Unipol Assicurazioni Spa · MIL:UNI
Unipol Assicurazioni Spa — Unipol Grupo — 1H 2020 Earnings Presentation
17 slides from Unipol Assicurazioni Spa's earnings presentation, Aug 7, 2020
Slide 1: Mission Evolve - 1H20 Consolidated Results
Mission Evolve 1H20 Consolidated Results Bologna-7 August 2020 Gruppo | ee HAS SICURAZIONI
Slide 2: Disclaimer
2 This document has been prepared by Unipol Gruppo S.p.A. and by UnipolSai Assicurazioni S.p.A. solely for information purposes in the context of the presentation of its 1H20 results. Maurizio Castellina, Senior Executive responsible for drawing up the corporate accounts of Unipol Gruppo S.p.A. and
Slide 3: 1H20 Consolidated Results / Appendix
3 1 2 1H20 Appendix Consolidated Results
Slide 4: 1H20 Consolidated Results
4 1 1H20 Consolidated Results
Slide 5: 1H20 Consolidated Results
5 1H20 Consolidated Results €m UNIPOL UNIPOLSAI 1H19 a 1H20 1H19 1H20 Consolidated pre-tax result 473 753 Consolidated pre-tax result 501 789 Non-Life 386 810 Non-Life 387 805 Life 139 14 Life 140 15 Holding and other -51 -70 Other -25 -30 Consolidated net result 353 617 Consolidated net result 377
Slide 6: Premiums by Company and Business Line
6 1H20 Consolidated Results €m Premiums by Company €m % Var% Premiums by Business Line UnipolSai S.p.A. 3,354 85% -3.6% Premiums €m % Var% UniSalute 239 6% +0.2% 4,109 3,927 -4,4% Mobility 2,207 56% -4.7% Linear 96 2% +0.3% Motor 2,041 52% -5.1% Incontra 51 1% -50.0% Other 166 4% +1.7% Arca Assicura
Slide 7: Combined Ratio: Net of Reinsurance and Direct Business
7 1H20 Consolidated Results Net of Reinsurance Direct Business 94.6% 93.2% 82.1% 27.9% 80.5% 27.4% 27.4% 27.4% 66.7% 65.8% 54.6% 53.1% 1H19 1H20 1H19 1H20 Expense ratio Loss ratio Combined ratio net of reinsurance: operating expenses/earned premiums after reinsurance + claims charges/earned premiums
Slide 8: Life Direct Premium Income and Premiums by Line
8 1H20 Consolidated Results €m Direct Premium Income Premiums by Line of Business 3,185 €m % var% Traditional 1,350 62% -24.4% 2,173 -31.8% Unit linked 230 11% +50.7% Pension funds 336 15% -64.9% Capitalization 258 12% -11.6% Total 2,173 100% -31.8% 1H19 1H20 Premiums by Company Premiums by Distribu
Slide 9: Segregated Accounts and Minimum Guaranteed Yields
9 1H20 Consolidated Results €m Segregated Accounts and Minimum Guaranteed Yields Technical Reserves by Minimum Guaranteed a FY19 1H20 3.43% 1H19 Min. guar. yield €bn % €bn % 1.33% 2.10% 0%-1% 17.6 54% 19.0 57% 3.30% 1%-2% 7.5 23% 7.0 21% 1H20 1.19% 2.11% 2%-3% 5.4 17% 5.3 16% >3% 2.2 7% 2.1 6% avg.
Slide 10: Total Investments 57.9 €bn
10 1H20 Consolidated Results Total Investments 57.9 €bn Financial Investment Yields Total o/w Non-Life o/w Life €m Yield €m Yield €m Yield Equity and funds 2.9% Other 1.6% Coupons and 736 3.1% 163 2.7% 568 3.2% Cash 1.8% dividends Real Estate 7.3% Realized/unrealized -48 -0.2% 0 0.0% -40 -0.2% gains
Slide 11: Total Real Estate Portfolio 3.9 €bn
This page was replaced on 8 September 2020 following amendment of the figures pertaining to «Breakdown by Sector» 11 1H20 Consolidated Results Total Portfolio 3.9 €bn Development of RE Portfolio (€m) Breakdown by Cluster Breakdown by Sector 5% FY19 3,950 6% 5% 4% Book Value 7% Core Real Estate Core
Slide 12: Bad Loans Stock
12 1H20 Consolidated Results €m Bad Loans Stock FY19 1H20 Gross loans 3,465 3,286 47% Portfolio Secured loans Net loans 516 475 Breakdown Unsecured loans 53% Coverage ratio 85% 86% Bad loans Collection 1H19 1H20 18% Collections 59 54 Collections Secured 7% loans Bad Loans reduction (GBV) 191 179 Bre
Slide 13: Solvency: Own Funds, SCR and Ratios
13 1H20 Consolidated Results €bn UNIPOL (consolidated) – Partial internal model UNIPOLSAI (consolidated) – Economic capital 249% 188% 3.1 3.9 7.4 7.7 4.6 3.5 Own Funds SCR Excess a Ratio Own Funds SCR Excess a Ratio UNIPOLSAI (solo) – Partial internal model 272% 2.8 7.6 4.8 Own Funds SCR Excess a Ra
Slide 14: Appendix
14 Mission Evolve Appendix Unipol | UnipolSai
Slide 15: Appendix: Key Figures
15 Appendix €m UNIPOL UNIPOLSAI 1H19 1H20 1H19 1H20 Premium income a 7,294 6,100 Premium income a 7,294 6,100 Non-Life 4,109 3,927 Non-Life 4,109 3,927 Life 3,185 2,173 Life 3,185 2,173 Combined ratio b 94.6% 82.1% Combined Ratio b 94.6% 82.1% Consolid. net Result 353 c 617 Consolid. net Result 377
Slide 16: Unipol Group Structure
16 Appendix Unipol 85.24% 9.98% UnipolReC BPER 14.76% 84.45% a 9.75% UnipolSai 100% 98.99% 51% 63.39% Linear UniSalute Incontra Arca Vita Arca Ass.ni Other Non-Life & AP&B, Alfa Evolution, Real Estate Diversified Life companies MyGlass UnipolRental companies businesses Companies listed on the Italia
Slide 17: Investor Relations Contacts
17 Adriano Donati Head of Investor Relations investor.relations@unipol.it investor.relations@unipolsai.it Giancarlo Lana Tel +39 011 654 2088 Eleonora Roncuzzi Tel +39 051 507 7063 Carlo Latini Tel +39 051 507 6333 Giuseppe Giuliani Tel +39 051 507 7218 Silvia Tonioli Tel +39 051 507 2371