MLP SE

Earnings Release • Feb 12, 2003

News Details

Ad-hoc | 12 February 2003 08:01

MLP AG part 2

MLP Operating Business Stable – Company’s balance sheet stronger PART 2 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MLP Operating Business Stable – Company’s balance sheet stronger PART 2 The Group also continued to grow in the important life insurance and health insurance segments. Premiums sum for new life insurance increased by five percent to EUR 6.3 billion (2001: EUR 6.0 billion). Health insurance business growth saw similar improvement with annual premiums increasing by 5% percent to EUR 74.7 million (2001: EUR 71 million). The current weak economic environment was reflected in lower loan activity. Loans granted decreased by 21 percent to EUR 888 million (2001: EUR 1.12 billion). New fund inflows totalled EUR 634 million (2001: EUR 995 million), and an additional EUR 52 million flowed into high yield current accounts at MLP Bank. At the end of 2002, the number of MLP employees grew by 20 percent to 4646. The number of MLP financial consultants increased by 17 percent from 2566 to 2994. As of December 31, 2002, the number of branch offices was at 390, including 65 new offices opened during the past twelve months. The Company expects that 2003 will continue to be affected by the difficult current economic situation. MLP’s clients will mostly focus on health and life products. MLP is well positioned with its bestpartner products. Management expects pre-tax profits for 2003 to reach at least EUR 65 million. end of ad-hoc-announcement (c)DGAP 12.02.2003 ——————————————————————————– WKN: 656990; ISIN: DE0006569908; Index: DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover und München; EUREX 120801 Feb 03