Results for the first half of the year consolidate the progress made by the Unipol Group
Thursday, August 4, 2011
- Net consolidated profit €57m1 (€76m excluding the effects of the considerable increase in IRAP rates), compared with a €26m loss in June 2010
- Positive results in the Non-Life class: return to positive technical margins with a combined ratio at 99% (103.5% in the first half of 2010, 102.1% at the end of 2010) and premiums up 6% (+1.9% on the same scope of consolidation)
- Continued growth of the specialist companies: UniSalute income €128m (+23.8%), Linear €100m (+16.6%)
- Solvency I 1.4 times the regulatory requirements
- Increase in Unipol Banca share capital of €100m (which takes Core Tier 1 to 7.4)