for the half year ended 30 June 2017

	1/1/2017-	1/1/2016-
	30/6/2017	30/6/2016
	€	€
Realised gross premiums	5.975.716	5.925.535
Increase in gross reserve of unearned premiums	(263.867)	(564.001)

Gross earned premiums	5.711.849	5.361.534
Reinsurance in realised gross premiums	(542.368)	(534.676)
Reinsurers' share in (decrease)/increase of gross reserve of
unearned premiums	3.096	47.806
Net earned premiums	5.172.577	4.874.664

Commissions and other fees receivable	250.810	270.564
Income from investments	289.946	97.704
Other income from operations	60.424	58.749
Net income	601.180	427.017

Gross claims and benefits	(3.341.009)	(2.807.754)
Reinsurers' share in gross claims and benefits	99.115	(60.735)
Net insurance claims and benefits	(3.241.894)	(2.868.489)
Acquisition costs	(1.474.668)	(1.546.809)
Administrative expenses	(745.927)	(730.670)
Proceeds /(expense) from provisions and debtors written-off	(41.743)	189.258
Expenses	(5.504.232)	(4.956.710)
Profit from operations	269.525	344.971

Finance costs	(43.547)	(53.550)
Net finance costs	(43.547)	(53.550)
Profit for the period before taxation	225.978	291.421
Taxation	(5.181)	(5.414)

Profit for the period	220.797	286.007
Profit for the period attributable to the Company's owners	220.797	286.007

Profit per share attributable to the Company's owners
(cents)	0.28	0.36

for the half year ended 30 June 2017

	1/1/2017- 30/6/2017 €	1/1/2016- 30/6/2016 €
Profit for the period	220.797	286.007
Total comprehensive income for the period attributable to the Company's owners	220.797	286.007

	30/6/2017	31/12/ 2016
ASSETS	€	€
NON CURRENT ASSETS
Property. plant and equipment	1.814.083	1.800.928
Intangible assets	96.498	98.883
Property investment	8.992.137	8.992.137
Investments held to maturity	2.206.430	2.206.430
	13.109.148	13.098.378
CURRENT ASSETS
Financial assets at fair value through profit and loss	723.100	637.434
Insurance and other claims	6.953.045	7.245.211
Deferred acquisition costs	1.496.955	1.464.252
Reinsurers' share in claims and technical reserves	1.145.637	1.198.800
Cash and cash equivalents	8.198.988	8.668.786
	18.517.725	19.214.483

TOTAL ASSETS	31.626.873	32.312.861
EQUITY AND LIABILITIES EQUITY
Share capital	13.330.532	13.330.532
Reserves	(6.391.881)	(6.612.678)
Total equity attributable to the shareholders of the holding Company	6.938.651	6.717.854
NON-CURRENT LIABILITIES
Life Insurance reserve	6.164.692	6.613.285
Long-term loans and hire purchase creditors	1.759.640	1.865.465
Deferred taxation	826.721	826.721
	8.751.053	9.305.471

CURRENT LIABILITIES
General Insurance reserves	14.721.940	14.739.339
Insurance and other liabilities	797.585	1.045.517
Bank overdrafts Current portion of long-term loans and hire purchase creditors	182.185 207.081	110.736 210.657
Taxation due	28.378	183.287
	15.937.169	16.289.536
TOTAL LIABILITIES	24.688.222	25.595.007

TOTAL EQUITY AND LIABILITIES	31.626.873	32.312.861

	Share Capital €	Premium reserve €	Property revaluation reserve €	Difference from conversion of capital into Euro €	Annuity reserve €	Total equity €
Balance as at 1 January 2017 Comprehensive income for the period	13.330.532	4.317.354	3.330.156	67.448	(14.327.636)	6.717.854
Profit for the period	-	-	-	-	220.797	220.797
Balance as at 30 June 2017	13.330.532	4.317.354	3.330.156	67.448	(14.106.839)	6.938.651
Balance as at 1 January 2016 Comprehensive income for the period	13.330.532	4.317.354	3.236.860	67.448	(14.459.398)	6.586.092
Profit for the period	-	-	-	-	286.007	286.007
Balance as at 30 June 2016	13.330.532	4.317.354	3.236.860	67.448	(14.173.391)	6.872.099

MINERVA INSURANCE COMPANY PUBLIC LIMITED CONDENSED CONSOLIDATED STATEMENT OF

CASH FLOWS

for the half-year ended 30 June 2017

	1/1/2017 –	1/1/2016 –
	30/6/2017	30/6/2016
	€	€
Cash flow for operations	(302.319)	(642.939)
Interest paid	(43.547)	(53.550)
Tax paid	(160.090)	(7.392)
Net cash flow for operations	(505.956)	(703.881)
Cash flow from investing activities
Payments for purchase of property. plant and equipment	(56.128)	(12.726)
Payments for purchase of intangible assets	(14.661)	(8.549)
Payments for purchase of investments held to maturity	-	(122.214)
Payments for purchase of financial assets at fair value
through profit and loss	(121.289)	(74.936)
Proceeds from the sale of financial assets at fair value
through profit and loss	135.940	213.440
Interest received	130.248	148.845
Net cash flow from investing activities	74.110	143.860
Cash flow from financing activities
Proceeds of new loans minus repayment of loans	(109.401)	(101.915)

Net cash flow for financing activities	(109.401)	(101.915)
Net decrease in cash and cash equivalents	(541.247)	(661.936)
Cash and cash equivalents at beginning of period	8.558.050	9.810.832

Cash and cash equivalents at end of period	8.016.803	9.148.896
Cash and cash equivalents consist of:
Cash. bank balances and other deposits	8.198.988	9.650.245
Bank overdrafts	(182.185)	(501.349)

	8.016.803	9.148.896