Unipol: net profit +36.8%, shareholders receive 804 million in dividends

A consolidated net profit in excess of EUR 1.5 billion, specifically EUR 1,530 million, up 36.8% on 2024. This, together with the coupon rising almost at the same rate, is one of the key figures of the 2025 financial statements just published by the Unipol Group.

Accounts that recorded a net profit from insurance business alone of EUR 1,208 million, up 40.5%. This leap is the result of the positive technical performance of the core business, the results of financial management and the contribution of the banking associates. Overall, premium income exceeded EUR 17 billion (EUR 17.4 billion the punctual value), thanks to growth in non-life business of 4.5% to EUR 9.6 billion and an increase in life business of 20.6% to EUR 7.8 billion. All this within a framework that saw the combined ratio improve from 93.6% at the end of 2024 to 92.9% this year on the back of a 2.5 percentage point decrease in the loss ratio. In the motor sector, the profitability ratio even fell by 5.2 percentage points to 94.8%. Soundness was confirmed with a consolidated Solvency ratio of 233%, rising to 281% for insurance business alone.

In this context, the company decided to propose the distribution of a dividend of €1.12 per share from €0.85 the previous year, therefore an increase of 31.8%, for a total payout of €804 million against a cumulative target (2025-2027) of €2.2 billion. The dividend yeld would thus stand at 5.7%.

Pre-tax profit of banking associates amounted to €691 million (€393 million as at 31 December 2024) and reflected the pro-rata consolidation of Bper's consolidated results as at 31 December 2025 and the first half of 2025 of Popolare di Sondrio, as well as the economic effects of Bper's adhesion to the Opas on Sondrio.

Finally, pre-tax profit from other activities amounted to EUR 72 million (compared to EUR 61 million as at 31 December 2024). This was also due to the positive performance of the UNA Group, a leading national hotel operator, which showed a 4.5% increase in revenue over the previous year. The UNA Group also reported an increase in gross profit to around €34 million, after paying rents payable of €52.8 million, most of which related to properties leased by Unipol, with an average gross remuneration of over 9%.