Consolidated Results as at 30 September 2021
The Unipol Group ended the first nine months of 2021 with a consolidated net profit of €813m, up on the profit for the corresponding period of the previous year (€759m).
As at 30 September 2021, direct insurance income of the Unipol Group, including reinsurance ceded, stood at €9,454m, +9.5% compared to the figure of €8,635m as at 30 September 2020.
Direct non-life income as at 30 September 2021 amounted to €5,539m, slightly up on the amount of €5,521m for the first nine months of 2020 (+0.3%) thanks to the positive results obtained by the non-MV business which could absorb the reduction in the MV business.
The Group combined ratio, net of reinsurance, stood at 92.8% (91.7%, direct business).
The Group registered direct income of €3,915m in the Life business, up 25.7% compared to the figure of €3,114m as at 30 September 2020, with a significant increase in multi branch and class III business products.