AGF Group Reports Revenues for First Quarter 2001 (with link)

PARIS, May 4, 2001 (PRIMEZONE) -- AGF Group:

 AGF Group revenues for first quarter 2001 stood at 4.69 billion 
 euros, a 3.4% increase (+0.4% on a comparable basis*)
 Premium income from insurance rose 2.7% to 4.24 billion euros (-0.6% 
 on a comparable basis) 
 --   Life and health (savings, family and personal protection,
     --   After an especially strong 1st quarter 2000, business in
          France pulled back, although less than the market, owing to
          weaker financial markets;
     --   Europe (excluding the Netherlands) was down somewhat;
     --   South America stayed strong.
 --   Non-life: growth in France and abroad continued, mainly because
      of rate recoveries and robust business in South America.
 --   Non-life bancassurance was buoyant.
 --   Transnational businesses (assistance and credit insurance) moved
 --   Banking and finance made strong progress. Banque AGF had 83,000
      customers with assets under management of nearly 460 mn euros.

* Comparable basis: at constant foreign exchange (premium income at 31-03-01 calculated on the basis of exchange rates at 31-03-00), and pro-forma (premium income at 31-03-01compared with 31-03-00 using the 2001 scope of consolidation).

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