Consolidated Results as at 30 June 2019
The consolidated net profit amounted to €740m in the first six months of 2019 compared to €644m in June 2018. The first half result for 2019 includes the positive effects of the first-time application of the consolidation in equity of the investment in BPER Banca (of €388m); the 2018 result included the capital gain of €309m from the sale of the investment in Popolare Vita and other minor effects. If the non-recurring economic components are not included, and on a comparable basis, Unipol Gruppo made a normalised consolidated net profit of €353m in the first six months of 2019, significantly up (+13.3%) on the normalised result of €311m in the corresponding period of the previous year.
Direct insurance income at 30 June 2019, including reinsurance ceded, stood at €7,294m (+18,5%compared to the €6,153m collected at 30 June 2018).