Consolidated Net Profit was at 47 million euro, an increase of 157% compared to the results for the same period last year. | |
Consolidated Assets under Administration, grew by 18% with respect to March 31, 2003, totalling 24,597 million euro. | |
The Sales Network of the Mediolanum Group (Italy, Spain and Germany) reached a total of 5,532 exclusive advisors , and increase of 3% with respect to March 31, 2003. |
Net Profit was at 54 million euro, a growth of 94% with respect to the results of last year. | |
Assets under Administration grew 18% with respect to March 31, 2003, totalling 20,340 million euro. | |
Net Inflows into Managed Savings, totalling 422 million euro, grew by 15% with respect to first quarter of 2003, and were positive in each months. The Life business made a major contribution, with net inflows of 366 million euro, a growth of 59% with respect to the same period last year. | |
Gross Premiums Written in total came to 549 million euro, an increase of 39% with respect to the first quarter of last year. New Business in Recurring Premiums (exclusively unit-linked) contributed 47 million euro, an increase of 46% with respect to the first quarter of 2003, while Single Premiums added 316 million euro, +60% for the same period. | |
Mutual Funds & Managed Accounts registered Gross Inflows of 452 million euro, +11% with respect to the same period last year. | |
As at March 31, 2004, the Sales Network of Banca Mediolanum recorded a total of 4,978 financial advisors – in line with March 31, 2003 (4,983) – of which 4,049 were licensed. | |
There were a total of 780,700 Primary Account Holders as at March 31, 2004 increasing 3% with respect to last year. |
SPAIN closed the quarter with a net profit of 0.3 million euro compared to breakeven for the same period last year. Assets under Administration grew by 7% with respect to March 31, 2003, totalling 1,966 million euro. | |
BANCA ESPERIA registered a profit of 1.4 million euro (0.7 million euro for Mediolanum’s share), against a loss of 2.1 million euro for the same period last year (1.0 million euro pertain to the Mediolanum Group). Assets under Administration reached 3,448 million euro, (1,672 million euro for Mediolanum’s share), an increase of 34% with respect to last year. |