Return on investment

 31.12.201331.12.2012
Net current return(*) 3.8% 4.1%
Harvesting rate 0.6% -0.3%
P&L return 4.4% 3.6%

(*) Net of depreciation of the period.

The current return of life segment investments declined slightly in all asset classes, from 4.1% at 31 December 2012 to 3.8%.

The contribution to the result of the period from harvesting operations increased to 0.6% (-0.3% at 31 December 2012), benefitting from greater net realized gains, in particular lower realized losses, lower impairment losses, especially on equities, which were only partially offset by the deterioration of the value of investments recognized through profit or loss.

Business performace of life segment
(€ million)31.12.201331.12.2012FOURTH QUARTER 2013FOURTH QUARTER 2012
Net operating income from financial instruments
at fair value through profit or loss
4,853 5,937 2,062 1,610
of which net income from financial assets and liabilities related
to unit and index-linked policies
4,101 4,563 1,823 1,155
Net operating income from other financial instruments 11,178 8,362 2,712 1,215
Interest income and other income 10,286 10,163 2,531 2,465
Net operating realized gains on other financial instruments and land
and buildings (investment properties)
2,089 955 470 455
Net operating impairment losses on other financial instruments and
land and buildings (investment properties)
-390 -1,978 -71 -1,469
Interest expense on liabilities linked to operating activities -261 -259 -63 -89
Other expenses from other financial instruments and land and buildings
(investment properties)
-545 -520 -155 -146
Net non-operating income from other financial instruments -304 -754 -171 -527
Net non-operating realized gains on other financial instruments
and land and buildings (investment properties)(***)
32 -164 43 -95
Net non-operating impairment losses on other financial instruments
and land and buildings (investment properties)(***)
-336 -590 -214 -433

(***) The amount is net of the share attributable to the policyholders.

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Life investment performance99.59 KB
Assicurazioni Generali S.p.A. - C.F. e P.IVA 00079760328