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Fonsai returns to profit and runs on the stock exchange

The Turin-based insurance group recorded a net profit of 323,9 million in the first nine months of the year, after a loss of 1,1 million in the same period of 2012 – The good financial results give wings to the title, pink jersey of the Ftse Mib.

Fonsai returns to profit and runs on the stock exchange

Fonsai return to profit and fly to the stock market. The Turin insurance hub, which passed under the control of Unipol, archives the first nine months of 2013 with net profits of 323,9 million, against the loss of 1,1 million recorded in the same period last year.

This was announced in a note released by the company, which specifies how the result benefits above all from the positive technical performance of the non-life sector, which records a combined ratio of 92,3% from 101,6% in 2012, despite the decline of 10,7% of the fund collection. Total deposits decreased by 3,2% to 7,02 billion euro.

The good financial results turn the spotlight on Fonsai stock, which by mid-morning gained almost 4% in Piazza Affari, despite the uncertainty of the Italian stock market, making it the best stock in the basket.

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