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FINANCIALS: Unipol - (UNIIM - Baa3/nr/BBB+ Pos) - Prelim 2024 Results

FINANCIALS

Credit neutral - Lots of moving parts. Core operations performing well once consolidations are stripped out. Solvency II remains strong.

  • Net profit figure of€1,119m is 5.2% higher YoY after stripping out BP Sondrio consolidation
  • Insurance group net profit of €860m - +12% Yoy after deconsolidating BPSO and BPER.

From the consolidated income statement

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Credit neutral - Lots of moving parts. Core operations performing well once consolidations are stripped out. Solvency II remains strong.

  • Net profit figure of€1,119m is 5.2% higher YoY after stripping out BP Sondrio consolidation
  • Insurance group net profit of €860m - +12% Yoy after deconsolidating BPSO and BPER.

From the consolidated income statement

Keep reading...Show less