Unipol Grupo Spa (UFGSY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Corosco Conference Operator. Welcome and thank you for joining the Unipol Consolidated Results at June 30th, 2026 conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to send the conference over to Mr. Matteo Laterza, CEO of Unipol. Please go ahead, sir. Good morning and thank you very much for attending this conference. Before opening the floor to the question, as usual, let me make some remarks on the first half numbers that you saw this morning. They were numbers that confirms the strength, resilience and consistency of our business model. We were able to deliver excellent results across all key metrics with the net profit reaching more than 900 million up almost 50% year on year. More importantly, these results reflect not only a very strong earnings growth but also a significant improvement in the quality of our earnings. Our performance is based and supported by all the core drivers of value creation, technical profitability in non-life, Profitable growth in life and resilient recurring investment income and strong capital generation. What I would particularly like to emphasize in our ability to combine business growth and improving profitability is in non-life premium increased by almost 4%, while the combined ratio improved to less than 92%, allowing us to reach ahead of schedule the target originally envisaged for the end of the strategic plan. This is a particularly important achievement because It demonstrates that growth has not come at the expense of underwriting discipline. On th...