Intesa Sanpaolo Assicurazioni: consolidated results as at 31 December 2025 approved

• Life gross written premiums up to 19.8 billion euro
• Assets under management rise to 182.3 billion euro
• Continued growth in non-motor policies
• Net profit stands at 969.7 million euro
• Solvency capital requirement at 259%

Milan, 2 February 2026 - The Board of Directors’ meeting of Intesa Sanpaolo Assicurazioni, held on 1 February 2026 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 31 December 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 31 December 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 amounted to 19,826.5 million euro, up from 18,120.4 million euro recorded at 31 December 2024, showing an increase of +9.4%, attributable to the growth in inflow from Unit Linked policies (+46.5%) and policies related to pensions including newly acquired collective pension contracts for 1,009.6 million euro, partially offset by the decrease in Traditional policies of -17.9% (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, shows Life Gross written premiums of 15,023.3 million euro as at 31 December 2025, compared to 13,852.7 million euro recorded as at 31 December 2024, an increase of +8.5%, attributable to Unit Linked policies , +73.7%, and policies related to pensions including newly acquired collective pension contracts of 1,009.6 million euro, partially offset by the decrease in inflows from Traditional policies, -22.2%).

Life new business stood at 19,472.2 million euro up from 17,774.4 million euro at 31 December 2024, recording an increase of +9.6% (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, reported life new business of 14,708.0 million euro at 31 December 2025, up from 13,545.3 million euro at 31 December 2024, an increase of +8.6%).

P&C business premiums amounted to 1,644.9 million euro, up 8.5% compared to 31 December 2024. Premiums in the non-motor segment (excluding credit-related products) grew by +9.0%, mainly driven by the Business, Health and Accident, and Home and Family product lines. Credit-related products (+9.7%) and motor (+1.0%) also saw growth.

Group consolidated net profit amounted to 969.7 million euro, down 18.1% from 1,183.6 million euro at 31 December 2024 (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, recorded a consolidated net result of 862.9 million euro at 31 December 2025, down 20.8% from 1,089.7 million euro at 31 December 2024). The result as at 31 December 2024 benefited from the non-recurring positive component of 293 million euro, deriving from the tax recognition of the market value of assets and liabilities, including intangibles, resulting from the merger by incorporation of Intesa Sanpaolo Life into Intesa Sanpaolo Assicurazioni.

The net profit of the insurance Group's, net of the aforementioned non-recurring component, therefore increased by +8.9% (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, net of the non-recurring component, recorded an increase of +8.3%).

Assets under management³ grew to 182,283.9 million euro compared to 177,273.7 million euro recorded at 31 December 2024 (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, reported assets under management of 135,289.9 million euro at 31 December 2025, compared to 134,983.5 million euro at 31 December 2024).

Shareholders’ equity stood at 7,001.5 million euro, down 525.9 million euro compared to 7,527.4 million euro at the end of the 2024 financial year, after having paid 1,495.1 million euro in 2025 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 6,027.6 million euro, down 633.9 million euro compared to 6,661.5 million euro at 31 December 2024).

The regulatory Solvency Ratio at 31 December 2025 was 259% and for Intesa Sanpaolo Assicurazioni individually it was 278% (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