This is how Intesa Sanpaolo Vita insures the Messina accounts
Numbers and scenarios on Intesa Sanpaolo Vita. The article by Emanuela Rossi
Net profit up for the Intesa Sanpaolo Vita insurance group, active in the Investment and Savings, Protection and Pensions areas, formed by the parent company – born in January 2012 from the merger of EurizonVita, Intesa Sanpaolo Vita (formerly Intesa Vita), Sud Polo Vita and Centrovita Insurance – and by the wholly owned subsidiaries Intesa Sanpaolo Assicura, Intesa Sanpaolo Life, Intesa Sanpaolo Insurance Agency, Cargeas. Intesa Sanpaolo Rbm Salute is also 70.3% included; 29.7% is still owned by the Favaretto family, which will completely withdraw from the shareholding structure by 2029. Then there is Fideuram Vita which falls within the scope of regulatory consolidation of the insurance group but is not subject to shareholder control.
RESULTS AND BALANCE SHEET DATA OF INTESA SANPAOLO VITA
Going into detail, as of 31 December 2021 Intesa Sanpaolo Vita boasts a gross life production of 18.8 billion, down from 19.4 billion a year earlier (-3%) to be attributed above all – informs a note from the group – to the + 26.7% of the Unit linked segment and -34.4% of traditional products. New life business, on the other hand, amounted to 18.3 billion, + 1.3% compared to 18.1 billion at 31 December 2020. Plus sign also for the pertinent consolidated net result which reaches 765.9 million (+9, 3% year on year) and for assets under management at 203.4 million.
On the balance sheet, there was a decrease to 7.7 billion (-3.6%) compared to the net assets of the previous year at 8 billion. The regulatory Solvency Ratio as at 31 December 2021 was 267%.
WEIGHT IN THE INTESA SANPAOLO GROUP
Interesting numbers that are reflected in other data that have already emerged. Indeed, as the Repubblica Affari & Finanza insert reminds us, the insurance sector now produces almost a quarter of the entire gross operating result of Ca 'de Sass. After all, the figures are what we have seen: "In the life classes, Intesa firmly maintains the first place in the ranking of Italian insurance companies, with assets under management of over 200 billion and new life business over 18 billion, while it is fourth in the class non-auto damage, considering both retail and businesses. The division then rises to third place in non-motor damage for retail only, the segment of customers and families on which it focuses most ".
Affari & Finanza highlights how the performance of 2021 led the insurance sector to score "an exponential growth compared to the 209 million premiums of 2014, when the previous business plan with a strong focus on protection was launched". Moreover, it is in fourth place in the non-auto damage market ranking and "has therefore achieved the goal that Messina had indicated more than 4 years ago". In some statements issued by the CEO of Intesa Sanpaolo Vita (since 2004) and head of the Intesa Sanpaolo Insurance Division, Nicola Maria Fioravanti, attention is also focused on Intesa Sanpaolo Rbm Salute which last year made a contribution of 23% of the total: "We have improved by 2 points compared to 2019, the last comparable year – he said -, while 2020 is not valid, because with the lockdown due to the pandemic it has brought extraordinary profitability".
THE GROUP'S COMMENT
In the note accompanying the accounts, the satisfaction of the Intesa Sanpaolo Vita guide emerges: "Also 2021 saw all the main indicators of our financial statements grow, consolidating our leadership position in the life market and fourth operator in the non-life market. -motor, and contributing, as a Division, 12% to the operating result of the entire Group "said Fioravanti who recalled how last year the acquisition of the insurance companies from Ubi was completed and Intesa Sanpaolo was launched Insurance Agency, which operates through its own distribution structure and offers tailor-made products for businesses.
In line with the Group's new Business Plan, Intesa Sanpaolo Vita is ready to expand its offer in the Life, Non-Life and Health sectors and in 2022 will launch an initiative "aimed at senior customers and their caregivers, which will aim to offer and dedicated products in the financial, social-health, welfare and recreational fields in partnership with specialized operators ".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/ecco-come-intesa-sanpaolo-vita-assicura-i-conti-di-messina/ on Sun, 06 Mar 2022 17:26:18 +0000.