Amazing earnings for those who invested in Unipol 5 years ago or at the end of last February. Or even at the end of October 2020. Unipol 2020 ended with a bang. The accumulated profit is actually a good 864 million euros.
Positive results in a disastrous year for many other sectors
Good news also for the shareholders of the holding: In fact, they receive maximum returns, which is a bonus that stopped the previous year due to the agreements concluded withEvas (Institute of Insurance Supervision).
Despite the decrease compared to the figures for 2019 (equivalent to 1,087 million euros), the results in terms of profits achieved in the 2019-2020 biennium are clearly in line with the three-year industrial plan developed by the company. In fact, out of the 2 billion profit target expected by the end of 2021, about 1.6 billion have already been achieved within two years.
Reward for members will be more important
Higher profit means higher dividends to the shareholders of the group. In fact, Unipol mentioned in a note that the board of directors agreed to distribute coupons valued at 0.28 euros per share.
A much higher range if compared to the € 0.18 projected in 2019. This allows Unipol to approach the dividend target of € 600m set for the end of 2021.
The event that allowed Unipol to touch such numbers can be found in the non-life branch of insurance. Significant drop in accidents due to the pandemic, while blocking traffic. This made it possible to establish a correction of the losses incurred by the Emilian Group elsewhere in the Life insurance policies. But also in diversification sectors like real estate, hotels, and holding companies.
Unipol shuts down with a big dividend for shareholders
Unipol closed with a 2020 profit of € 864 million and a maximum dividend to the shareholders. Insurance sector data is also growing: Unipol Sai closed the year 2020 with a net profit of € 853 million (+ 18.3% compared to 2019). It offers its shareholders coupons of 0.19 € per share (+ 18.7% compared to 2019).
The comfort results also come from UniSalute, with insurance premiums increasing (+ 7.7%) compared to the previous year’s figures.
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