English
ItalianoAcquisition and administration costs
| Non-life segment | Life segment | Financial segment | ||||
|---|---|---|---|---|---|---|
| (€ million) | 31.12.2012 | 31.12.2011 | 31.12.2012 | 31.12.2011 | 31.12.2012 | 31.12.2011 |
| Net acquisition costs and other commissions | 4,452 | 4,462 | 3,969 | 4,064 | 0 | 0 |
| Investment management expenses(1) |
68 | 72 | 178 | 176 | 6 | 0 |
| Other administration costs | 1,292 | 1,297 | 1,024 | 1,118 | 862 | 915 |
| Total | 5,812 | 5,831 | 5,172 | 5,359 | 868 | 915 |
In other administration costs of the life segment, administration expenses related to investment contracts amounted to € 60 million compared to € 55 million in 2011, while administrative expenses of non-insurance companies amounted to € 10 million compared to € 45 million in 2011. In the non-life segment, administrative expenses of non-insurance companies amounted to € 45 million, compared to € 59 million in 2011, of which € 28 million (€ 44 million in 2011) referred to the real estate activity.
