Italy's Unipol profit grows 15% on core insurance activity
15/05/2026 06:47
May 15 (Reuters) - Italian financial group Unipol UNPI.MI reported a 15.4% comparable rise in its first-quarter net profit to 329 million euros ($383 million) on Friday, supported by a strong performance in its core insurance business. Including contributions from BPER EMII.MI, the net result stood at 433 million euros, after Italy's fifth-largest bank completed its merger with Banca Popolare di Sondrio in April. Unipol, BPER's main shareholder, backed the 5.4 billion euro deal last year amid a wave of sector consolidation in Italy, and investors continue to see the bank as a player in future M&A rounds. Unipol's direct insurance income grew 7.1% to 4.8 billion euros, with non-life income contributing 2.5 billion euros Its consolidated solvency ratio, a gauge of an insurer's ability to meet claims, stood at 248% at the end of March Excluding the shareholding in BPER, the solvency ratio came in at 295% ($1 = 0.8589 euros) (Reporting by Enrico Sciacovelli, editing by Milla Nissi-Prussak) ((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))