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Societa Cattolica di Assicurazione Sc (CASS.MI)

CASS.MI on Milan Stock Exchange

8.83EUR
14 Dec 2017
Change (% chg)

€-0.35 (-3.81%)
Prev Close
€9.18
Open
€9.18
Day's High
€9.18
Day's Low
€8.77
Volume
1,095,129
Avg. Vol
907,459
52-wk High
€9.60
52-wk Low
€5.48

Latest Key Developments (Source: Significant Developments)

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

Cattolica Assicurazioni Q1 net profit falls to EUR 24 mln
Monday, 16 May 2016 

Societa Cattolica di Assicurazione Sc : Reported on Friday Q1 net profit 24 million euros ($27.14 million) versus 30 million euros a year ago . Q1 net premiums 1.15 billion euros versus 1.48 billion euros a year ago . Combined ratio at March 31 at 92 percent .Solvency II ratio at March 31 meets 1.9 times regulatory requirements.  Full Article

Societa Cattolica di Assicurazione Sc proposes FY 2015 dividend
Wednesday, 9 Mar 2016 

Societa Cattolica di Assicurazione Sc:Proposes dividend of ‍0.35​ euro per share.  Full Article

BRIEF-Cattolica Assicurazioni Places Subordinated 30-yr Bond of EUR 500 mln

* SAID ON TUESDAY IT HAD PLACED A SUBORDINATED 30-YEAR BOND RESERVED TO QUALIFIED INVESTORS FOR THE TOTAL AMOUNT OF EUR 500 MILLION