Shareholders’equity

Shareholders'equity

Shareholders’ equity attributable to the Group amounted to € 19,828 million (€ 15,486 million at 31 December 2011). The 28.0% increase was mainly attributable to:

• the result of the period attributable to the Group, amounting to € 90 million (€ 856 million at 31 December 2011)
• the dividend distribution of € −311 million (€ −544 million at 31 December 2011)
• other comprehensive income amounting to € 4,628 million (€ −2,022 million at 31 December 2011).

In particular, unrealized gains and losses on available for sale financial assets, net of life deferred policyholder liabilities and deferred taxes, recorded during the period amount to € 4,746 million (€ −1,971 million during the corresponding previous period), benefitting from the recovery in the value of all asset classes compared with the decrease reported during the previous period. At the end of the period the reserve for unrealized gains and losses on available for sale financial assets amounted to € 2,591 million compared to € -2,156 million at 31 December 2011.