Fondiaria-Sai S.p.A.: parent company and consolidated financial statements for 2009 approved

GROWTH IN CONSOLIDATED PREMIUMS WRITTEN: Euro 12,307 MILLION (+7.0%) 

HIGH BALANCE SHEET SOLIDITY:

• parent company margin of 273% (277% in 2008); 
• consolidated margin of 121% (130% in 2008); 
• solvency ii consolidated margin, internal model, 144% (167% in 2008)

MAINTAINENCE OF PRUDENT RESERVE CRITERIA:

• parent company reserve ratio increased to 164.9% from 157.6% 
• consolidated reserve ratio increased to 162.7% from 154.6%

PARENT COMPANY FINANCIAL STATEMENTS (Italian GAAP accounting standards)

• Profit before taxes: Euro 36.1 million (Euro 34.9 million in 2008) 
• Net Profit for the year: Euro 40.2 million (Euro 69.6 million in 2008)

CONSOLIDATED FINANCIAL STATEMENTS (IFRS accounting standards) 

• ƒComprehensive income statement: loss of Euro 32.3 million (loss of Euro 823.2 million in 2008) ƒ
  
• Net equity: Euro 2,716.2 million (Euro 2,934.8 million at the end of 2008) ƒ
  
• Group net result: loss of Euro 342.6 million (profit of Euro 87.4 million in 2008) ƒ
  
• Consolidated result: loss of Euro 391.5 million (profit of Euro 90.8 million in 2008)