Unipol Grupo Spa (UFGSY) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.385 -- 00:00:04.851 Good afternoon. This is the Coruscant Conference Operator. 00:00:04.851 -- 00:00:10.058 Welcome and thank you for joining the Unipol Consolidated Results at September 00:00:10.058 -- 00:00:12.438 30th, 2025 00:00:12.461 -- 00:00:18.048 conference call. As a reminder, all participants are in listen-only mode. 00:00:18.048 -- 00:00:22.514 After the presentation, there will be an opportunity to ask questions. 00:00:22.514 -- 00:00:27.361 Should anyone need assistance during the conference call, they may signal an operator 00:00:27.361 -- 00:00:30.558 by pressing star and zero on their telephone. 00:00:30.558 -- 00:00:33.682 At this time, I would like to turn the conference over to Mr. 00:00:33.682 -- 00:00:40.267 Matteo La Terza, CEO of Unipol. Please go ahead, sir. 00:00:41.091 -- 00:00:45.496 Good morning to everyone. Thank you for participating to this call. 00:00:45.496 -- 00:00:50.522 As you have seen, this morning we reported a net profit of 1.12 00:00:50.522 -- 00:00:54.527 billion euros in the first nine months of the year. 00:00:54.527 -- 00:00:59.633 Let me say, first of all, that this number incorporates the exceptional contribution 00:00:59.633 -- 00:01:05.971 coming from the exchange tender offer launched by Biperbanca on Banca Popolare di Sondrio. 00:01:05.971 -- 00:01:07.673 In particular, 00:01:07.673 -- 00:01:13.818 there was a positive impact of 240 million gross of tax and 150 00:01:13.818 -- 00:01:16.241 million net. 00:01:16.241 -- 00:01:21.926 On the negative side, in the third quarter, we charged our numbers with a provision 00:01:21.926 -- 00:01:27.631 of almost 80 million for the re-edition of the early retirement 00:01:27.631 -- 00:01:29.553 incentive 00:01:29.553 -- 00:01:32.316 fund for 00:01:32.316 -- 00:0...