References:				(€ million)	31/12/2016	31/12/2015
26		1.1		Net earned premiums	65,352	68,507
			1.1.1	Gross earned premiums	67,176	70,400
			1.1.2	Earned premiums ceded	-1,824	-1,894
27		1.2		Fee and commission income and income from financial service activities	1,010	1,094
28		1.3		Net income from financial instruments at fair value through profit or loss	1,822	1,941
				of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds	1,727	2,275
29		1.4		Income from subsidiaries, associated companies and joint ventures	133	130
30		1.5		Income from other financial instruments and land and buildings (investment properties)	14,860	16,219
			1.5.1	Interest income	9,955	10,075
			1.5.2	Other income	2,043	2,065
			1.5.3	Realized gains	2,605	3,873
			1.5.4	Unrealized gains and reversal of impairment losses	258	206
31		1.6		Other income	2,927	4,070
	1			TOTAL INCOME	86,103	91,961
32		2.1		Net insurance benefits and claims	-63,963	-69,091
			2.1.1	Claims paid and change in insurance provisions	-64,916	-70,204
			2.1.2	Reinsurers' share	953	1,113
33		2.2		Fee and commission expenses and expenses from financial service activities	-611	-586
34		2.3		Expenses from subsidiaries, associated companies and joint ventures	-43	-16
35		2.4		Expenses from other financial instruments and land and buildings (investment properties)	-3,425	-3,215
			2.4.1	Interest expense	-1,110	-1,103
			2.4.2	Other expenses	-350	-390
			2.4.3	Realized losses	-471	-686
			2.4.4	Unrealized losses and impairment losses	-1,495	-1,035
36		2.5		Acquisition and administration costs	-10,838	-10,856
			2.5.1	Commissions and other acquisition costs	-8,056	-8,179
			2.5.2	Investment management expenses	-188	-96
			2.5.3	Other administration costs	-2,594	-2,581
37		2.6		Other expenses	-4,066	-4,792
	2			TOTAL EXPENSES	-82,947	-88,555
				EARNINGS BEFORE TAXES	3,157	3,407
38	3			Income taxes	-918	-1,112
	4			EARNINGS AFTER TAXES	2,239	2,295
				RESULT OF DISCONTINUED OPERATIONS	0	-35
				CONSOLIDATED RESULT OF THE PERIOD	2,239	2,259
				Result of the period attributable to the Group	2,081	2,030
				Result of the period attributable to minority interests	158	229
16				EARNING PER SHARE
				Basic earnings per share (€)	1.34	1.30
				From continuing operations	1.34	1.33
				Diluted earnings per share (€)	1.32	1.29
				From continuing operations	1.32	1.31