Consolidated Financial Statements for the half year to 30 June 2010 approved

Corporate
Thursday, August 5, 2010

Combined Ratio 103.5%, improving from 108% at the end of 2009 and from 105% in the first quarter of 2010

Non-Life Income €2,068m for the half year, down 4.4% compared with the first half of 2009, as a result of more selective, planned underwriting policies

Life income €2,340m for the half year, with the second quarter of the year in line with the first quarter (-15.6% compared with the first half of 2009, which had benefited from a nonrecurring spike in income)

Net pre-tax profit in the second quarter €58m (up compared with €24m in the first quarter). Result for the half year €82m (-23% compared with the first half of 2009)

Consolidated net profit €29m in the second quarter (compared with €1m in the first quarter). Positive result at the half-year point of €30m (-53% compared with the first half of 2009)