(Alliance News) - The board of directors of UnipolSai Assicurazioni Spa on Thursday evening approved the consolidated results as of March 31, 2024, reporting a consolidated net profit of EUR235 million, compared with the result of EUR231 million in the corresponding period of the previous year.

In the first three months of 2024, direct insurance inflows, before reinsurance cessions, stood at EUR4.2 billion, up 8.7 percent from EUR3.86 billion recorded as of March 31, 2023 and 9.8 percent on a like-for-like basis.

Gross profitability of the Group's insurance financial investment portfolio achieved a total return of 3.9 percent of invested assets, of which 3.3 percent came from coupons and dividends, while profitability in the first quarter of 2023 stood at 4.1 percent, with coupons and dividends

at 3.2%.

UnipolSai's individual solvency ratio as of March 31, 2024 was 307%, while it was 313% at the end of 2023.

The consolidated solvency ratio based on economic capital was 322% from 320% as of December 31, 2023.

UnipolSai closed Thursday's session in the red by 0.2 percent at EUR2.68 per share

By Maurizio Carta, Alliance News reporter

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