Intesa Sanpaolo Vita closed the first 9 months of 2018 with a net result up 4,7% to 553,4 million euro, while assets under management rose by 0,4% to 151,9 billion compared to the end 2017 and shareholders' equity rose by 1,3% to 5,614,1 billion.
Gross Life production is down, falling in the nine months by 7,5 to 15,54 billion euro due, according to what the company explains, to the drop in premium income on unit-linked products offered and the expansion of the offer on traditional policies which led to an improvement in deposits to 5,73 billion (+31%).
The volumes of unit and index-linked policies grew by 4,5% to 68,39 billion, passing on total assets under management from 45,2% at the end of 2017 to 47% in September 2018.
Premiums from the non-life class show an improvement, with premiums from the protection business amounting to 362,1 million (+10,1%). After the first nine months, the non-motor segment stands out in particular, with growth of over 130% in Health and Accident products and over 45% in Home and Family products.
“The Insurance division closed the first nine months of 2018 confirming a good commercial performance and a significant economic result, despite the greater instability of the financial markets. The contribution to the gross current result of the Intesa Sanpaolo group is equal to 11%", declared Nicola Maria Fioravanti, head of the Insurance division of the Intesa Sanpaolo group and CEO of Intesa Sanpaolo Vita, "and is part of the group's strategy to always focus more on a wealth management & protection proposition, thanks to the joint work of the division and the group's networks. In particular, the division's performance in the non-life business further improves”.
The Solvency Capital Requirement is 207%.
