Germany

Timeline

Key figures, highlights and economic context (2011)

Gross premiums written	Life market share	Non-Life market share
€ 16.6 bn	10.8%	5.4%

Generali Deutschland ranks number 2 in Germany in terms of direct premium income and is market leader in Riester, Unit-Linked and term life insurance.
The Group, which is focused on retail business, offers a complete set of innovative products to fully meet the needs of 13,5 million clients in life, health, property and casualty insurance and also in the financial services sector. The strategy aims at exploiting the competitive advantage represented by the multi-channel distribution system, that maintains a leading position within the different sales channels (financial advisors of DVAG network, direct channel, traditional distribution channels). At the same time, the Group is focused on taking advantage of the synergies between the different operative business units, through the integration and optimization of the back-office activities in common service companies.

Pop. (mio)	Life expect. (yrs)	Mobile ph. (mio)*	Internet hosts (mio)	Infla- tion (%)	Unemploy-ment (%)	GDP pc (€)*	Ins. Pre. pc (€)*	Prem. /GDP (%)*
83	80.07	105	22	1.1	7.4	26.842	1.714	5.6

* 2009 figures

Source: The World Factbook 2010, AXCO Global Statistics

The Group structure

Group companies

Generali Versicherungen

Company headquartered in Munich, resulting from the merger of Generali Versicherungen and Volksfürsorge
Ranking number 5 in the German Life and P&C market
Strong competitive position in the traditional distribution channels, relying on almost 6.800 full-time agents (self-employed and employed), about 12.000 part-time sellers and 14.000 brokers

Aachen Münchener

Focus on Life business (80% of total gross written premiums)
Ranking number two in Life market
One of the market leaders in Riester pensions and in Unit-Linked business
Exclusive distribution agreement with Deutsche Vermögensberatung (DVAG), the biggest financial advisors network in Germany, with more than 37.000 sellers.

Cosmos Direkt

Focus on Life business (90% of the gross written premiums)
Market leader in term Life assurance
The main direct insurance company in the German market, now expanding online services and combinig them with personal advice

Central Krankenversicherung

The company of Generali Deutschland Group specialised in Health business
One of the main private players in the German Health sector as for premium income, with more than 1,8 million clients
The first Health insurance company to issue shares, in 1913

Advocard Rechtsschutzversicherung

One of the leading companies in the German Legal Protection market
Products are sold through all Generali Deutschland Group distribution channels

Dialog Lebensversicherung AG

Company specialised in biometric risks (term life, professional disability, Unit-Linked pension products)
Its products are sold by brokers
Strong growth in the last years, thanks to the high level of expertise and to the excellent customer service

Deutsche Bausparkasse Badenia

One of the first private German "Bausparkassen" (homeloans banks/real estate saving companies) in terms of portfolio contract sum
It has 1,2 million clients over the whole German territory, to whom it offers real estate financing
It relies on an important distribution agreement with DVAG

Management

Dietmar Meister
CEO of Generali Deutschland Holding AG

Christoph Schmallenbach
Member of the board of Generali Deutschland Holding AG

Dr. Torsten Utecht
Member of the board of Generali Deutschland Holding AG

Contacts

Contact person:
Andrea Timmesfeld - Generali Deutschland Group Press Manager