Published by Global Banking & Finance Review®
Posted on November 7, 2025
1 min readLast updated: January 21, 2026
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Unipol's net profit rose 48% to €1.24 billion, driven by the BPER-Pop Sondrio merger, with significant gains in its core insurance activities.
(Reuters) -Unipol said on Friday its consolidated nine-month net profit including contributions from its investment in BPER rose 48% year-on-year to 1.24 billion euros ($1.45 billion), reaping the benefit of the lender's takeover of Pop Sondrio.
The Italian financial group reported net profit of 961 million euros from its core insurance activity, while direct insurance income came in at 12.6 billion euros, up 10.8% from the same period last year.
In July, BPER completed a 5.4 billion euro cash-and-share deal for peer Banca Popolare di Sondrio, and on Wednesday both banks approved the merger plan, aiming to complete it by mid-April.
Unipol, a main shareholder in both BPER and Pop Sondrio before their merger, remains the leading investor in the combined entity and distributes its insurance products through both lenders.
($1 = 0.8575 euros)
(Reporting by Enrico Sciacovelli, editing by Alvise Armellini)
Net profit is the amount of money that remains after all expenses, taxes, and costs have been deducted from total revenue. It reflects a company's profitability over a specific period.
A merger is a business combination where two companies join to form a single entity. This can enhance market share, reduce competition, and achieve operational efficiencies.
Core insurance activity refers to the primary operations of an insurance company, including underwriting policies, collecting premiums, and paying claims.
Investment contributions are funds allocated by investors into a company or project, aimed at generating returns through profits or capital gains.
Direct insurance income is the total premiums collected by an insurance company from its policyholders before any deductions for claims or expenses.
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