Acquisition 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

(1) Before the elimination of intra-group transactions between segments

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.