Triple-S Management Corporation Reports Third Quarter 2008 Results; Board Approves Share Repurchase Authorization of up to $... (cquisition of investments: Securiti...)

Triple-S Management Corporation Reports Third Quarter 2008 Results; Board Approves Share Repurchase Authorization of up to $40 Million

Date:10/30/2008

cquisition of investments:

Securities available for sale:

Fixed maturities (449,515) (147,357)

Equity securities (17,069) (16,759)

Securities held to maturity:

Fixed maturities (554) (4,891)

Net disbursements for policy loans 73 (297)

Net capital expenditures (12,116) (6,329)

Net cash used in investing activities (226,735) (39,900)

Cash flows from financing activities:

Change in outstanding checks in excess of

bank balances 17,992 17,477

Repayments of short-term borrowings (864,419) (43,559)

Proceeds from short-term borrowings 896,214 43,559

Repayments of long-term borrowings (1,229) (11,730)

Dividends - (2,448)

Proceeds from policyholder deposits 7,156 5,133

Surrenders of policyholder deposits (5,793) (5,614)

Other 6 1

Net cash provided by financing activities 49,927 2,819

Net increase in cash and cash equivalents (196,702) 14,409

Cash and cash equivalents, beginning of period 240,153 81,564

Cash and cash equivalents, end of period $43,451 $95,973

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Triple-S Management Corporation Reports Third Quarter 2008 Results; Board Approves Share Repurchase Authorization of up to $...(cquisition of investments: Securiti...),Health