The figure of the is very positive first quarter of UnipolSai closed with a consolidated net profit up 66,6% to 310 million euros. The result is the result, in particular, of the trend in financial management which offset the decline in insurance premiums.
In fact, if on the one hand the financial assets portfolio benefited "from the majority of capital gains on the sale of securities expected for the entire year", as stated in the note, on the other it should be noted that the direct insurance premiums fell in the period by 8,8% to 3,74 billionaffected by the sale of the business branch to Allianz. Net of the sale, the decline in premium income was 4,1%. Premiums in the Non-Life area amounted to €1,8 billion (-14,6% on the first quarter of 2014, -5,6% on a like-for-like basis); in the life branch, premium income stood at 1,94 billion (-2,7%).
The parent company Unipol Gruppo Finanziario closed the first quarter with a consolidated net profit of €312m, an improvement of 135,9% on the previous year.
Very positive first quarter earnings data pushes up the UnipolSai share than at 10,30 today earn 3,8% at Piazza Affari.
