Financial highlights
The Group closed the year 2016 with excellent results which confirm the strength of its strategy and the effectiveness of its implementation.
Key 2016 financials at a glance
| FY15 | FY16 | Δ (LFL1) | |
VOLUMES |
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| Gross written premiums (Euro m) | 74,165 | 70,513 | -3.9% |
| of which Life | 53,297 | 49,730 | -6.3% |
| of which P&C | 20,868 | 20,783 | +2.1% |
| Life Net Inflows | 14,920 | 12,049 | -18.5% |
PROFITABILITY |
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| Operating results (Euro m) | 4,785 | 4,830 | +0.9% |
| Operating RoE | 14.0% | 13.5% | -0.5 pts |
| Net result (Euro m) | 2,030 | 2,081 | +2.5 % |
| New Business Margin | 21.0% | 25.9% | +4.8% pts |
| Combined Ratio | 93.1% | 92.5% | -0.7% pts |
CASH & DIVIDENDS |
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| Net operating cash generation (Parent view, Euro m) | 1,657 | 1,877 | +13.3% |
| Dividend per share (Euro) | 0.72 | 0.80 | +11% |
CAPITAL |
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| Shareholder's equity | 23,565 | 24,545 | +4.2% |
| Solvency II ratio Internal Model view | 171% | 177% | +6% pts |
| Solvency II ratio Regulatory view | 202% | 194% | -8% pts |
(1) Constant perimeter and exchange rates