Understanding St. Paul Insurance closes on first semester 2026 with a Net income of 565,1 million euros, up 9,8% compared to 514,7 million in the same period last year. Also good was the Life collection, which reaches 10,1 billion euros, while the assets under management rise to 186,5 billion. Growth also continues in Non-Motor Damage Insurance, with premiums increasing by 8%. Solvency Ratio of the group stands at 248%.
The results as of June 30, 2026, were approved by the Board of Directors of Intesa Sanpaolo Assicurazioni at its meeting on July 29, chaired by Riccardo Ranalli and led by CEO Virginia Borla, who is also responsible for Intesa Sanpaolo's Insurance Division. The figures include both the group comprised of directly controlled companies—Intesa Sanpaolo Assicurazioni, Intesa Sanpaolo Protezione, and Intesa Sanpaolo Insurance Agency—and the broader scope that also includes Fideuram Vita, which is under Unified Management.
“The performance of the first half of the year – he commented Virginia Borla, CEO of Intesa Sanpaolo Assicurazioni and Head of the Insurance Division of Intesa Sanpaolo, confirms the Intesa Sanpaolo Assicurazioni Group's ability to support families and businesses in an ever-changing environment, effectively responding to their protection, savings, and investment needs. The growth recorded in the main business lines—Life, Pension, Health, Protection—reflects the quality of our offering, the strength of our bancassurance distribution model, and the trust that customers continue to place in us.
Intesa Sanpaolo Assicurazioni: Life premiums rise 16,8%.
The main driver of growth is the Life sectorGross production reached 10.081 million euros, compared to 8.630,4 million on 30 June 2025, with an increase of 16,8%. The main drivers of the result were Unit Linked policies, whose collections grew by 29,8%, followed by insurance policies Retirement (+ 26,8%) and from traditional (+ 4,7%).
Even considering only directly controlled companies, gross life premiums rose to €7.510,8 million, up from €6.331,4 million a year earlier, an increase of 18,6%. Growth was driven primarily by unit-linked policies (+43,1%), pension policies (+26,4%), and traditional policies (+2,7%).
New life insurance production reached €9.897,4 million, up 16,9% from €8.464,6 million at June 30, 2025. For directly controlled companies alone, the figure was €7.351,8 million, compared to €6.181,7 million a year earlier, an increase of 18,9%.
Positive signals also come from the business of ProtectionPremiums reached €916,5 million, up 6,3% compared to the first half of 2025.
In particular, the awards of the Non-Motor Damage Insurance, excluding credit-related products, grew by 8%. The increase was mainly driven by Health and Accident solutions, those aimed at businesses and products for Home and Family.
Profit at 565,1 million, net worth at 7,6 billion
The growth of the business is also reflected in the profitability.Net income The group's consolidated net profit rose to €565,1 million, compared to €514,7 million at June 30, 2025, an increase of 9,8%. For directly controlled companies alone, net profit was €505,8 million, up 11,3% from €454,3 million a year earlier.
- assets under management, that is, financial assets managed on behalf of clients, rose to 186.527,1 million euros, compared to 182.283,9 million at December 31, 2025. In directly controlled companies alone, assets under management amounted to 136.690,2 million, compared to 135.289,9 million at the end of 2025.
Also growing net assets, which reaches 7.575,3 million euros, 573,8 million more than the 7.001,5 million at the end of 2025. For directly controlled companies, net equity is equal to 6.543,1 million, an increase of 515,5 million compared to the 6.027,6 million at December 31, 2025.
On the financial strength front, the Solvency Ratio The group's regulatory capital stands at 248% as of June 30, 2026. For Intesa Sanpaolo Assicurazioni individually, the figure rises to 265%, while for the group considered only in directly controlled companies it is equal to 258%.
