UnipolSai: results of the first nine months of 2016 approved

The Board of Directors of UnipolSai Assicurazioni S.p.A., which met yesterday under the chairmanship of Carlo Cimbri, approved the consolidated results as at 30 September 2016.

• Consolidated net profit of €427m (€602m in the first nine months of 2015, which benefitted from the extraordinary results of financial management)
• Direct insurance income of €9.0bn (-11.1% compared to the first nine months of 2015)
• Non-Life business: €5.1bn (-2.1%)
• Life business: €3.9bn (-20.6%)
• Combined ratio net of reinsurance at 96.0% (95.7% in the first nine months of 2015)
• Return on invested assets equal to 3.7%
• Individual Solvency II margin equal to 190¹%
• Consolidated Solvency II margin equal to 169¹%

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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