Unipol Group: consolidated results as at 30 september 2018 approved
Friday, November 9, 2018 - 06:54
The Board of Directors of Unipol Gruppo S.p.A., which met yesterday under the chairmanship of Pierluigi Stefanini, approved the consolidated results of the Group as at 30 September 2018.
- Consolidated net profit of €843m (a loss of €229m in the first nine months of 2017) including the capital gain from the sale of Popolare Vita (€309m)
- Consolidated solvency ratio of 161%, based on the partial internal model (160% as at 30 June 2018)
- Direct insurance income of €8.6bn (+5.1%), not including Popolare Vita
- Non‐Life business: €5.6bn, in line with the first nine months of 2017
- Life business: €3.1bn (+16.6%)
- Direct business combined ratio of 94.5% compared to the figure of 96.8% recorded at 30 September 2017
- Pre‐tax profit of €27m in the banking business
- Coverage ratio of the bad loans in the Banking Group amounted to 81%, with a 46.1% coverage ratio of unlikely‐to‐pay loans, at the best levels on the market.
- Return on financial investments 3.9%
Read the complete Press Release.