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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

program, a tender offer or any other means. In the event that demand for the repurchase of Class A shares amounts to less than $40 million, the Board of Directors may use the balance of the $40 million share authorization to repurchase Class B shares on the open market.

Revised 2008 Guidance

The Company's 2008 revised outlook is as follows:

* Total medical enrollment is expected to grow approximately 4-4.5

percent, with Medicare Advantage enrollment rising approximately

47-52 percent, up from our previous estimate of 45-48 percent.

* Consolidated operating revenues are now anticipated to be

$1.73-$1.76 billion, an increase from our prior estimate of

$1.70-$1.74 billion.

* Consolidated loss ratio is expected to be 84.5-85.0 percent, a 100

basis point increase from previous guidance, with the managed care

MLR now ranging between 88.5-89.0 percent, driven largely by the

Company's Medicare dual eligible product.

* Consolidated operating expense ratio is unchanged and anticipated to

be approximately 14.7 percent.

* The Company reduced its earnings per share expectation to

$1.72-$1.82 from $1.88-$1.98, based on 32.2 million weighted average

diluted shares outstanding, which excludes net realized and

unrealized gains (losses) on investments and derivatives.

Conference Call and Webcast

Management will host a conference call and webcast Thursday, October 30 at 10:00 a.m. Eastern Time to discuss its financial results for the third quarter and nine months ended September 30, 2008, as well as expectations for future earnings. To participate, callers within the U.S. and Canada should dial 1-800-257-3401, and international callers should dial 1-303-262-2141 about five minutes before the presentation.

To listen to the webcast, participants should visit the Investor Relat
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SOURCE Triple-S Management Corporation
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