Indequity Group Limited reported unaudited consolidated financial results for the six months ended March 31, 2017. For the period, the company reported gross written premium of ZAR 26,388,000 against ZAR 24,074,000 for the same period of last year. Total income was ZAR 25,725,000 against ZAR 23,809,000 for the same period of last year. Profit before taxation was ZAR 3,865,000 against ZAR 4,734,000 for the same period of last year. Profit attributable to equity holders of the parent was ZAR 3,216,000 against ZAR 3,533,000 for the same period of last year. Earnings per basic and diluted share were 22.66 cents against 30.98 cents for the same period of last year. Net cash from operating activities was ZAR 2,043,000 against ZAR 4,023,000 for the same period of last year. Movement in intangible assets was ZAR 327,000. Movement in fixed assets was ZAR 1,348,000. Fully diluted headline earnings per share were 24.05 cents against 30.98 cents for the same period of last year. Against this backdrop, the company's headline earnings per share for the six months ended March 31, 2017 decreased by 22% when compared to the headline earnings per share for the six months ended March 31, 2016. The main reason for this decline was the severe flooding experienced in Gauteng in November 2016, resulting in ZAR 1.4 million in additional claims in November 2016 compared to November 2015. Headline earnings were ZAR 3,390,000 against ZAR 3,533,000 for the same period of last year.