Intesa Sanpaolo Vita: results as at 31 March 2016 approved

• Life Gross written premiums at 6,279.0 million euro (6,648.0 million euro as at March 2015 -5.6%)
• Claims paid at 3,638.8 million euro (3,827.2 million euro as at March 2015 -4.9%)
• Life net written premiums at 2,640.2 million euro (2,820.8 million euro as at March 2015 -6.4%)
• Investments at 137,828.7 million euro (134,922.4 million euro as at December 2015, +2.2%)
• Insurance provisions at 87,411.4 million euro (85,362.7 million euro as at December 2015, +2.4%)¹
• Financial liabilities (unit and index linked) at 48,171.7 million euro (47,165.0 million euro as at December 2015, +2.1%)
• Shareholders' equity at 5,449.6 million euro (5,241.3 million euro as at December 2015, +4.0%)
• Net income at 222.7 million euro (204.2 million euro as at March 2015 +9.1%)

Milan, 6 May 2016 – The Board of Directors of Intesa Sanpaolo Vita, chaired by Luigi Maranzana, has approved the results of the Intesa Sanpaolo Vita Insurance Group as at 31 March 2016 - under the direction of the managing director Nicola Maria Fioravanti, also head of the Insurance Division of Intesa Sanpaolo - and for the Unitary Division², the consolidated aggregates of the Intesa Sanpaolo Vita and Fideuram Vita Insurance Groups, which represent in terms of entity³, the uniform scope of the Insurance Division of the Parent Company Intesa Sanpaolo.

The consolidated income of the Intesa Sanpaolo Vita and Fideuram Vita Insurance Groups in the first quarter of 2016 reported excellent results in terms of net profit for the period despite the context of a not particularly favourable market, with confirmation of their position on the domestic insurance market thanks to gross life written premiums exceeding 6.3 billion euro. 

In terms of sales performance, new life business reported a slight decrease of -5.5% dropping from 6,572.7 million euro in March 2015 to 6,211.2 million euro at the end of the first quarter of 2016 (Intesa Sanpaolo Vita Insurance Group 5,126.5 million euro as at March 2016 compared to 4,984.9 million euro at the end of March 2015 with a change of +2.8%).

• a decrease of -253.7 million euro written premiums on Unit Linked products⁴ offered, starting in 2015, also as a multi-branch hybrid product: these products reported gross written premiums of 3,243.2 million euro as at 31 March 2016 compared to 3,496.9 million euro reported in the first quarter of 2015 with a decrease of -7.3%  (Intesa Sanpaolo Vita Insurance Group 2,413.9 million euro at March 2016 with an increase of 26.3% compared to 1,911.1 million euro at March 2015);
• a  containment of the traditional product offering which witnessed a decrease of 5.1% totalling 155.8 million euro of written premiums which dropped from the 3,054.5 million euro reported in March 2015 to the 2,898.7 million euro reported in the first quarter of 2016 (Intesa Sanpaolo Vita Insurance Group 2,637.2 million euro in March 2016 with a 13.2% decrease compared to the 3,039.2 million euro in March 2015);
• an increase of 41.8% in pension fund business written premiums which rose from the 96.6 million euro reported in the first quarter of 2015 to 137.1 million euro reported in March 2016 (Intesa Sanpaolo Vita Insurance Group 116.8 million euro in March 2016 compared to 79.6 million euro in March 2015 with a positive change equal to 46.8%).

• +2.4% in insurance provisions up from 85,362.7 million euro in December 2015 to 87,411.4 million euro at the end of March 2016 (in the Intesa Sanpaolo Vita Insurance Group the increase is +2.4% rising from 79,234.9 million euro at the end of 2015 to 81,100.7 million euro at the end of the first quarter of 2016);