B. GROUP FINANCIAL RESULTS 2021 L/H: value of new business up 45% EUR mn Value of new business New business margin Operating profit 2021 ∆ p.y. 2021 ∆ p.y. 2021 ∆ p.y. Total L/H segment 2,527 +45.0% 3.2% +0.4%-p 5,011 +14.9% Germany Life 631 -6.0% 2.9% -0.1%-p 1,240 +3.2% USA 530 +121.1% 3.9% +1.5%-p 1,357 +49.7% Asia-Pacific 338 +14.1% 5.7% -0.1%-p 443 +2.9% Italy 264 +82.3% 2.0% +0.3%-p 449 +32.9% France 192 +247.0% 1.9% +1.1%-p 641 +13.7% Germany Health 150 +79.4% 4.3% +0.8%-p 235 +25.3% Central and Eastern Europe 56 +39.9% 4.8% +0.3%-p 223 -2.1% Benelux 45 +20.5% 2.6% +0.5%-p 107 -27.4% Turkey 39 -1.8% 6.7% +0.6%-p 92 +13.6% Spain 31 +29.1% 2.7% +0.1%-p 105 -1.0% Switzerland 17 +33.6% 1.7% +0.4%-p 97 -10.4% 43 B 25