Unipol Grupo Spa (UFGSY) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.672 -- 00:00:04.778 Good afternoon, this is the Coruscant Conference Operator. 00:00:04.778 -- 00:00:09.305 Welcome and thank you for joining the Unipol Full Year 2025 00:00:09.305 -- 00:00:13.090 Preliminary Results Conference Call. 00:00:13.090 -- 00:00:16.175 At this time, I would like to turn the conference over to Mr. 00:00:16.175 -- 00:00:21.943 Matteo Laterza, CEO of Unipol, for a brief introduction. 00:00:21.943 -- 00:00:24.415 Please, go ahead, sir. 00:00:24.415 -- 00:00:28.742 Good morning. Thank you to all of you for participating to this call. 00:00:28.742 -- 00:00:33.750 Before opening, as usual, the floor to the question, let me make some 00:00:33.750 -- 00:00:38.617 remarks on the number that we disclosed this morning. 00:00:38.617 -- 00:00:44.126 We closed the first year of the industrial plan, achieving results mainly 00:00:44.126 -- 00:00:49.593 above our targets in all the principal industrial and financial sectors. 00:00:49.593 -- 00:00:51.593 First 00:00:52.076 -- 00:00:57.081 of all, in P&C, as you have seen, premium performed very well, 00:00:57.081 -- 00:01:01.006 both in motor and in non-motor, where 00:01:01.006 -- 00:01:06.072 in non-motor, as usual, the main driver was the 00:01:06.072 -- 00:01:10.837 health insurance, where we are following a very solid and important 00:01:10.837 -- 00:01:16.846 trend in the Italian market. The combined ratio 00:01:16.846 -- 00:01:20.088 closed at 92.9%, that 00:01:20.091 -- 00:01:23.636 is in line with our target, 00:01:23.636 -- 00:01:29.263 but I think it's important to underline once again the prudence that we 00:01:29.263 -- 00:01:31.326 decided to adopt 00:01:31.326 -- 00:01:32.889 in 00:01:32.889 -- 00:01:38.436 assessing our technical reserve, and in particular in defining 00:01:38...