Triple-S Management Corporation Reports Record Consolidated Operating Income, Net Income and EP...(ense 2402...),Health
ense 2,402 2,489
Net income $17,718 $15,703
Basic net income per share $0.62 $0.59
Condensed Consolidated Statements of Cash Flows
Years ended December 31, 2007 and 2006
(Dollar amounts in thousands, except per share data)
Unaudited 2007 2006
Net cash provided by operating
activities $115,534 $75,586
Cash flows from investing activities:
Proceeds from investments sold or
matured:
Securities available for sale:
Fixed maturities sold 299,561 51,519
Fixed maturities matured 41,248 32,826
Equity securities 1,000 1,209
Securities held to maturity:
Fixed maturities matured 13,246 492
Acquisition of investments:
Securities available for sale:
Fixed maturities (327,409) (81,496)
Equity securities (18,379) (11,620)
Securities held to maturity:
Fixed maturities (8,244) (2,197)
Acquisition of business, net of
$10,403 of cash acquired 0 (27,793)
Net disbursements for policy loans (287) (415)
Capital expenditures (9,390) (11,873)
Other 0 2
Net cash used in investing
activities (8,654) (49,346)
Cash flows from financing acti
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