Consolidated Net Profit was at 110 million euro, an increase of 22% compared to the results for the same period last year. | |
Consolidated Assets under Administration , grew by 9% with respect to September 30 , 2003, totalling 24,998 million euro. | |
The Sales Network of the Mediolanum Group (Italy, Spain and Germany) reached a total of 5,416 exclusive advisors , substantially in line with the first nine months of 2003 (-1%). |
Net Profit was at 135 million euro, a growth of 16% with respect to the results of last year. | |
Assets under Administration grew 7% with respect to September 30, 2003, totalling 20,487 million euro. | |
Net Inflows into Managed Savings , totalling 1,012 million euro, remained positive each month (-19% with respect to the first nine months of 2003, 1,256 million euro). The Life business made a major contribution, with net inflows of 982 million euro, a growth of 22% with respect to the same period last year. | |
Gross Premiums Written in total came to 1,648 million euro, an increase of 30% with respect to the same period last year. In particular, Life New Business grew 40% (euro 1,069 million), with New Business in Recurring Premiums (exclusively unit-linked) contributing 126 million euro, an increase of 30%, and Single Premiums adding 944 million euro, +41%. | |
Mutual Funds & Managed Accounts registered Gross Inflows of 1,104 million euro, decreasing 11% with respect to the same period last year. | |
As at September 30, 2004, the Sales Network of Banca Mediolanum totalled 4,859 financial advisors – of which 4,078 licensed compared to 4,092 for last year. | |
There were a total of 782,000 Primary Account Holders as at September 30, 2004, an increase of 2% with respect to last year. |
Net Profit for the activities in SPAIN came to 1.1 million euro, an increase compared to same period last year (-0.6 million euro). Assets under Administration grew by 5% with respect to September 30, 2003, totalling 1,997 million euro. | |
BANCA ESPERIA registered a profit of 2.9 million euro (1.4 million euro for Mediolanum's share), +42% with respect to the same period last year (2.1 million euro). Assets under Administration reached 4,176 million euro, (2,025 million euro for Mediolanum's share), an increase of 49% with respect to September 30, 2003. |