Le Foyer S.A.

By branch of direct insurance these key figures break down as shownin the table below.Fire and other Motor Motor Civilmaterial damage civil other risks liability(in €)liabilityGross premiums written 50 690 651.55 45 326 312.05 48 627 253.07 20 734 407.91Gross premiums earned 49 612 233.99 45 012 979.51 47 009 550.98 19 230 663.36Gross claims expenses -21 106 634.65 -42 604 270.83 -27 861 688.91 -4 143 751.30Gross operating expenses -13 570 563.03 -9 238 346.70 -12 156 341.35 -3 850 636.51Reinsurance balance - 6 221 298.25 -557 765.31 -1 302 463.12 -9 169 472.95Results on life insurance activities24 The key profit and loss account figures for life insurance activitiesbreak down as shown below.Direct insuranceAccepted reinsurance(in €) 2003 2002 2003 2002Individual premiums 212 483 403.29 194 256 039.80 3 143 768.85 4 166 412.62Group premiums 15 871 363.54 11 369 993.43 –xx –xxRegular premiums 87 106 796.65 98 536 721.24 3 143 768.85 4 166 412.62Single premiums 141 247 970.18 107 089 311.99 –xx –xxPremiums on policies withoutshare in profits 9 009 487.37 8 121 681.86 2 973 605.97 3 833 099.61Premiums on policies withshare in profits 45 852 501.37 37 090 891.48 170 162.88 333 313.01Premiums on policies where investment riskis assumed by the policy holder 173 492 778.09 160 413 459.89 –xxx –xxReinsurance balance -1 390 729.41 -3 751 553.67 –xxx –xxGeographical breakdown of Non-life premiumswritten25 By geographical area (based on where the premium was written), thetotal value of gross premiums written in direct insurance (€ 203,143,833.36in 2003) breaks down as shown in the table below.(in €) 2003 2002Subscriptions in the Grand Duchy of Luxembourg 200 646 369.24 189 607 158.39Subscriptions in other EU member states 2 497 464.12 1 931 578.39Subscriptions in non-EU countries _xxxx _xxxxTotal 203 143 833.36 191 538 736.7869