Unipol Gruppo: first half 2023 consolidated results approved
Friday, August 11, 2023 - 06:54
The board of directors of Unipol Gruppo S.p.A., which met yesterday under the chairmanship of Carlo Cimbri, approved the consolidated results as at 30 June 2023.
The financial and asset amounts relating to the first half of 2023 were drawn up in accordance with the new accounting standard IFRS 17 on insurance contracts, which came into force on 1 January 2023, and accounting standard IFRS 9 on financial instruments which now also applies to insurance companies. The new accounting standards were also applied retroactively to the figures reported for 2022 for the sole purpose of facilitating comparison on a standardised basis.
- Consolidated net profit of €517m (-24.4% compared to 30 June 2022)
- Direct insurance income €7.5bn (+12.6% compared to 30 June 2022)
- Non-life: €4.3bn (+4.2%)
- Life: €3.1bn (+26.8%)
- Positive performance in all Ecosystems:
- Mobility: €2.2bn (+1.6%)
- Welfare: €0.9bn (+9.6%)
- Property: €1.2bn (+5.1%)
- Combined ratio: 97.1%
- Solvency ratio 218%
Read the complete Press Release.