Intesa Sanpaolo Assicurazioni: Consolidated Results As At 30 June 2025 Approved
30/07/2025
- Life gross written premiums up to 8.6 billion euro
- Assets under management stand at 175.6 billion euro
- Continued growth in non-motor policies
- Net profit rises to 514.7 million euro
- Solvency capital requirement at 262%
Milan, 30 July 2025 – The Board of Directors’ meeting of Intesa Sanpaolo Assicurazioni, held on 30 July 2025 under the chairmanship of Riccardo Ranalli and under the direction of the Managing Director, Virginia Borla – also responsible for the Insurance Division of Intesa Sanpaolo – approved the results as at 30 June 2025. They relate to the Intesa Sanpaolo Assicurazioni Group, which refers only to companies in which the Group has a controlling interest1 (excluding therefore Fideuram Vita) and, for the Unified Management2, the Intesa Sanpaolo Assicurazioni Group including Fideuram Vita.
The consolidated results as at 30 June 2025 of the Intesa Sanpaolo Assicurazioni Group, including the companies subject to Unified Management, reported good income performance, confirming the validity of the Insurance Group's management strategy.
Life gross written premiums stood at € 8,630.4 million, up compared to € 8,532.2 million as at 30 June 2024, showing an increase of +1.2%, mainly attributable to the increase in inflows from Unit Linked policies +41.2% partially offset by the decrease in Traditional policies of -19.0% (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest reported gross life written premiums of € 6,331.4 million as at 30 June 2025, compared to € 6,699.8 million recorded as at 30 June 2024, with a decrease of -5.5%, mainly attributable to the contraction in premiums from Traditional policies, equal to -25.1%, partially offset by the increase in premiums from Unit Linked policies, equal to +58.4%, and from the Pension sector, equal to +6.7%).
Life new business amounted to € 8,464.6 million, up from € 8,368.3 million as at 30 June 2024, recording an increase of +1.2% (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, reported life new business of € 6,181.7 million as at 30 June 2025, down from € 6,555.5 million as at 30 June 2024, with a decrease of -5.7%).
P&C business premiums amounted to € 862.4 million, up 10.6% compared to June 2024. Premiums in the non-motor segment (excluding CPI – Credit Protection Insurance) increased by 11.1%, driven mainly by the Business, Home, Family and Health and Accident Lines of Business (LoB). Motor (+1.2%) and credit-related products (+16.0%) also saw growth.
Group consolidated net profit amounted to € 514.7 million, up 11.2%, compared with € 462.7 million as at 30 June 2024 (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, recorded a consolidated net result of € 454.3 million as at 30 June 2025, up 10.2%, compared to € 412.2 million recorded as at 30 June 2024).
Assets under management3 amounted to € 175,574.4 million compared to € 177,273.7 million in December 2024 (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, reported AUM of € 133,145.1 million on 30 June 2025, compared to € 134,983.5 million in December 2024).
Shareholders’ equity stood at € 7,223.0 million, a decrease of -€ 304.4 million compared to the end of the 2024 financial year (€ 7,527.4 million) after having paid € 845.2 million in the quarter by way of dividends (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, recorded shareholders' equity of € 6,293.8 million, down by -€ 367.7 million, compared to € 6,661.5 million at the end of 2024).
The regulatory Solvency Ratio at 30 June 2025 for the Group was 262% and for Intesa Sanpaolo Assicurazioni individually it was 277% (for the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, the Solvency Ratio was 269%).
For information:
Intesa Sanpaolo Group
Wealth Management Media Office
stampa@intesasanpaolo.com
+39 02 87963119
¹ The operating companies in which the Group has a controlling interest are: Intesa Sanpaolo Assicurazioni, Intesa Sanpaolo Protezione and Intesa Sanpaolo Insurance Agency.
² Under Article 96 of Legislative Decree 209/2005 “Private Insurance Code”, the insurance parent company Intesa Sanpaolo Assicurazioni is required to prepare consolidated/aggregate financial statements, including the associate Fideuram Vita within its consolidation.
³ The value of assets under management corresponds to the fair value of the financial and insurance-policy liabilities.