Filippone: 'Record balance sheet for Reale, push on foreign and eco-systems'

You have a Solvency of 337.8%, do you feel safe?

Our capital strength has been further consolidated and this allows us to look at potential difficult times with more serenity. We are also confident that we will close 2025 at group level with 6.6 billion in premiums. A significant number, but above all the result of strong portfolio diversification: it is a balanced mix of one third motor, one third life and one third non-motor.

Recently you announced the acquisition of Lifenet, with what prospects?

Our central axis revolves around three Ds, namely insurance diversification which aims at balance between the various areas of business, international diversification, and the operation in Greece done two years ago is going very well with a 12.5% increase in the result to 8 million against 106 million in premiums, and finally diversification of services. On this point there is a very clear desire to increase the revenues of the two ecosystems health and living property. On the health front, the acquisition of Lifenet is a key step, so that we become the fifth player in the private health sector, with an outstanding managerial figure at the top, Nicola Bedin. Ours becomes an integrated model with customers/patients having access to prevention, protection, care and quality ingredients on each of these axes.

In living property, how will you go about it instead?

Living property is about the world of living and especially energy transition and energy communities. We are looking at the opportunity to acquire an Esco, a company specialising in energy efficiency. In the meantime we have also created a first energy community in Milan in the six towers we have in Via Tolstoj to which all 280 tenants will have access.

Aside, do you still plan to move abroad?

We certainly want to consolidate what we already have in the Reale International portfolio, but we also have plans that could see us enter the Polish market, perhaps not through a classic acquisition. It is also no secret that if an opportunity were to arise in Spain we would undoubtedly be among the potential buyers. There is also a lot of interest in Portugal and then also in Uruguay, which is a small market but which could be part of a sort of Latin American hub that we could build around the activities in Chile.

Your assembly will soon take place, what benefits do you imagine for your insured members?

These results allow us to deploy the distinctive and differentiating factor that sets us apart as a mutual. We will certainly return the mutual benefits. Last year the amount of vouchers to customers was 23 million and for this year the hope is to increase this further. This house belongs to everyone, we, the agents, employees and policyholders are all one family.