Unipol Group: results for the first nine months of 2016 approved
Friday, November 11, 2016 - 07:19
The Board of Directors of Unipol Gruppo Finanziario S.p.A., which met yesterday under the chairmanship of Pierluigi Stefanini, approved the consolidated results of the Group as at 30 September 2016.
- Consolidated net profit of €439m (€594m in the first nine months of 2015,which benefitted from the extraordinary results of financial management)
- Direct insurance income of €11.1bn (-7.8% compared to the first nine months of 2015)
- Non-Life business: €5.6bn (-1.4%)
- Life business: €5.5bn (-13.4%)
- Combined ratio net of reinsurance at 95.0% (95.1% in the first nine months of 2015)
- Return on invested assets equal to 3.6%
- Consolidated Solvency II margin equal to 137%1
1 Figure calculated according to the Standard Formula with the use of USPs (Undertaking Specific Parameters), considered preliminary since the definitive figure shall be notified to Supervisory Authority according to the terms of applicable law.
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