• Life Gross written premiums reaches 18.8 billion euro
• Assets under management rise to 203.5 billion euro
• Continued growth in non-motor policies 
• Net income attributable to the Group up to 765.9 million euro
• Solvency capital requirement at 267%

Milan, 4 February 2022 - The Board of Directors of Intesa Sanpaolo Vita of 3 February 2022, under the chairmanship of Luigi Maranzana and under the direction of the Managing Director, Nicola Maria Fioravanti - also responsible for the Insurance Division of Intesa Sanpaolo – has approved the results at 31 December 2021. They relate to the Intesa Sanpaolo Vita Insurance 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 Vita Insurance Group including Fideuram Vita. 

The consolidated results as at 31 December 2021 of the Intesa Sanpaolo Vita Insurance Group, including the companies subject to Unified Management, reported a business performance and level of profitability that highlight the validity of the Insurance Group’s management strategy.

Life gross written premiums stood at € 18,827.0 million, compared to € 19,415.1 million at 31 December 2020, a decrease of 3.0%, which was mainly attributable to figures of +26.7% in the Unit linked segment and -34.4% for traditional products (the Intesa Sanpaolo Vita Insurance Group, referring only to companies in which the Group has a controlling interest, reported gross life written premiums of € 14,355.1 million at December 2021 compared to € 15,705.6 million at December 2020, a decrease of 8.6%, attributable mainly to figures of +28.4% for Unit linked products and -33.7% for traditional products).

Life new business amounted to € 18,334.2 million, compared to € 18,106.6 million at 31 December 2020, an increase of 1.3% (the Intesa Sanpaolo Vita Insurance Group, referring only to companies in which the Group has a controlling interest, reported life new business of € 13,915.0 million at 31 December 2021, compared to € 14,452.9 million in December 2020, a decrease of 3.7%).

P&C business premiums amounted to € 1,404.3 million, up 5.1% compared to € 1,336.7 million at 31 December 2020, considering the figures restated for consistency of comparison. It is worth noting the growth of 12% in non-motor products (excluding CPI). 

Consolidated net profit attributable to the Group amounted to € 765.9 million, compared to € 701.1 million at 31 December 2020, an increase of 9.3%³ (the Intesa Sanpaolo Vita Insurance Group, referring only to companies in which the Group has a controlling interest, reported a net profit attributable to the Group of € 687.4 million at 31 December 2021, compared to € 649.1 million recorded in December 2020, an increase of +5.9%).

Assets under management amounted to € 203,452.5 million compared to € 202,339.8 million in December 2020 (the Intesa Sanpaolo Vita Insurance Group, referring only to companies in which the Group has a controlling interest, reported AUM of € 163,290.3 million in December 2021, compared to € 165,747.7 million in December 2020). 

Shareholders’ equity stood at € 7,762.6 million, a decrease of € 288.7 million (-3.6%) compared to year-end 2020, which had a shareholders’ equity of € 8,051.3 million (the Intesa Sanpaolo Vita Insurance Group referring only to the companies subject to a controlling interest recorded shareholders’ equity of € 6,786.0 million, down € 357.3 million compared to € 7,143.3 million at the end of 2020). 

The regulatory solvency ratio as at 31 December 2021 was 267% (the Intesa Sanpaolo Vita Insurance Group, referring only to companies in which the Group has a controlling interest, had a solvency ratio of 264%.

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Per informazioni:
Gruppo Intesa Sanpaolo 
Ufficio Media Wealth Management
stampa@intesasanpaolo.com
+39 02 87963119