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Triple-S Management Corporation Reports 2008 Results at High End of Guidance Range
Date:2/19/2009

sands, except per share data) For the Year Ended December 31, Unaudited Historical 2008 2007 Net cash (used in) provided by operating activities $(2,982) $115,894 Cash flows from investing activities: Proceeds from investments sold or matured: Securities available for sale: Fixed maturities sold 228,436 299,561 Fixed maturities matured 91,732 41,248 Equity securities 4,450 1,000 Securities held to maturity: Fixed maturities matured 22,875 13,246 Acquisition of investments: Securities available for sale: Fixed maturities (505,896) (327,409) Equity securities (19,636) (18,379) Securities held to maturity: Fixed maturities (554) (8,244) Net proceeds (disbursements) for policy loans 30 (287) Net capital expenditures (22,411) (9,390) Net cash used in investing activities (200,974) (8,654) Cash flows from financing activities: Net proceeds from initial public offering - 70,279 Change in outstanding checks in excess of bank balances 18,353 (3,076) Repayments of long-term borrowings (1,639) (12,141) Dividends - (2,448) Proceeds from policyholder deposits 8,018
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