Acquisition and administration costs

  Non-life segment
Life segment
Financial segment
(€ million) 31.12.2011 31.12.2010 31.12.2011 31.12.2010 31.12.2011 31.12.2010
Net acquisition costs and other commissions 4,461.9 4,366.2 4,064.1 4,057.7 0.0 0.0
Investment management expenses (*) 72.0 80.9 176.5 266.6 -0.1 -4.5
Other administration costs 1,297.2 1,280.9 1,118.3 1,078.9 915.3 900.0
Total 5,831.0 5,728.0 5,358.9 5,403.2 915.2 895.5

(*) Before the elimination of intra-group transactions between segments

In other administration costs of the life segment, administration expenses related to investment contracts amounted to € 55.0 million compared to € 48.8 million in 2010, while administrative expenses of non-insurance companies amounted to € 38.9 million compared to € 21.5 million in 2010. In the non-life segment, administrative expenses of non-insurance companies amounted to € 65.4 million, compared to € 64.9 million in 2010, of which € 49.8 million (€ 45.3 million in 2010) referred to the real estate activity.