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Societa Cattolica di Assicurazione Sc (CASS.MI)

CASS.MI on Milan Stock Exchange

7.07EUR
17 Aug 2018
Change (% chg)

€-0.05 (-0.63%)
Prev Close
€7.12
Open
€7.09
Day's High
€7.20
Day's Low
€7.02
Volume
230,783
Avg. Vol
710,698
52-wk High
€10.96
52-wk Low
€6.91

Latest Key Developments (Source: Significant Developments)

Cattolica Assicurazioni H1 Net Profit Up At EUR 51 Mln
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Societa Cattolica di Assicurazione Sc ::H1 NET PREMIUMS EUR 2.68 BILLION VERSUS EUR 2.32 BILLION YEAR AGO.H1 NET PROFIT EUR 51 MILLION VERSUS EUR 1 MILLION YEAR AGO.SOLVENCY II RATIO AT END-JUNE 160 PERCENT.COMBINED RATIO AT END-JUNE AT 92.6 PERCENT.FORESEES IN 2018 'DECISIVE' IMPROVEMENT IN OPERATING RESULT AND NET PROFIT YEAR ON YEAR.  Full Article

Cattolica Assicurazioni Q1 Net Profit Down At EUR 24.0 Mln
Friday, 11 May 2018 

May 11 (Reuters) - Societa Cattolica di Assicurazione Sc ::Q1 NET PREMIUMS EUR 1.21 BILLION VERSUS EUR 1.19 BILLION YEAR AGO.Q1 NET PROFIT EUR 24.0 MILLION VERSUS EUR 29.4 MILLION YEAR AGO.SOLVENCY II RATIO END-MARCH OF 199%.SEES 2018 IN LINE WITH 2018-2020 BUSINESS PLAN.  Full Article

Banco BPM Closes Sale Of Stake In Insurance Companies To Cattolica Assicurazioni
Thursday, 29 Mar 2018 

March 30 (Reuters) - BANCO BPM ::REPORTED ON THURSDAY HAS FINALIZED THE SALE TO CATTOLICA ASSICURAZIONI OF 65% OF THE SHARE CAPITAL OF AVIPOP ASSICURAZIONI AND POPOLARE VITA (THE INSURANCE COMPANIES) .THE VALUE RECOGNIZED BY CATTOLICA ASSICURAZIONI, IN KEEPING WITH THE CONTRACT PROVISIONS, AMOUNTS TO 853.4 MILLION EURO.THE ORDINARY DIVIDENDS OF THE INSURANCE COMPANIES FOR FINANCIAL YEAR 2017 (89.1 MILLION EURO) ARE FULLY ATTRIBUTABLE TO BANCO BPM .THE SALE OF THE SHAREHOLDINGS TO CATTOLICA ASSICURAZIONI GENERATES AN ESTIMATED TOTAL CAPITAL GAIN OF APPROX. 190 MILLION NET OF TAX EFFECT.THE ESTIMATED POSITIVE IMPACT ON THE COMMON EQUITY TIER 1 RATIO AT 31 DECEMBER 2017 COMES IN AT +16 BASIS POINT .  Full Article

Cattolica Assicurazioni Places Subordinated 30-yr Bond of EUR 500 mln
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - CATTOLICA ASSICURAZIONI ::SAID ON TUESDAY IT HAD PLACED A SUBORDINATED 30-YEAR BOND RESERVED TO QUALIFIED INVESTORS FOR THE TOTAL AMOUNT OF EUR 500 MILLION.MORE THAN 250 INVESTORS PLACED ORDERS FOR A TOTAL AMOUNT OF OVER EUR 3 BILLION, EXCEEDING THE TARGET BY ALMOST 7 TIMES.INITIAL COUPON IS 4.25 PCT UNTIL THE FIRST INTEREST RESET DATE AFTER TEN YEARS, WHICH IS ALSO THE CALL DATE.IF THE CALL IS NOT EXERCISED, THE BOND WILL BEAR A VARIABLE COUPON RATE.  Full Article

Cattolica Assicurazioni 9-mth net profit down at EUR 21 mln
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - SOCIETA CATTOLICA DI ASSICURAZIONE SC ::9-MONTH NET PREMIUMS EUR 3.34‍​ BILLION VERSUS EUR 3.19 BILLION YEAR AGO.9-MONTH NET PROFIT EUR 21‍​ MILLION VERSUS EUR 45 MILLION YEAR AGO.INDUSTRIAL TRENDS FORECAST FOR 2017 ARE CONFIRMED, NET OF Q3 ATMOSPHERIC EVENTS.BOARD RESOLVES TO ISSUE SUBORDINATED TIER 2 BOND OF UP TO EUR 500 MILLION.  Full Article

Banco Bpm to sell 65 pct stake in Avipop and Popolare Vita to Cattolica for Euro 853.4 mln
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Banco Bpm :Banco Bpm-‍reached agreement for sale of a 65% stake in Avipop Assicurazioni and popolare vita to Cattolica Assicurazioni, for euro 853.4 million​.Banco Bpm says ‍cattolica will have management control of insurance companies. Banco bpm will keep holding veto powers on significant strategic matters​.Banco Bpm says ‍Cattolica will finance this transaction with internal resources and by accessing debt capital markets.​.Banco Bpm says ‍transaction will be accretive on Cattolica's earnings, while designed financing structure will preserve its solid capital ratios​.‍Cattolica will appoint CEO of insurance companies, while Banco Bpm will appoint general manager​.  Full Article

S&P raises ratings of Italy's Cattolica and Allianz's Italian unit
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Credit rating agency Standard & Poor's says: :Raised long-term ratings of Italy's Cattolica Assicurazione from 'BBB' to 'BBB-' following Italy's sovereign upgrade.Raised long-term ratings of Italian unit of German insurer Allianz from 'A' to 'A-' .Revising up to 'intermediate' from 'moderate' its assessment of industry and country risk for the Italian life and property/casualty sectors .  Full Article

Banco BPM picks Cattolica for exclusive talks on bancassurance deal
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Banco BPM says on Tuesday::enters exclusive talks with insurer Cattolica Assicurazioni over a bancassurance partnership regarding life and non-life business.period of exclusivity of two weeks will be granted to finalise the terms of the deal .  Full Article

Cattolica Assicurazioni FY net profit rises to EUR 76 mln
Thursday, 16 Mar 2017 

Societa Cattolica di Assicurazione SC : Proposes dividend of 0.35 euro per share . FY net premiums 4.24 billion euros ($4.55 billion) versus 4.85 billion euros a year ago . FY net profit 76 million euros versus 61 million euros a year ago .Solvency II ratio at Dec. 31 1.92 times minimum regulatory requirements.  Full Article

Cattolica ends lockup on its shares with Popolare Vicenza
Friday, 10 Feb 2017 

Italian insurer Cattolica Assicurazione says:ends lockup agreement with Banca Popolare di Vicenza on 4.1 million Cattolica shares owned by the lender.  Full Article

Italy - Factors to watch on Aug. 3

The following factors could affect Italian markets on Friday.