PREMIUMS DEVELOPMENT

Gross written premiums in the P&C segment continued the recovery in place during the year, standing at € 20,783 million. The performance (on a like-for-like basis, +2.1%) can be attributed to the development of the motor segment (+4.3%), driven by Spain, CEE Countries, Germany and Argentina, which more than offset the continuing decline in motor premium income in Italy (-5.2%). France is stable.

Non-motor premium income is also up slightly (+0.5%), benefitting from positive development in general across the countries in which the Group carries on business, with the exception of Italy.

PREMIUMS DEVELOPMENT