Auditor  company  "Price  WaterhousCoopers"  has  audited  JSC  "Balta"

consolidate  financial  results  for I half of 2000. Profit after taxes

has been confirmed LVL

1  131 033, minority interest - LVL 8 414 and profit before taxes - LVL

1 482

699.

JSC "Balta" registered share capital is LVL 4 652 067, equity capital -

LVL 8

624  107,  technical reserves - LVL 12 642 689. Investments on June 30,

2000 are LVL 19 412 209. Total assets - LVL 27 094 607.

In 8 month of 2000 IG "Balta" has signed in non-life insurance premiums

LVL 12

986  591,  in  life  insurance - LVL 688 256, therefore JSC "Balta" has

sustained  leading  positions  in  these  insurance  fields.  Insurance

compensations paid out during this period are LVL 5 721 808 and LVL 275

424 respectively. Total compensation level is 44,1%.

IG  "Balta"  was formed in 1999. At present this group consists of risk

insurance  JSC  "Balta",  "Rīgas  Apdrošināšanas  sabiedrība"  and life

insurance company "Latva". This group represents 22% of risk and 26% of

life insurance market in Latvia based on signed insurance premiums.