2017 Half-Year Results: Significant increase in net income at €286 million

• Premium income of €9.2 billion, up +1.6%

– Targeted development, particularly with the development of the unit-linked individual savings/pensions business activity and the growth both in group health insurance and group protection insurance premium income

– Growth in property and casualty insurance and in life and health insurance

• Net income of €286 million, up +€217 million

– Economic operating income of €154 million

– A non-life combined ratio of 99.7%, despite high weather related losses

– Active transformation of the life insurance portfolio with a share of unit-linked in individual savings reserves of 25%

– Disoposal of holdings in Icade and OTP Bank under good market conditions

• A Solvency 2 ratio of 326%, up +37 points since 31 December 2016

– Shareholders’ equity of €8.8 billion

– Mutual certificates outstandings of €375 million at 30 June 2017, including €185 million collected in the 1^st half of 2017