Results for the first Half of 2014 approved
Wednesday, August 6, 2014
- Consolidated net profit of €240m (+18.7% compared to €202m in the first half of 2013
- Direct insurance income of €10,070m (+10.7%)
- Non-Life business: premium income of €4,753m (-6.8%)
- Life business: income of €5,318m (+33%)
- Combined ratio at 93.4%
- Structured notes portfolio reduced by over €1.2bn in the first half of the year; capital gains of €24m
- Solvency margin 1.6 times the regulatory requirements (stable compared to 31 December 2013)