1Q 2013 Activity Indicators

• Total revenues of Euro 28.9 billion growing at 3%
• Life & Savings APE of Euro 1.8 billion up 9% driven by rebound in Unit-Linked and continuing growth in Protection & Health ; NBV up 19% to Euro 0.6 billion
• Property & Casualty revenues of Euro 10.2 billion up 2% driven by disciplined underwriting policy, both in terms of rates and selectivity
• Asset Management revenues of Euro 0.8 billion up 8% with net inflows rebounding to over Euro 8 billion

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