(Il Sole 24 Ore Radiocor) - Milano, 15 mag - The Italian insurance group Unipol posted a net profit of 433 million euros, up 6.2% year on year, in the first quarter. The bottom line includes the contribution of Unipol's stake in the bank BPER.

Without BPER's contribution, Unipol's net profit rose 15.4% to 329 million euros.

Direct insurance income, including reinsurance ceded, stood at 4.809 billion euros, up 7.1% compared to the normalised figure of 4.490 billion a year earlier.

The non-life combined ratio stood at 90.0%. The group solvency ratio was 295% and the consolidated solvency ratio.

was 248%.

(RADIOCOR) 15-05-26 08:41:11 (0153) 5 NNNN