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Sace: I semester profit +52% year on year

Sace's first half ended with a 52% increase in consolidated net profit to 308 million euro – The portfolio of insured transactions reaches 76,2 billion euro, the highest level in the company's history.

Sace: I semester profit +52% year on year

The first semester of Sace, which closed with a consolidated net profit strongly growing to 308 million euro (+52% on an annual basis), thanks to the positive results of the technical and financial management. Also on the rise portfolio of insured operations at 76,2 billion euros, the highest level in the history of the company (+6% on an annual basis).        

In strong catkin also i gross premiums to 252,6 million euros (+47%), while i claims experienced a decrease of 42% on an annual basis, to 136,2 million euros. Relative to consolidated balance sheet data, technical provisions amounted to 2,3 billion euros (+5%), while shareholders' equity amounted to 4,8 billion euros, down by 10% mainly due to the reduction of the share capital of 799 million euros finalized in the semester in favor of the shareholder.

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