Unipol Gruppo: Draft Financial Statements and Integrated Consolidated Financial Statements for 2023 approved. Proposed Merger of UnipolSai Assicurazioni, Unipol Finance, Unipolpart I and Unipol Investment into Unipol Gruppo approved.
Friday, March 22, 2024 - 06:54
- Key figures in 2023:
- Consolidated net profit of €1,331m (€866m at 31 December 2022 as calculated with the accounting standards previously in effect)
- Higher dividend of €0.38 per share compared to €0.37 in 2022
- Combined Ratio 98.2%
- Consolidated solvency ratio 215% (Solvency ratio of the insurance sector 267%)
- The Group has consolidated the incorporation of ESG factors into the business along with its commitment to support sustainable development and the ecological transition:
- €14.9bn in value distributed including:
- €9.9bn distributed to insurance customers and reinsurers
- €5.0bn distributed to other stakeholders
- 8.2 million Italians (14% of the population) covered by Unipol Gruppo Welfare (Life and Health) insurance
- €1.4bn in investments to support the 2030 Agenda (target of €1.3bn in investments by the end of 2024 as per the 2022-2024 Strategic Plan exceeded)
- At 2023 year-end, 54.9% reduction (compared to 2019 ) in Scope 1 and 2 emissions linked to the consumption of electricity, gas and other energy sources for all buildings under direct control and the fleet of cars used by Group employees (the target was a reduction of 46.2% by 2030)
- Reduction of 21.2% at 2023 year-end (compared to 2022) in the carbon emission intensity of the directly managed listed equities and publicly traded corporate bonds portfolio (target 50% reduction by 2030)
- 360° support for more efficient, safe and sustainable mobility: about 38 billion km travelled by cars covered by telecommunication-based policies
- Standard Ethics gave UnipolSai a long term expected rating of EEE-, classifying it as one of the best companies in the world in terms of social and environmental sustainability
- Unipol’s elevated reputational position confirmed (77.6 points out of 100 with the general public in 2023, in the ‘strong’ category according to the RepTrak® model)
- Proposed merger of UnipolSai Assicurazioni, Unipol Finance, UnipolPart I and Unipol Investment into Unipol Gruppo approved. Share exchange ratio of 3 Unipol Gruppo shares for every 10 UnipolSai shares confirmed
- List of BPER board member and statutory auditor candidates approved
- €14.9bn in value distributed including:
Read the complete press release.