Premiums collection




Total premiums written amounted to € 69,613 million, with a growth of 3.2% on equivalent terms compared to 31 December 2011, thanks to the growth of the property&casualty segment. The 2011 volumes include the Migdal Group premiums written, the sale of which was completed at the end of October 2012; without these volumes, the 2011 premiums written would be € 67,368 million.

Life premiums written amounted to € 46,810 million, recording a good resilience (+3.1% on equivalent terms), with a strong increase compared to the trend observed over 9 months (+0.4 pp): in fact, the growth of annual premiums has been confirmed, which adds to the recovery of single premium production observed in the last quarter of the year.
With reference to business lines, a good performance was reported by savings and pension policies (up 5.8% on equivalent terms) and protection policies (+3,2% on equivalent terms), which more than offset the decline of linked contracts (−6.7% on equivalent terms), whose premiums written were again conditioned by the volatility in financial markets.

The growth shown during the year by property&casualty premiums written continued, reaching € 22,803 million. The increase by 3.3% on equivalent terms was generated by the growth of the Motor line (+1.4% on equivalent terms) and more markedly of the Non-motor line (+4.6% on equivalent terms) thanks to the growth of all lines of business.

Revenue development by segment68.47 KB
FY12 P&C premiums by country and business line69.56 KB
FY12 Life premiums by country and business line70.08 KB