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Triple-S Management Corporation Reports Third Quarter 2008 Results; Board Approves Share Repurchase Authorization of up to $40 Million
Date:10/30/2008

ipment, net 50,101 43,415

Other assets 48,510 45,458

Total assets $1,569,365 $1,659,542

Liabilities and Stockholders' Equity

Policy liabilities and accruals $706,174 $726,519

Accounts payable and accrued liabilities 177,545 279,539

Borrowings 201,512 170,946

Total liabilities 1,085,231 1,177,004

Stockholders' equity:

Common stock 32,329 32,309

Other stockholders' equity 451,805 450,229

Total stockholders' equity 484,134 482,538

Total liabilities and stockholders'

equity $1,569,365 $1,659,542

Condensed Consolidated Statements of Earnings

(Dollar amounts in thousands, except per share data)

For the Nine Months Ended

September 30,

Unaudited Historical

2008 2007

Revenues:

Premiums earned, net $1,256,775 $1,101,614

Administrative service fees 12,081 11,034

Net investment income 41,806 33,397

Total operating revenues 1,310,662 1,146,045

Net realized investment gains (losses) (2,233) 6,163

Net unrealized investment loss on

trading securities (10,806) (764)

Other income (loss), net
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SOURCE Triple-S Management Corporation
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