2014 Annual Results

Business growth consistent with the strategy

• Group premium income of €13.6 billion
• Selective development in France
• International growth

Substantially stronger technical and operating performance

• Improvement of the combined ratio in non-life insurance to 99.0% (-1.8 point)
• Increase in the share of unit-linked policies in individual savings inflows to 38.1% (+9.5 points)
• Further reduction of general expenses by more than €100 million in 2014
• Significant growth in economic operating income to €129 million (+€119 million)

A net profit of €257 million
A solid solvency margin of 253%, up 53 points compared with 2013