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UnipolSai Assicurazioni S.p.A. (UNPLF)

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2.92000.0000 (0.00%)
At close: 02:34PM EDT
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  • Reuters

    Unipol shares slide after presents new three-year plan

    MILAN (Reuters) -Shares in Italy's Unipol Group fell 8% on Friday after the company, whose core business is insurance, set out plans to invest 500 million euros ($519 million) in technology and to build up its bancassurance business over the next three years. Shares in separately-listed insurance group UnipolSai fell 3%, with traders saying UnipolSai's dividend target for the period to 2022-24 was lower than expected. Carlo Cimbri, who chairs both Unipol and UnipolSai, said that some investors had also speculated that the group could streamline its structure by merging the two businesses but he ruled that out again on Friday.

  • Reuters

    UnipolSai tops business plan target despite fall in 2021 profit

    Italy's second-largest insurer UnipolSai said on Friday its had exceed the targets set out in its three-year business plan ending last year, despite a still weak motor business weighing on its 2021 profit. Under the 2019-2021 plan, UnipolSai and its parent holding company Unipol had targeted an overall net profit of 4 billion euros and dividends totalling 1.9 billion euros for both companies. In 2021 consolidated net profit for UnipolSai stood at 723 million euros ($823 million) down 15.2% year earlier when it had benefited from a significant decline in motor vehicle claims as a result of reduced traffic due to coronavirus-related lockdowns.