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Overview of 2004 AEGIS Financials

We’ve finalized our financial results for 2004 and I'm pleased to report that AEGIS has had another good year. Our revenues increased slightly to $1.04 billion as many of you expanded your support of our London Syndicate and our domestic property program. Even after declaring our 17th consecutive continuity credit of $42 million and our second consecutive member property credit of $6 million, we were able to strengthen our surplus to a new high of $971 million. In April we'll publish our annual report and give you all the details.