Non-operating result

The non-operating result of the Life segment went from € -460 million at 31 December 2016 to € -299 million due to the increase in the non-operating result of investments, reflecting the lower net impairment losses, which stood at € -118 million (€-246 million at 31 December 2016) as well as higher realized gains (€ 26 million compared to € 3 million at 31 December 2016).

The other non-operating income and expenses decreased, amounting to € -206 million (€ -216 million at 31 December 2016), of which € -60 million related to the amortization of the value of acquired portfolios (€ -87 million at 31 December 2016).