Profit before tax of Aspis for the financial year 2006 demonstrated an impressive increase of 190%, compared to 2005, reaching 6 million euro, on a consolidated basis, compared to 2.07 million euro for the previous year.

In addition, the net insurance rates and other related income of 2006 reached 138.6 million euro compared to 73.3 million Euro of 2005, presenting a percentage increase of 89%, while profit after tax presented a similar trend reaching 4.04 million euro in 2006 compared to 2.07 million euro of the previous year.

At the same time, total equity of the parent company increased to 48.8 million euro from 47.6 million euro in 2005, while, on a consolidated basis it amounted to 20.4 million euro versus 7.6 million euro in the previous year, presenting an increase of 168%.

Also, total assets amounted to 532.6 million euro versus 423.16 million euro in the previous year, presenting an increase of 25.8%.

It is noted that the total insurance reserves for the company's clients were significantly enhanced and reached 347.4 million euro in 2006 compared to 279 million euro of the previous year, showing an increase of 24.5%. The same trend is noted for the company's investments, which were enhanced by 29.38% and reached 459.2 million euro compared to 359.9 million euro in 2005.

Productivity and efficiency indices of the company also presented a significant improvement, i.e. the administrative expenses over net insurance rates and other related income decreased to 22.18% versus 37.88% of the previous year, presenting an improvement of 42%. Finally, productivity per employee more than doubled and reached 319.4 thousand euro compared to 156.60 thousand euro for the previous year.

The Group's restructuring and expansion strategy, both domestically and internationally, has been met by absolute success, as is confirmed by the development of the financial figures. In this context, the Company's Management feels justified and content for its strategy, which significantly improves the competitive position of Aspis Pronia in Greece and internationally, and declares its optimistic view that the company will continue a similar trend in 2007.