| Assets under Administration totalled 19.432 million euro growing 10% compared to December 31, 2002. | |
| Net Inflows into Managed Savings totalled 1,868 million euro, an increase of 12% compared to 2002, thanks to a strong fourth quarter growth (611 million euro) compared to the same quarter the prior year (+69%). Net inflows were positive in each of the twelve months. Net Inflows into Life totalled 1,423 million euro, an increase of 27%. It should be noted that the fourth quarter of 2003 at 620 million euro showed a growth of 162% compared to the same period in 2002. Administered Savings registered negative net inflows of 360 million euro. Thus, total Net Inflows amounted to 1,508 million euro. | |
| Gross Premiums Written totalled 2,058 million euro, declining by 3% with respect to the prior year, recuperating the negative performance for the nine months ending in September (-21%), thanks to a fourth quarter (789 million euro) that grew by 55% with respect to the same period the prior year. When the impact of the transformation of traditional policies into index-linked is excluded, Gross Premiums Written register an increase of 9%, with New Business Recurring Premiums (exclusively unit-linked) contributing 107 million euro (-18%) and Single Premiums 1,124 million euro (+12%). | |
| Mutual Funds & Managed Accounts registered gross inflows of 1,620 million euro, -28% compared to the prior year. If the impact of the transformation of mutual funds into Managed Accounts that took place during 2002 are excluded, Gross Inflows into Mutual Funds & Managed Accounts register a decrease of 3%. | |
| As at December 31, 2003, the Sales Network of Banca Mediolanum recorded a total of 5,004 financial advisors, almost unchanged with respect to December 31, 2002 (5,015), of which 4,052 are licensed financial advisors. It should be noted that during the second half of 2003, the number in the Sales Network increased by 149. Adding in the 1,063 Partner Time insurance agents, the Sales Network in Italy reached a total of 6,067 individuals. | |
| There were a total of 332,700 bank accounts as at December 31, 2003, compared to 339,000 as at December 31 the prior year. | |
| There were a total of about 778,000 Primary Account Holders as at December 31, 2003, an increase of 2% compared to the same date the prior year. | |
| With reference to Banca Esperia, the Private Banking joint venture between Mediolanum and Mediobanca, Consolidated Assets reached 3,170 million euro (Mediolanum's share: 1,538 million euro) increasing 41% year-on-year. Net Inflows totalled 1,148 million euro, +28% with respect to the prior year (Mediolanum's share: 557 million euro), mainly thanks to the contribution of managed savings with 917 million euro, +29% (Mediolanum's share 445 million euro). |
| Total Gross Inflows, at 539 million euro, registered a growth of 59% compared to the first 12 months of the prior year, with a result that was particularly positive with respect to Managed savings, which came to 492 million euro, +67% compared to the prior year. | |
| Total Net Inflows grew by 147% compared to the prior year, coming in at 146 million euro. Managed savings made the major contribution to this result (113 million euro), more than triple the result for the prior year. | |
| As at December 30, 2003, the Sales Network of the Fibanc Group registered a total of 532 agents. The increase (+45%) in the number of financial advisors (Mediolanum model) to 375 individuals at the end of the year should be highlighted. |
