Unipol Gruppo: consolidated results for the first half of 2018 approved

• Consolidated net profit of €644m (‐€390m in the first half of 2017) including a capital gain from sale of the investment in Popolare Vita S.p.A. (€309m)
• Direct insurance income of €6.2bn, not including Popolare Vita
• Non‐Life business: €4.0bn, in line with the first half of 2017
• Life business: €2.1bn (+16.4%)
• Sharp increase in Non‐Life business performance: Direct business combined ratio of 93.0% compared to 95.3% in the first half of 2017
• Pre‐tax profit of €18m in the Banking business compared to ‐€940m loss in the first half of 2017 
• The coverage ratio of non‐performing loans in the Banking business amounted to 77%, with 46% coverage of unlikely‐to‐pay loans, at the best levels in the market
• Reported consolidated solvency ratio 160%
• Individual reported solvency ratio for UnipolSai of 252%

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