First nine months of 2014 to frame for UnipolSai, which achieved a "positive result both in economic and capital terms", as stated in a note. The data sends the stock of the insurance company flying, which gains more than five percentage points in the mid-morning, achieving the best increase in the Ftse Mib.
The Unipol group closes the first nine months of 2014 with a consolidated net profit growing by Present in several = 18,7% to 431 million euros, while the insurance collection goes up to 13,3 billion euro (net of the effect of transfer of premiums to Allianz).
Furthermore, in the first nine months of 2014, the Bologna-based insurance group reduced its portfolio structured securities of 1,5 billion euros, with a capital gain of 10 million. The combined ratio of the group, net of reinsurance, is 92,7% and the solvency margin has risen to 1,7 times the regulatory requirements. In the first nine months of the year UnipolSai achieved a net profit of €593m, while in the same period direct insurance premiums grew by 7,8% to €11,8bn.
UnipolSai also declares that "to date there have been no significant changes with respect to the trends underway in the nine months" as regards the performance of non-life insurance sector while the collection of life sector continues to be "in significant growth".
The insurance group is continuing with the integration of the companies merged into UnipolSai and with other corporate simplification activities, which have already been identified and are in progress.
