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Triple-S Management board expands repurchase program

Triple-S Management Corp.'s board approved a $25 million expansion of its existing $30 million class B share repurchase program.

A total of 322,381 shares were repurchased at an aggregate cost of $7.7 million in the fourth quarter of 2017. So far in 2018, the company has repurchased 225,000 shares at an aggregate cost of $5.3 million.

As of Feb. 27, including the expansion, $29.4 million of capacity remain in the program.