Premiums written rose by 4.3 per cent to €5,033.1 million Combined ratio almost unchanged at 94.4 per cent despite major losses and storms Depreciation, amortisation and impairment losses reduced net investment income by 11.7 per cent to €368.8 million Earnings before taxes of €275 million only slightly below the previous year’s level despite this (–7.8 per cent) Solvency II capital requirement ratio stands at a strong 244 per cent Outlook: strong core business, no forecast for development of capital markets