Promina Group Limited (Promina) is pleased to announce a net profit after tax of $505 million for the year ended 31 December 2005. This is an increase of 9.8 percent from 2004 and was delivered in a year in which the general insurance sector came under increased revenue pressure.

The $505 million net profit result represents a return on equity of 20.3 percent, with earnings per ordinary share up 4.4 cents on 2004 to 47.7 cents per ordinary share.

Media Release The media release on Promina's full year results is attached below.