First Q1 2012 performance indicators

In advance of the press release to be issued following the Shareholders’ Meeting, it is reported that during the meeting the first indicators of the Q1 2012 performance were outlined, as reported below:

• Parent Company Non-Life direct premiums written of approx. Euro 850 million, a contraction of 3.4% on Q1 2011, of which approx. Euro 495 million in the Motor TPL class (-2%). Consolidated direct premiums written of Euro 1,630 million, a contraction of 6.1% on Q1 2011, of which Euro 1,100 million in the Motor classes (Euro 1,172 million in Q1 2011, - 6.1%);
• Parent Company Life direct premiums written of approx. Euro 197 million (-32.1% on Q1 2011); Consolidated total of approx. Euro 860 million (-31.2%);
• Parent Company claims down 3.5%: In the Motor TPL class the drop was 13.5%;
• Motor TPL claim frequency of 8.1%, an improvement on Q1 2011; savings of approx. Euro 100 million were made in prior generation Motor TPL claims settlement, equal to approx. 29% of the reserve.

Based on these first indications - and considering also the financial management performance - a positive performance is expected to be returned for the first three months of the year.

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