average shares outstanding.
Conference Call and Webcast
Management will host a conference call and webcast today at 10:00 a.m. Eastern Time to discuss its financial results for 2007 and the fourth quarter, and expectations for future earnings. To participate, callers within the U.S. and Canada should dial 1-800-218-4007, and international callers should dial 1-303-262-2138 about five minutes before the presentation. The pass code is 11107838.
To listen to the webcast, participants should visit the Investor
Relations section of the Company's Web site at
| SOURCE Triple-S Management Corporation Copyright©2008 PR Newswire. All rights reserved |