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Triple-S Management Corporation Reports First Quarter 2008 Results; Cites Growth Resulting From Strong Market Position
Date:5/6/2008

.04 $0.17

Condensed Consolidated Statements of Cash Flows

(Dollar amounts in thousands, except per share data)

For the Three Months Ended

March 31,

Unaudited Historical

2008 2007

Net cash provided by operating activities $(118,110) $3,589

Cash flows from investing activities:

Proceeds from investments sold or matured:

Securities available for sale:

Fixed maturities sold 67,267 59,497

Fixed maturities matured 48,133 5,178

Fixed maturity securities held to maturity 22,863 209

Acquisition of investments:

Securities available for sale:

Fixed maturities (205,474) (66,243)

Equity securities (12,143) (499)

Fixed maturity securities held to maturity (5,120) -

Net disbursements for policy loans 376 (34)

Capital expenditures (1,547) (1,447)

Net cash used in investing activities (85,645) (3,339)

Cash flows from financing activities:

Change in outstanding checks in excess of

bank balances 15,446 2,140

Repayments of short-term borrowings (45,661) -

Proceeds from short-term borrowings 55,486 -

Repayments of long-term borrowings (409) (410)

Dividends - (2,448)

Proceeds from policyholder dep
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SOURCE Triple-S Management Corporation
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