Unipolsai will invest up to 100 million euros in the Atlante 2 fund. This was decided by the board of directors of the insurance group, meeting on Wednesday under the chairmanship of Carlo Cimbri.
As regards the accounts, Unipolsai closed the first half with a consolidated net profit of €280m, a sharp decrease compared to the €455m of the first half of 2015, a period which however – specifies a note from the group – had benefited in an extraordinary way of the result of the financial management.
Direct insurance premiums amounted to 6,7 billion euro (-7,7%) and came for 3,7 billion from Non-Life business (-2,3%) and for 3 billion from Life business (-13,5%). The Combined Ratio improves to 96,9% from 97,8% in the first half of 2015. Non-Life pre-tax profit is 225 million (from 482 million) and in Life it is 176 million (from 251 million).
The Solvency II individual solvency margin is equal to 194%, down compared to 215% at the end of 2015 "due mainly to the effects deriving from the performance of the financial markets", while the Solvency II consolidated solvency margin is equal to 173%.
