The UnipolSai Group announced that it ended the first half of 2023 with a consolidated net profit of €431m, up 2.0% on the result of €422m for the same period of the previous year “reported with previous accounting principles”.
The figure for the first half of 2022 – specified UnipolSai in the note with which it disclosed the accounts – restated for comparative purposes in application of the new standards, is equal to €176m.
The group’s financial statements highlighted that, “in the first six months of 2023, direct insurance premiums, gross of reinsurance cessions, amounted to 7.470 billion euro, up by 12.6% compared to the 6.632 billion euro euros recorded as at 30 June 2022”.
Positive trend in all UnipolSai ecosystems:
Mobility: 2.2 billion euros (+1.6%) Welfare: 0.9 billion euros (+9.6%) Property: 1.2 billion euros (+5.1%)
UnipolSai’s Combined ratio stood at 97.1%, while the individual Solvency ratio was 315% (288% at the end of 2022).
The consolidated solvency ratio based on economic capital is 301% (274% as at 31 December 2022)