2014 half-year results

Good performance in line with our strategic programme

Stable premium income of €9.2 billion

Selective development in France
International growth

Operating income in line with the Group’s strategy

Strong improvement of the combined ratio in non-life insurance at 98.5% (-2.4 points)
Part of the unit-linked products increased to 16.2% of the total reserves in individual savings (+2.9 points),
Economic operating income of €100 million

Net profit of €140 million

Solvency margin of 239%