Italy's Unipol reports 12% rise in half-year profit

Banca Popolare Di Sondrio SpA

08/08/2025 06:21

Aug 8 (Reuters) - Italian financial group Unipol UNPI.MI on Friday posted a 12% rise in its first-half net profit to 622 million euros ($725 million) on a reported basis.

Unipol, insurance partner and main shareholder of Italian banks BPER EMII.MI and Popolare di Sondrio BPSI.MI, had backed BPER's recently completed 5.44 billion euro takeover bid for Popolare di Sondrio.

The integration of the two banks, expected by the first half of 2026, is set to create a banking group with 410 billion euros in financial assets and around 6 million clients.

The consolidated net profit of Italy's second biggest insurer, which includes the contribution of the two banks, was 743 million euros in the first six months of 2025, rising more than 17% from last year.

($1 = 0.8578 euros)

 (Reporting by Philippe Leroy Beaulieu in Gdansk, editing by Milla Nissi-Prussak)

 ((philippe.leroyBeaulieu@tr.com;))