Economic/financial results

The EXOR Group closes the first quarter of 2016 with a consolidated profit of €201.1 million; the first three months of 2015 ended with a consolidated profit of €40.6 million. The positive change of €160.5 million is largely due to the increase in the share of the profit (loss) of investments (€157.9 million, of which €47.1 million relates to the first-time consolidation of PartnerRe), dividends received from PartnerRe before the acquisition (€16.1 million), gains on the disposal of investments (€25 million), partially compensated by the increase of net financial expenses on debt (€14.7 million) and non-recurring expenses in connection with the acquisition of PartnerRe (€33.5 million).

At March 31, 2016 consolidated net equity attributable to owners of the parent amounts to €9,744.6 million and shows a decrease of €393.8 million compared to year-end 2015 of €10,138.4 million. Additional details are provided in the following Note 8.

The consolidated net financial position of the Holdings System at March 31, 2016 is negative for €4,218.2 million. This is a negative change of €5,555 million compared to the positive €1,336.8 million at year-end 2015 and primarily the result of disbursements made in connection with the acquisition of PartnerRe (€5,415.5 million). Additional details are provided in the following Note 9.

Commercial Register No.64236277 Legal notes | Credits