Unipol (UNI) Corporate presentation summary

Market position and business model

• Holds a 23% market share in Italy, leading in non-life and health insurance with strong retail and SME focus.

• Operates the largest agency network with 1,800 agencies and 4,900 sub-agencies, plus 3,000 bank branches via bancassurance.

• Main shareholder in BPER, leveraging a distinctive bancassurance model for steady inflows and low lapse risk.

• Technical excellence in claims management and telematics, with 53% market share in Italy for telematics.

• 99% of premiums collected domestically, with a diversified investment portfolio.

Financial performance and key figures

• FY25 premiums up 11.1% to €17.4bn; net result up 40.5% to €1.53bn; dividends up 31.8% to €1.12/share.

• Solvency ratio robust at 279% for Insurance Group and 230% for the Group.

• 1Q26 net result at €329m (+15.4%), with strong technical performance and premium growth (+7.1%).

• Combined ratio improved to 90.0% in 1Q26, with Motor at 93.6% and Non-Motor/Health at 86.7%.

• 1Q26 Insurance Group solvency ratio at 295%, further strengthened by €1bn RT1 issuance.

Strategic plan 2025-2027: priorities and targets

• Focus on industrial profitability, integrated data-driven retail platform, omnichannel distribution, and tech/AI skill development.

• Motor: advanced data analytics, AI/ML pricing, and telematics for 10m insured vehicles.

• Non-Motor: AI-driven product engineering, dynamic pricing, and NatCat claims model.

• Life & Health: integrated insurance-services model, 11m health and 2.8m life customers, modular omnichannel offer.

• Bancassurance: productivity boost via product innovation and multichannel services.