Italmobiliare S.p.a. · MIL:ITM
Italmobiliare — Bene Assicurazioni S.p.A. Società Benefit — Investor Day (October 2025)
9 slides from Italmobiliare's investor day presentation, October 2025
Slide 1: Italmobiliare Capital Market Day
Italmobiliare Capital Market Day Andrea Sabìa Founder and CEO of Bene Assicurazioni since 2016 Previously founder and CEO of Tua Assicurazioni (now part of Allianz Group) 30 years of experience in the insurance industry 1
Slide 2: Bene Assicurazioni S.p.A. - Società Benefit
Bene Assicurazioni S.p.A. - Società Benefit Break even point Italmobiliare 2019 4/2022 Start-up Scale-up Growth 2017 2021 2022 2025 2026 2030 Società Benefit - 2016 Stability Law 2 Law No. 208 - 28 December 2015 - single article: subsections 376–384
Slide 3: Bene Assicurazioni at a glance
Bene Assicurazioni at a glance A rising star in the insurance market B2B2C D2C B2B Omni Intermediaries E-commerce Partnership channel approach Agencies bene.it/Aggregators White Label/Wholesaler 70% revenues 10% revenues 20% revenues In-house Open Insurance Platform Technology Company Operating Data
Slide 4: Agency network development
Agency network development Points of sale 475 454 426 51% North 380 353 305 24% Centre 254 203 25% South 136 2017 2018 2019 2020 2021 2022 2023 2024 sept-25 Key success factors Channel Focus on small Digitally enabled Trust driven urban areas Target customers: families, professionals and small busin
Slide 5: Innovative products
Innovative products Focused on retail business Mobility Personal Commercial & Business • Cars & Vans • Home • Business • Autofit • Building Insurance • Welfare • Standard Motor Ins. Policy • Accidents • Professional – D&O • Travels • Health • Surety • Pet • Natural Catastrophes Business Mix Omnichan
Slide 6: Bene as a Benefit Company
Bene as a Benefit Company Generating long-term value beyond business Product Work Society & Community 1. Bring to market responsible and 1. Create good job opportunities and 1. Support philanthropic initiatives transparent insurance products and support youth employment and inclusion. promoting eman
Slide 7: Bene: a growth company in a mature industry
Bene: a growth company in a mature industry The company has more than doubled its business volumes since ITM’s capital increase in 2021 CAGR 2021-2024: 30% +31% 290.2 +30% +30% 222.1 +25% 174.1 170.7 Revenues (€m) 136.3 100.1 73.1 44.3 9.4 2017A 2018A 2019A 2020A 2021A 2022A 2023A 2024A 1H25 Combine
Slide 8: Bene's growth since Italmobiliare's entry
x3 Bene’s growth since Italmobiliare’s entry Strong organic growth in revenues and customers >850.000 >500.000 750.000 300 290 440.000 630.000 29 250 500.000 370.000 222 66 200 400.000 300.000 26 171 230.000 42 150 136 23 Revenues 100 17 25 (€m) 23 100 194 12 15 154 50 123 97 73 0 2020 2021 2022 202
Slide 9: Bene's future strategy
Bene’s future strategy Reinforcing key strategic foundations to continue outperformance Key Growth Pillars Disciplined and Robust Operating Technological stack Targeted Execution Solvency Ratio Performance Organic growth and Tech investments to Strong capital, self- Cost efficiency driven strong und
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