Liberty Life Insurance Public Company Limited reported interim management statement for the nine months to September 30, 2014. For the period, the deterioration of the financial condition in Cyprus, and the huge losses incurred in the financial sector of the Economy the economic results of the Group for the period January 1, 2014 to September 30, 2014 showed a profit of €466,036 compared to losses of €2,033,333 in the corresponding period of 2013. The deterioration of the financial condition in Cyprus, the increased flow of acquisitions of insurance contracts and the decision of the Superintendent of Insurance in December 2013 to suspend securing new insurance contracts in the life sector resulted in the decrease in net premiums for the first nine months of 2014 by 46.83% compared to the corresponding period of 2013 pushing them down to €3,056,095 compared to €5,747,253 in 2013.