Fondiaria-Sai S.p.A.: consolidated interim report at September 30, 2009 approved
Monday, November 9, 2009
Group balance sheet solidity strengthened: solvency margin of over 140%
Total premiums written of euro 9,201 million, +13% (euro 8,143 million in 9m2008)
Life division premiums written of euro 4,058 million (+42.5%)
Direct premiums written
- In the Non-Life division: Euro 5,135.4 million (-2.9%)
- In the Life division: Euro 4,056.9 million (+42.5%)
Technical performance
- Combined operating ratio rises to 100.2% from 92.2%; Combined ratio to 103.3% from 95.5% - two percentage points of which attributable to catastrophic and natural events
- APE of Euro 375 million (+33.5%)
Result for the period
- Consolidated net profit of Euro 0.8 million (Euro 385.0 million in 9M2008)
Balance Sheet Solidity
- Shareholders’ equity of Euro 4,083 million (Euro 3,895 million at 31/12/2008)
- Group Solvency Margin over 140%, up over 10% on 31/12/2008.
The Fondiaria-SAI S.p.A. Board of Directors, meeting today, approved the consolidated results for the third quarter of 2009.
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