Aspis Pronia's 9-month 2007 production figures have increased at a remarkably increasing rate, compared to the corresponding 2006 figures.

In particular, Aspis Pronia General Life Insurance Company (AEGA) posted a 35.3% net percentage increase in its premium revenues in the 9-month 2007 relative to the same period last year, while Aspis Pronia Liabilities (AEAZ) presented an increase of 43.5% compared to the relevant time period.

Notably, the new production figures for both companies have also displayed rapid development.

In specific, the percentage increase of the new production for the listed Aspis Pronia General Life Insurance Company for the nine months period 2007 has reached the levels of 81.7%, compared to the corresponding period last year, while the growth for Aspis Pronia Liabilities (AEAZ) approximated 71.4% for the term in question, compared to the previous year's nine months period.

Simultaneously, the expenses ratio of Aspis Pronia (AEGA) continues to decrease at similar rates, while the company expects to contain its general expenses to a one-digit number proportionately to its 2008 revenues.

As it has been pointed out in the relevant announcement by the company, the decrease of 5 percentage points within the nine months period 2007 of the indemnification ratio as a percentage of net premiums earned (Loss Ratio), compared to the respective period last year, reaching 69.2%, is an indication of the restructuring that has been taking place in ASPIS PRONIA.

The decrease of the ratio in question is attributed to the continuous monitoring and control of indemnifications in the sectors of liabilities and hospital programs.

Top executives of the ASPIS Group of Companies attribute the recent appreciable rise in production figures partly to the new attractive insurance programs offered by the Company, in combination with the development of alternative sales branch networks, as well as to the continuous education of its insurance advisors.

Notably, the above figures do not include premium production of the Group's subsidiaries abroad, particularly in Sweden, in Cyprus, in Albania, and the German branches, which experience constant growth.

Referring to ASPIS PRONIA's development rates, both in the sectors of Life Insurance and General Insurances, the president of the ASPIS Group of Companies, Mr. Paul D. Psomiades, emphasized the following: "The growth of the Group's insurance companies shall continue. Already, our forecasted targets concerning the fiscal year 2007 have been exceeded by far".

And he concluded as follows: "The fact that this high increase in our production has been achieved by the same number of branches is of particular importance".