The first quarter financial results of the Agricultural Bank Group insurance companies, AGRICULTURAL INSURANCE and AGRICULTURAL LIFE, are especially positive. Agricultural Life insurance company achieved a significant increase of 55% in new production, exceeding 2 bill. GRD as against 1,315 mil. GRD in the respective period last year. The company's portfolio also increased by 28.5% reaching 5,845 mil. GRD as compared to 4,548 mil. GRD in the first quarter of 2000.The increase in production is due to the promotion of classic pension plans (low risk) as well as the promotion of health insurance products. Agricultural Insurance company realized a production increase of 7.2% (7,735 mil. GRD as against 7,221 mil. GRD in the first quarter of 2000). According to the latest data, Agricultural Insurance continues firmly to improve the composition of their portfolio by increasing the share of profitable sectors and decreasing those suffering losses. Automobile civil liability decreased by 50% as against 65% two years ago.The two companies' profitability is expected to range in the same levels as last year, according to the results thus far, which lead to the conclusion that the goals set for 2001 will be accomplished. In the meantime, the proposals' submission procedure has been concluded, by the selected consultant, with regard to the creation of a unified business scheme for the two companies, and the shareholder will soon be in a position to announce the final decisions. Meanwhile, AGRICULTURAL ASSET MANAGEMENT, the ABG Group's Investment Services S.A., is in the process of designing new investment · pension plans, which will be promoted through Agricultural Life insurance company and the ABG branch offices.