Unipol Gruppo: consolidated results first half 2024 approved

The board of directors of Unipol Gruppo S.p.A., which met yesterday under the chairmanship of Carlo Cimbri, approved the consolidated results as at 30 June 2024.

Financial
2024 Aug 09 - 07:02

The Gruppo Unipol ended the first half of 2024 with a consolidated net profit of €555m, considering the contribution, consolidated using the equity method, from BPER and BPSO for the first quarter only of 2024.

The Gruppo Unipol result calculated for the same period as at 30 June 2024, i.e. including the contribution from the investments in BPER and BPSO as at that date and restated on the basis of the financial information recently published by said companies, stood at €632m. The consolidated net profit at 30 June 2023, which included the contribution from BPER consolidated using the equity method for the first half of 2023, amounted to €517m.

Direct insurance income, including reinsurance ceded, stood at €8,165m in the first six months of 2024, up 10.4%, on a comparable basis, on the figure of €7,393m recorded on 30 June 2023.

SVG
  • Consolidated net profit of €555m1. Consolidated net profit with contribution from BPER and BPSO for the same period of €632m (+22.2% compared to 30 June 2023)
  • Direct insurance income €8.2bn (+10.4% compared to 30 June 2023)
    • Non-life: €4.6bn (+7.8%)
    • Life: €3.6bn (+14.0%)
  • Positive income performance in all Ecosystems:
    • Mobility: €2.4bn (+9.5%)
    • Welfare: €0.9bn (+10.6%)
    • Property: €1.3bn (+3.0%)
  • Combined ratio: 93.1%
  • Solvency ratio 221% (Solvency ratio of the insurance sector 276%)
SVG

Read the complete Press Release.