Acquisition and administration costs

 Non-life segmentLife segmentFinancial segment
(€ million)31.12.201331.12.201231.12.201331.12.201231.12.201331.12.2012
Net acquisition costs and other commissions 4,210 4,170 3,766 3,864 0 0
Investment management expenses(*) 55 65 188 177 9 6
other administration costs 1,210 1,236 935 972 842 862
Total 5,476 5,471 4,889 5,013 850 868

(*) Before the elimination of intra-group transactions between segments

In other administration costs of the life segment, administration expenses related to investment contracts amounted to € 59
million (€ 60 million at 31 December 2012), while administrative expenses of non-insurance companies remained stable at € 10
million compared to the previous year. In the non-life segment, administrative expenses of non-insurance companies amounted to € 49 million (€ 43 million at 31 December 2012), of which € 29 million (€ 28 million at 31 December 2012) referred to the real estate activity.

Assicurazioni Generali S.p.A. - C.F. e P.IVA 00079760328