Aspis Pronia noted a significant increase in its first semester 2007 financials, compared to the corresponding 2006 results. In particular, Aspis Pronia General Life Insurance Company posted a 30% net percentage increase in revenues in the first semester 2007 relative to the previous year's corresponding semester, while Aspis Pronia Liabilities (AEAZ) presented an increase of 42% compared to the relevant time period of 2006.

It should be emphasized that the increase in both companies' results in terms of their new production is equally impressive.

Specifically, the percentage increase of the new production for the listed Aspis Pronia General Life Insurance Company for the 1st Semester 2007 has reached the levels of 67%, while the growth for Aspis Pronia Liabilities (AEAZ) approximated 90% for the term in question, compared to the previous year's 1st Semester.

Simultaneously, the expenses ratio of Aspis Pronia (AEGA) has been reduced by two (2) percentage points, while the company expects to contain its general expenses to a one-digit number proportionately to its 2008 revenues.

It should be highlighted that Aspis Pronia Liabilities (AEAZ) has already achieved a one-digit number for its expenses ratio.

At the same time, Aspis Pronia is proceeding with the full restructuring of its commercial network, aiming at a comprehensive development of its branches. The restructuring in question is accomplished via mergers, with the main goal being to create larger company branches throughout the country, with the contribution of more expert insurance advisors. The above-mentioned goal is further achieved through a series of educational seminars realized at present by the company all over Greece.

Finally, the impending conclusion of the merger of the two companies (Aspis Pronia AEGA - Aspis Pronia AEAZ) is expected to provide an even larger boost to the Group productivity, thus contributing to the further shrinkage of expenses.