Unipol’s senior management expects a consolidated management income trend for the current year in line with the targets set out in the 2022-2024 strategic plan.
Unipol Financial results for the first half of 2024 were announced.
Unipol Collections and Profitability in the First Half of 2024
The insurance company closed the period under review at net profit (including third party share) of €555 million, compared to €517 million recorded in the first six months of the previous year, taking into account the contribution of the merger with the equity method of BPER Banca and Popolare di Sondrio S.p.A. for 1° quarter 2024. The result for the first half of 2024 on a like-for-like basis, i.e. including the contribution of investments in the two banks at the same date, is restated on the basis of the recently published financial information of the two institutional banks of €632 million.
the Direct insurance collection – Total reinsurance transfers – increased to €8.17 billion, up 10.4% compared to the figure for the first half of 2023 (€7.39 billion), as a result of the increase recorded in the life sector (+14% to €3.58 billion).
deer Combined ratio The non-life ratio at June 30, 2024 was 93.3%, with improvement spread across several categories, compared to a recalculated 97.5% on a homogeneous basis in the first half of 2023.
Unipol, Total Balance Sheet as of June 30, 2024
At the end of June 2024Financial solvency index (This is an indicator of the strength of insurance companies’ capital) and he pointed out that the ratio between private funds and required capital reached 221%, compared to 215% at the beginning of the year.
The senior management stated that throughout the semester, Financial investment portfolio The company earned a return of 4% on invested assets, of which 3.6% relates to the coupon component and dividends.
Profitability in the first half of 2023 was 4.0%.
Unipol, expectations
Unipol’s senior management indicated that the available information makes it possible to confirm (in the absence of currently unforeseen events also linked to a deterioration of the reference context relating in particular to financial markets or extreme climatic events) Unified management income trend for the current year in line with the goals set in the 2022-2024 strategic plan.
Unipol Semi-Annual Report 2024, Insights from the Conference Call
During the conference call to comment on the half-year results, Unipol’s CEO, Matteo Laterza, expected that The dividend policy for the next few years will be studied when developing the three-year industrial plan 2025/2027..
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