Fondiaria-SAI: the Board of Directors examined the first FY2003 figures
Wednesday, February 18, 2004
FONDIARIA – SAI GROUP: INTEGRATION ACHIEVED,
GROSS WRITTEN PREMIUMS REACH EURO 9,213 M.
The Board of Directors of FONDIARIA-SAI S.p.A. met today, chaired by Jonella LIGRESTI, and examined the first FY2003 figures.
The Group’s direct premiums written in 2003 amounted to € 9,213.4 m., showing an increase of 8.1% compared with the 2002 figures.
In the P&C business premiums amounted to € 6,801.6 m. (+4.4%).
Life business premiums reached € 2,411.8 m. (+20.2%). This result reflects the continuing positive contribution made by the bancassurance companies, and in particular the significant effort made by the Agency network, in line with the targets set for rebalancing the life portfolio.
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