Unipol Group: results for the first nine months of 2014 approved
Friday, November 14, 2014
- Consolidated net profit of €431m (+18.7% compared to €363m as at 30 September 2013)
- Direct insurance income of €13,356m (+9.6%)
- Non-Life business: premium income of €6,479m (-8.2%, or -6.4% net of the effects of the sale of the business unit to Allianz)
- Life business: income of €6,877m (+33.9%)
- Combined ratio at 92.7%
- Structured notes portfolio reduced by approximately €1.5bn during the first nine months; capital gains for €10m
- Solvency margin equal to 171% (an increase compared to 164% as at 30 June 2014)
- Non-compliance proceedings brought by the Italian Antitrust Authority concluded