(ANSA) – MILAN, MAY 13 – Unipol’s new business plan at 2024 ” Opening new ways “provides for the generation of profits of € 2.3 billion and the payment of total dividends of € 750 million. ” goal is to increase non-life premiums by 1.1 billion compared to 2021, bringing them to 8.9 billion (of which one billion in the health sector), and to increase life insurance by 400 million, to 5.8 billion, with an expected combined ratio of 92.6%.
As regards UnipolSai, the plan envisages cumulative dividends in the three-year period of € 1.4 billion.
The targets of the new plan are higher than those of the previous 2019-2021 ‘Mission evolve’ plan which envisaged 2 billion cumulative profits for Unipol and the distribution of 600 million dividends over the three-year period (1.3 billion for UnipolSai).
“Innovation and digital evolution will guide the Group’s development path in the next few years, opening new paths in the core insurance business, in line with our strategic vision”, declared the president of Unipol, Carlo Cimbri.
“We have a strong market positioning and distinctive assets that we intend to enhance, in a complex economic and market context, to strengthen our leadership in insurance and expand our presence in the Mobility, Welfare and Property ecosystems. With Opening New Ways we place ourselves important financial and industrial targets, combined with a strong focus on the remuneration of shareholders and a solid level of capital “, commented the CEO Matteo Laterza.
The plan has five strategic guidelines: the first consists in “consolidating technical and distribution excellence” through “an increasingly intensive use of Data and Analitycs”, the second in “strengthening leadership in the Health sector”, the third in “strengthening the bancassurance business model “, the fourth in” accelerating the evolution of the offer “in the ecosystems of mobility, welfare and property, the fifth in making the operating model” evolve “with the intensive use of new technologies, data and automation “. (ANSA).
Source: Ansa
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