UnipolSai Assicurazioni SpA (US.MI)
Latest Key Developments (Source: Significant Developments)
Nov 10 (Reuters) - UnipolSai Assicurazioni says::9-month consolidated net profit 430 million euros vs 427 million euros a year ago.individual solvency ratio at end Sept 243 percent unchanged versus end-Dec, consolidated solvency ratio 206 percent from 212 percent end-Dec.renews Euro Medium Term Notes programme for up to 3 billion euros. Full Article
May 11 (Reuters) - Unipolsai Assicurazioni says::Q1 consolidated net profit at 147 million euros, up 4.7 pct y/y .Individual solvency ratio equal to 240 percent at end-March, consolidated solvency ratio based on economic capital equal to 204 percent.Q1 direct insurance premiums at 2.83 billion euros. Full Article
UnipolSai Assicurazioni says: 2016 net profit 527 million euros from 738 million euros a year earlier which benefited from asset reallocation gains . proposes to pay 2016 dividend of 0.125 euros per ordinary share . consolidated Solvency II margin based on economic capital end 2016 at 209 percent, individual Solvency II margin 240 percent .makes 19.5 million euro writedown on Atlante 1 fund investment, equal to 24 percent of investment. Full Article
A spokesman for Italian insurance group Unipol, asked about the impact of the Italian earthquake in central Italy, says: From early estimates, and hoping there will be no new episodes, the overall exposure of Unipol is fairly limited. . The quake is not expected to trigger the group's 200 million euro Azzurro Re Catastrophe bond maturing in 2019 . Issued last year the Azzurro Re bond was the first so-called catastrophe bond to cover earthquake risk in Italy [nL8N1B52FX] . Investors who buy a catastrophe bond enjoy a high yield but lose the value of the bond if an event occurs within agreed parameters, including factors such as location and severity. Further company coverage: [US.MI] [UNPI.MI] (Reporting by Milan newsroom). Full Article
UnipolSai says: H1 consolidated net profit 280 million euros versus analyst poll 238 million euros . individual solvency II ratio at end-June 194 percent, consolidated solvency II ratio 173 percent .board resolved to invest up to 100 million euros in Atlante II bank rescue fund. Full Article
MILAN, June 22 Italy's sixth-largest banking group, BPER Banca, said on Friday that its problem-loan ratio would fall to 17.8 percent once its Banco di Sardegna unit completed a 900 million euro ($1 billion) loan securitisation deal.