Fondiaria-Sai Group: preliminary results for the year 2009

Corporate: Financial
Tuesday, February 16, 2010

Fondiaria-Sai Group: in 2009 consolidated premiums of euro 12.3 billion growth of 7%

 

Highlights

 

FONDIARIA-SAI GROUP premiums written in 2009:

 

Direct Motor premiums written € 4,648 mil. (-3.2%)
Direct other Non-Life premiums written € 2,514 mil. (+1.1%)
Direct Life premiums written € 5,135 mil. (+22.1%)
Total € 12,297 mil. (+7.0%)

 

FONDIARIA-SAI S.p.A. premiums written in 2009:

 

Direct Motor premiums written € 2,424 mil. (-3.2%)
Direct other Non-Life premiums written € 1,312 mil. (+2.6%)
Direct Life premiums written € 1,062 mil. (-6.1%)
Total € 4,798 mil. (-2.5%)

 

Following the Board of Directors’ meeting, the Chief Executive Officer Mr. Fausto Marchionni commented:
“The difficult market, affected by structural and extraordinary issues, led to the undertaking of farreaching measures to secure profitability, enabling us to head into 2010 with greater confidence. We are satisfied with the results borne out to date while remaining ready to act further if necessary.”

In a meeting chaired by Jonella Ligresti, the Fondiaria-SAI S.p.A. Board of Directors met today to review the preliminary results for 2009.

Please read pdf document.