Q3 2025 Unipol Assicurazioni SpA Earnings Call Transcript

Nov 6, 2025 / 11:00 AM GMT

Release Date Price: €19.36

Transcript

Key Points

Positve

Unipol Assicurazioni SpA (UFGSY) reported a net profit of €1.12 billion for the first nine months of 2025, showcasing strong financial performance.
The company experienced solid growth in both the PNC and life insurance segments, driven by health, business, and bancassurance distribution channels.
The motor business is on track with targets, showing improvements in average premium, claim frequency, and average cost of claims.
The finance department contributed significantly to profitability by increasing the yield of assets under management by 12 basis points.
Unipol Assicurazioni SpA (UFGSY) maintained a strong solvency position, with a minor reduction in solvency ratio due to non-economic variances and SCR calculation changes.

Negative

The company faced a provision of almost €80 million for the early retirement incentive fund, impacting the third-quarter results.
The expense ratio remains high, influenced by incentive schemes for agents and structural factors.
The solvency ratio for the insurance group decreased to 265% due to increased concentration risk and changes in the banking perimeter.
There is a low cash position in the investment portfolio, raising concerns about liquidity management.
The company anticipates continued provisions for the early retirement fund over the next couple of years, indicating ongoing financial commitments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UNPI.MI - Unipol Assicurazioni SpA
Q3 2025 Unipol Assicurazioni SpA Earnings Call
Nov 06, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Ksco conference operator. Welcome and thank you for joining the Unipol Consolidated Results at September 30th, 2025 conference call. As a reminder, all participants are in listen-only mode. After the presentation there will be an opportunity to ask questions. Should anyone need assistance during the conference call. They may signal an operator by pressing 0 on their telephone. At this time, I would like to turn the conference over to Mr. Matteola Terza, CEO of Unipol. Please go ahead, sir.

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Unidentified_2 [2]
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