The pre-tax profits of ETHNIKI GREEK GENERAL INSURANCE GROUP of COMPANIES S.A. increased significantly by 260% to EUR 32,967,000 in the nine-month period of 2005 compared to EUR 9,157,000 in the corresponding period of 2004. Specifically, the profits of the company have already exceeded the annual target set in the business plan, as year-end profits were expected to reach EUR 23,547,000. Among the factors which contributed to the company's profits are the improvement of the technical results of the Individual Life Insurance sector, the holding down of operating costs within budget, the improvement of revenues generated from investments as well as the profit of EUR 6,428,000 generated from the sale of company property for the amount of EUR 14,700,000.

The Life Insurance sector increased by some 10.3% on 30.9.2005 compared to the same period on 30.9.2004. The total number of registered insurance premiums for the period are increased by some 2.5% to EUR 186,349,000 versus EUR 181,764,000.

In the General Insurance sectors, except for the car insurance sector, registered insurance premiums rose by some 4.2%. On 30.9.2005, the total number of insurance premiums produced in the General Insurance sectors is decreased by 2.3% to EUR 266,514,000 compared to EUR 272,702,000 in the corresponding period a year ago.

Operating expenses are in the same levels of 30.9.2004.