Interim Group management report to 31 march 2012 approved

• Consolidated net profit €71m (€33m in the first quarter of 2011¹⁾;
• Combined Ratio 93.1% (100.3% in the first quarter of 2011);
• Solvency margin 1.5 times the statutory requirements (before applying the ISVAP 'anticrisis' Rulings); more than €1bn of excess capital;
• Direct banking deposits +2.1% compared with 2011. Unipol Banca Core Tier 1 ratio 8.4% (8.2% in 2011)

¹Excluding BNL Vita