Financial
2019 Feb 08 - 06:32
- SALE OF UNIPOL BANCA TO BPER GROUP AGREED
- Sale of the entire shareholding in Unipol Banca to BPER Banca for €220m in cash
- Purchase by UnipolRec of a portfolio of the BPER Banca Group non-performing loans with a gross value of 1.3€bn for a payment of €130m
- 2018 PRELIMINARY CONSOLIDATED RESULTS ON THE RISE
- Consolidated net profit of €628m (loss of €169m in 2017 due to the banking business restructuring plan)
- Direct insurance income of €12.2bn (+5.7%), not including Popolare Vita
- Combined Ratio net of reinsurance at 94.2%
- Consolidated solvency ratio of 163%1 based on the partial internal model
- Expected dividend of €0.18 per share (dividend yield 4.5%)
- BUSINESS PLAN TARGETS ACHIEVED
- Consolidated accumulated ordinary profit of €1,847m
- Confirmed cumulative dividends of €386m
- Profitability, financial strength and shareholder return targets achieved
Read the complete Press Release.