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

• Life gross written premiums up to 4.2 billion euro 
• Assets under management stand at 172.8 billion euro
• Continued growth in non-motor policies 
• Net profit rises to 261.8 million euro
• Solvency capital requirement at 249%

Milan, 6 May 2025 – The Board of Directors’ meeting of Intesa Sanpaolo Assicurazioni, held on 6 May 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 31 March 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 March 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 € 4,215.8 million, up from €3,722.4 million as at 31 March 2024, showing an increase of +13.3%, mainly attributable to the increase in inflows from Unit Linked policies (+62.2%) partially offset by the decrease in Traditional policies of -10.0% (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, reported gross life written premiums of € 3,163.5 million as at 31 March 2025, compared to € 2,830.7 million as at 31 March 2024, with an increase of +11.8% mainly attributable to the rise in inflows for Unit Linked policies equal to of +94.6% partially offset by the decrease in premiums on Traditional policies -11.2%).

Life new business stood at € 4,132.8 million as at 31 March 2025, up from € 3,639.7 million as at 31 March 2024, registering an increase of +13.5% (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, reported life new business of € 3,088.8 million as at 31 March 2025, up from € 2,758.1 million as at 31 March 2024, registering an increase of +12.0%).

P&C business premiums amounted to € 475.8 million, up +13.1% compared to March 2024. Premiums in the non-motor segment (excluding CPI – Credit Protection Insurance) increased by 13.1%, driven mainly by the Business, Home, Family and Health and Accident Lines of Business (LoB). Motor (+5.6%) and credit-related products (+25.5%) also saw growth.

Group consolidated net profit amounted to € 261.8 million, up 14.4%, compared with € 228.9 million as at 31 March 2024 (the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, recorded a consolidated net result of € 232.0 million as at 31 March 2025, up 15.7%, compared to € 200.6 million recorded as at 31 March 2024). 

Assets under management³ amounted to € 172,826.1 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 € 131,567.8 million on 31 March 2025, compared to € 134.983,5 million in December 2024). 

Shareholders’ equity stood at € 6,892.8 million, a decrease of € -634.6 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 € 6,000.8 million, down by € -660.7 million, compared to € 6,661.5 million at the end of 2024). 

The regulatory Solvency Ratio at 31 March 2025 for the Group was 249% and for Intesa Sanpaolo Assicurazioni individually it was 263% (for the Intesa Sanpaolo Assicurazioni Group, referring only to companies in which the Group has a controlling interest, the Solvency Ratio was 255%). 

For information:
Intesa Sanpaolo Group 
Wealth Management Media Office
stampa@intesasanpaolo.com
+39 02 87963119