Finance
Italy's Unipol reports 12% rise in half-year profit
Published by Global Banking & Finance Review®
Posted on August 8, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 8, 2025
1 min readLast updated: January 22, 2026
Unipol's half-year profit rose by 12% to 622 million euros, supported by strategic bank integrations, aiming for 410 billion euros in assets.
(Reuters) -Italian financial group Unipol on Friday posted a 12% rise in its first-half net profit to 622 million euros ($725 million) on a reported basis.
Unipol, insurance partner and main shareholder of Italian banks BPER and Popolare di Sondrio, had backed BPER's recently completed 5.44 billion euro takeover bid for Popolare di Sondrio.
The integration of the two banks, expected by the first half of 2026, is set to create a banking group with 410 billion euros in financial assets and around 6 million clients.
The consolidated net profit of Italy's second biggest insurer, which includes the contribution of the two banks, was 743 million euros in the first six months of 2025, rising more than 17% from last year.
($1 = 0.8578 euros)
(Reporting by Philippe Leroy Beaulieu in Gdansk, editing by Milla Nissi-Prussak)
Net profit is the amount of money a company earns after all expenses, taxes, and costs have been deducted from total revenue. It is a key indicator of a company's profitability.
A takeover occurs when one company acquires control of another company, typically by purchasing a majority of its shares. This can lead to significant changes in the acquired company's operations and strategy.
Financial integration refers to the process of combining different financial institutions, markets, or systems to create a more cohesive and efficient financial environment, often leading to increased access to services and capital.
A banking group is a collection of financial institutions that operate under a single parent company, providing a range of financial services such as banking, insurance, and investment management.
An insurance partner is a company or organization that collaborates with an insurance provider to offer services, products, or solutions, often enhancing the range of options available to customers.
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