Acquisition and administration costs

  Financial segment
(€ million) 31.12.2012 31.12.2011
Net acquisition costs and other commissions 0 0
Investment management expenses(1) 6 0
Other administration costs 862 915
Total 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.

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Financial segment69.27 KB