Unipol Group: the Board of Directors approved the first half 2006 consolidated results and the 2006-2009 industrial plan

Half Yearly results as at 30 June 2006

Consolidated net premium income rose to €4,637m (+9.7% over the first half 2005), €2,629m of which in Life business (+16%) and €2,007m in Non-Life business (+2.6%)

Customer deposits in banking business reached €8,747m (+24.6% compared with 31/12/2005)

Investments and liquid assets were €36,476m (+1.5% compared with 31/12/2005)

Consolidated profit rose by 2.7%, at €230m.

2006-2009 Industrial Plan

• premium income rising to €11,950m (€4,800m of which in NonLife business and €7,150m in Life business);
• banking customer deposits of €9bn (CAGR 6.4%);
• net profit for Unipol Banca of €94m, corresponding to a ROE of 9.5%;
• profits for the Unipol Group of €570m (CAGR 22.3%), corresponding to a ROE of 14% net of excess capital;
• profit per share of €0.24 (CAGR 22.3%).