References:	(€ million)	31/12/2017	31/12/2016
26	1.1 Net earned premiums	64,604	64,944
	1.1.1 Gross earned premiums	66,363	66,733
	1.1.2 Earned premiums ceded	-1,759	-1,789
27	1.2 Fee and commission income and income from financial service activities	1,080	959
28	1.3 Net income from financial instruments at fair value through profit or loss	5,326	1,784
	of which net income from financial instruments where the investment risk is borne by the policyholders and related to pension funds	4,107	1,706
29	1.4 Income from subsidiaries, associated companies and joint ventures	135	131
30	1.5 Income from other financial instruments and land and buildings (investment properties)	14,880	14,782
	1.5.1 Interest income	9,542	9,878
	1.5.2 Other income	2,221	2,043
	1.5.3 Realized gains	2,881	2,604
	1.5.4 Unrealized gains and reversal of impairment losses	237	258
31	1.6 Other income	3,180	2,916
	1 TOTAL INCOME	89,204	85,518
32	2.1 Net insurance benefits and claims	-65,748	-63,616
	2.1.1 Claims paid and change in insurance provisions	-67,374	-64,558
	2.1.2 Reinsurers' share	1,626	942
33	2.2 Fee and commission expenses and expenses from financial service activities	-608	-611
34	2.3 Expenses from subsidiaries, associated companies and joint ventures	-18	-43
35	2.4 Expenses from other financial instruments and land and buildings (investment properties)	-2,784	-3,403
	2.4.1 Interest expense	-1,029	-1,088
	2.4.2 Other expenses	-388	-350
	2.4.3 Realized losses	-612	-471
	2.4.4 Unrealized losses and impairment losses	-755	-1,494
36	2.5 Acquisition and administration costs	-10,868	-10,698
	2.5.1 Commissions and other acquisition costs	-8,122	-7,964
	2.5.2 Investment management expenses	-171	-188
	2.5.3 Other administration costs	-2,575	-2,546
37	2.6 Other expenses	-5,493	-4,032
	2 TOTAL EXPENSES	-85,518	-82,403
	EARNINGS BEFORE TAXES	3,686	3,115
38	3 Income taxes	-1,173	-915
	EARNINGS AFTER TAXES	2,513	2,199
	4 RESULT OF DISCONTINUED OPERATIONS	-217	40
	CONSOLIDATED RESULT OF THE PERIOD	2,295	2,239
	Result of the period attributable to the Group	2,110	2,081
	Result of the period attributable to minority interests	185	158
16	EARNINGS PER SHARE
	Basic earnings per share (€)	1.35	1.34
	From continuing operations	1.49	1.34
	Diluted earnings per share (€)	1.33	1.32
	From continuing operations	1.47	1.32