Financial
2019 Aug 02 - 06:35
- Consolidated net profit of €740m compared to €644m at 30 June 2018 (+14.9%)
- Direct insurance income of €7.3bn (+18.5%)
- Non-Life business: €4.1bn (+2.6%)
- Life business: €3.2bn (+48.4%)
- Net of reinsurance combined ratio of 94.6%, an improvement on 95.1% recorded in the first half of 2018
- Pro forma consolidated solvency ratio of 165%2 considering the effects of the sale of Unipol Banca and the acquisition of NPL portfolios from the BPER Group
Delivery of the first operations reflecting the guidelines set out in the 2019-2021 Strategic Plan:
- Agreement with all the trade unions on the Solidarity Fund and other forms of voluntary redundancy for approximately 750 employees. The agreement also calls for pro-active policies on employment, including hiring 300 new professionals
- Purchase of the entire shareholding of Car Server (long-term car rental company) for €96m
Read the complete Press Release.