Consolidated Results for the first half of 2019 approved

• The consolidated net profit amounted to €377m, up 7.4% from the normalised result of €351m at 30 June 2018
• Direct insurance income of €7.3bn (+18.5%)
• Non-Life business: €4.1bn (+2.6%)
• Life business: €3.2bn (+48.4%)
• Net of reinsurance combined ratio 94.6%, an improvement on the figure of 95.1% recorded in the first half of 2018
• Individual solvency ratio of 264%

Delivery of the first operations reflecting the guidelines set out in the 2019- 2021 Strategic Plan:

• Agreement with all the trade unions on the Solidarity Fund and other forms of voluntary redundancy for approximately 750 employees. The agreement also calls for pro-active policies on employment, including hiring 300 new professionals
• Purchase of the entire shareholding of Car Server (long-term car rental company) for €96m