UnipolSai Gruppo: preliminary consolidated results analysed - Financial year 2022

Corporate: Financial
Friday, February 10, 2023 - 07:00

The board of directors of UnipolSai Assicurazioni S.p.A., which met yesterday under the chairmanship of Carlo Cimbri, analysed the preliminary (consolidated and individual) results for 2022. The definitive results will be examined by the governing body at its meeting scheduled for 23 March next.

  • Consolidated net profit of €651m
  • Proposed dividend €0.16 per share (Dividend yield 6.4%)
  • Direct insurance income of €13.6bn (+2.4%)

    • Non-life: €8.3bn (+4.5%)
      Positive performance in all lines of business of the Ecosystems:
      • Mobility: €4.2bn (+1.8%)
      • Welfare: €1.7bn (+11.0%)
      • Property: €2.4bn (+5.4%)

    • Life: €5.3bn (-0.8%)

  • Leadership in health strengthened: UniSalute income +10.6%
  • Combined ratio at 91.0%
  • Individual solvency ratio of 288% and consolidated solvency ratio of 272%

All the Ecosystem lines of business performed well.

The Mobility Ecosystem recorded €4,237m in insurance income (+1.8%), further consolidating its position through the continuing growth of UnipolRental, the Group long-term rental company and UnipolMove, the new electronic toll collection system. Despite unfavourable trends in the car market which was hit by supply chain delays, UnipolRental recorded a significant increase in contracts acquired in 2022 (approximately 78,000 compared to approximately 60,000 at the end of 2021) thanks in part to the excellent sales results achieved by the UnipolSai agencies. The total number of vehicles registered as at 31 December 2022 amounted to 23,377 compared to 14,438 for the same period of the previous year.

The Welfare Ecosystem reported income of €1,650m in 2022 (+11.0%), with a significant increase in the health divisions (+17.3%), while the Property Ecosystem grew 5.4% with income of €2,417.

Please read the full Press Release.