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7

August 2008

Half Year 2008 Earnings Release

Starting time: 9:00 AM CEST

Ending time: 12:00 PM CEST

Half Year 2008 Earnings

Positive Underlying Earnings growth

  • Underlying Earnings up +7% to €2,766million
  • Adjusted Earnings down -1% to €3,290 million
  • Net Income down -29% to €2,162 million

Stable total revenues

  • Life & Savings New Business Volume down -6% to €3,611 million
  • Property & Casualty revenues up +2% to €14,519 million
  • Asset Management revenues down -3% to €2,102 million

Positive net inflows

  • Life & Savings net inflows: +€6.2 billion
  • P&C net new personal contracts: +551,000
  • Asset Management net inflows: +€2.2 billion

Very strong financial strength

  • Solvency I at 148%
  • Solvency II (QIS4) at ca. 175%

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