Liberty Holdings Limited reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported insurance premiums ZAR 18,386 million against ZAR 19,438 million a year ago. Net insurance premiums were ZAR 17,367 million against ZAR 18,469 million a year ago. Total income was ZAR 27,425 million against ZAR 35,786 million a year ago. Profit before taxation was ZAR 2,480 million against ZAR 2,973 million a year ago. Total earnings were ZAR 1,700 million against ZAR 1,802 million a year ago. Total earnings attributable to shareholders' equity were ZAR 1,522 million against ZAR 1,541 million a year ago. Fully diluted basic earnings per share were 547.5 cents against 553.3 cents a year ago. Negative cash flows from operating activities was ZAR 9,982 million against cash flows from operating activities of ZAR 1,854 million a year ago. Net purchase of other assets was ZAR 266 million against ZAR 123 million a year ago. Basic earnings attributable to ordinary shareholders were ZAR 1,521 million against ZAR 1,540 million a year ago. Headline earnings attributable to ordinary shareholders were ZAR 1,521 million against ZAR 1,540 million a year ago. Normalised headline earnings attributable to ordinary shareholders were ZAR 1,332 million against ZAR 1,267 million a year ago. Total basic earnings per share attributable to ordinary shareholders were 563.5 cents against 568.5 cents a year ago. Total basic headline earnings per share attributable to ordinary shareholders were 563.5 cents against 568.5 cents a year ago. Total basic normalized headline earnings per share attributable to ordinary shareholders were 482.0 cents against 456.7 cents a year ago. The normalized operating earnings were supported by increased earnings from the South African insurance operations and the STANLIB businesses. Fully diluted basic earnings per share were 547.5 cents against 553.3 cents a year ago. Normalised return on IFRS equity was 12.1% against 11.7% a year ago. Normalised group equity value per share was ZAR 138.66 against ZAR 143.16 a year ago. Normalised return on group equity value was 5.0% against 2.3% a year ago.