AI assistant
Unipol — Interim / Quarterly Report 2016
Aug 4, 2016
4405_ir_2016-08-04_0fd5388f-60b7-41db-bd2a-d58039512259.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 0265-74-2016 |
Data/Ora Ricezione 04 Agosto 2016 07:12:12 |
MTA | |
|---|---|---|---|
| Societa' | : | UNIPOL | |
| Identificativo Informazione Regolamentata |
: | 77935 | |
| Nome utilizzatore | : | UNIPOLN05 - Giay | |
| Tipologia | : | IRAG 02 | |
| Data/Ora Ricezione | : | 04 Agosto 2016 07:12:12 | |
| Data/Ora Inizio Diffusione presunta |
: | 04 Agosto 2016 07:27:13 | |
| Oggetto | : | RESULTS FOR THE FIRST HALF OF 2016 |
|
| Testo del comunicato |
Vedi allegato.
Bologna, 4 August 2016
UNIPOL GROUP: RESULTS FOR THE FIRST HALF OF 2016 APPROVED
- Consolidated net profit of €276m (€446m in the first half of 2015, which benefitted extraordinarily from the results of financial management)
- Direct insurance income of €8.4bn (-3.4% compared to the first half of 2015)
- Non-Life business: €4.0bn (-1.7%) Life business: €4.4bn (-4.8%)
- Combined ratio net of reinsurance at 96.3% (97.2% in the first half of 2015)
- Consolidated Solvency II margin equal to 140% 1
The Board of Directors of Unipol Gruppo Finanziario S.p.A., which met yesterday under the chairmanship of Pierluigi Stefanini, approved the consolidated results of the Group at 30 June 2016.
In the first six months of the year the Unipol Group recorded a consolidated net profit of €276m compared to €446m recorded in the first half of 2015, a period benefitting in financial management from significant capital gains concentrated mainly in the first quarter of 2015 and not repeated in the current year.
The pre-tax result of the insurance business was a profit of €461m (€784m in the first half of 2015). Non-Life business contributed to this result with €268m (€534m in the first half of 2015) and Life business with €193m (€250m in the first half of 2015).
Direct insurance income during the period, gross of outwards reinsurance, stood at €8,408m (-3.4% compared to €8,701 at 30 June 2015).
Non-Life Business
Non-Life direct premium income amounted to €4,011m at 30 June 2016 (-1.7% compared to €4,082m in the first half of 2015). The UnipolSai Group contributed to this total with €3,685m (-2.3% compared to €3,772m in the first half of 2015) and other direct subsidiaries of Unipol Gruppo Finanziario (UniSalute, Linear and Arca Assicurazioni) with €326m (+5.3% compared to €309m in the first half of 2015). In particular, UniSalute capitalised on its specialist skills, recording premium income of €197m (€177m at 30 June 2015, +11.3%).
1 Figure calculated according to the Standard Formula with the use of USPs (Undertaking Specific Parameters)
MV premium income amounted to €2,228m (-4.4% compared to €2,331m at 30 June 2015), recording a portfolio increase of approximately 160 thousand policies compared to the first half of 2015. Non-MV business recorded greater resilience with premium income amounting to €1,784m (+1.9% compared to €1,751m at 30 June 2015) thanks to the solid performance of business relating to persons. With regard to underwriting profitability, the positive trend recorded by Non-MV business made it possible to offset the continued decline of the average MV TPL premium determined by current strong competitive pressure.
In this scenario, the Unipol Group recorded a combined ratio2 of 96.3% at 30 June 2016 (94.7% on direct business income), an improvement compared to 97.2% in the same period of 2015. The loss ratio2 stood at 69.3% (70.3% at 30 June 2015). The expense ratio2 was equal to 27.0%, in line with 26.9% in the same period of 2015.
The pre-tax result of the business was a profit of €268m (€534m in the first half of 2015).
Life Business
Direct income amounted to €4,396m in the first half of 2016, a decrease of 4.8% compared to the first half of 2015. In a market environment still characterised by high volatility and low or even negative short and medium term interest rates, the commercial offer refocused on multi-branch products.
Direct income of UnipolSai amounted to €1,593m (-12.0% compared to €1,799m in the first half of 2015). In the bancassurance channel, the Arca Vita Group recorded direct income of €1,360m (+22.9% compared to €1,107m in the first half of 2015), while the Popolare Vita Group, with income amounting to €1,384m, recorded a decrease of 13.4% (€1,597m in the first half of 2015).
The pre-tax result of the business was a profit of €193m (€250m in the same period of 2015).
Banking Business
The gross economic result of the banking business at 30 June 2016 was a profit of €2m (€6m in the first half of 2015). At 30 June 2016, direct income of Unipol Banca3 stood at €9,675m (-3.1% compared to the end of 2015). Loans4 to customers amounted to €8,665m (€8,766m at the end of 2015, -1.2%). With regard to the portfolio of impaired loans, total gross loans decreased by approximately €40m compared to 31 March 2016 (continuing the downward trend that began at the end of 2015), while the coverage ratio increased to 45.2% overall and 57.8% for non-performing loans.
CET1 of the Unipol Banking Group was equal to 16.3%.
Real Estate Business
Operations continued to be focused on the recovery and redevelopment of certain significant properties in portfolio, in particular in the city of Milan.
2 Net of reinsurance
3 Including its subsidiaries and excluding income collateralised at CC&G
4 Net of provisions by U.G.F. S.p.A.
The pre-tax result of the business was a loss of €10m (-€81m at 30 June 2015).
Holdings and Other Business
The commercial development of diversified companies and measures for the cost efficiency of the parent company continued. These activities, together with the restructuring initiatives implemented in previous years and still underway, made it possible to achieve gradually improving results.
In particular, in the hotel industry the results of Atahotels were positive, recording a profit of approximately €2m at 30 June 2016. Moreover, the winding up of Centro Oncologico Fiorentino should be noted.
The pre-tax result of the business was a loss of €58m (-€61m in the first half of 2015).
Financial Management
The profitability of the portfolio, despite being made with a view to preserving the risk/return profile of assets and consistency between assets and liabilities underwritten with policyholders, achieved a significant yield during the period, equal to 3.6% of invested assets.
Furthermore, the policy adopted to gradually decrease the incidence of domestic government bonds as a part of the progressive diversification towards a selective increase of corporate securities and other financial assets continued.
Balance Sheet
Shareholders' equity amounted to €8,006m at 30 June 2016 (€8,445m at 31 December 2015) of which €5,464 attributable to the Group. The AFS reserve amounted to €769m in the first half of 2016 (€982m at 31 December 2015).
The solvency margin of the Group, calculated in accordance with Solvency II regulations, was equal to 140%1 , a decrease compared to 150%1 at the end of 2015 due to effects mainly arising from financial market performance in this first part of the year.
Presentation of the Results to the Financial Community
A conference call will be held at 10:00 am today during which financial analysts and institutional investors may submit questions to the Group CEO and Senior Management on the results at 30 June 2016. The phone numbers to dial to attend the event are: +39/02/8020911 (from Italy and all other countries), +1/718/7058796 (from the US) and +44/121/2818004 (from the UK).
****
In order to allow more complete disclosure of the results at 30 June 2016, please find attached hereto the Consolidated Balance Sheet, the Consolidated Income Statement, the summary of the Consolidated Income Statement by Business Segment and the Balance Sheet by Business segment.
****
Maurizio Castellina, Manager in charge of financial reporting of Unipol Gruppo Finanziario S.p.A. and UnipolSai Assicurazioni S.p.A., declares, pursuant to Article 154-bis, paragraph 2, of the Consolidated Law on Finance, that the accounting information contained in the presentation corresponds to the figures in corporate accounting records, ledgers and documents.
Glossary
CET1: Common Equity Tier 1, core measure of banking financial strength Basel III COMBINED RATIO: sum of loss ratio and expense ratio EXPENSE RATIO: ratio of Non-Life operating expenses and premiums calculated on earned premiums LOSS RATIO: ratio of Non-Life claims and premiums AFS RESERVE: reserves on assets classified as "available-for-sale"
Contacts
Unipol Group Press Office
Fernando Vacarini Tel. +39/051/5077705 [email protected]
Barabino & Partners Massimiliano Parboni [email protected] Tel. +39/335/8304078 Giovanni Vantaggi [email protected]
Tel. +39/328/8317379
Unipol Group Investor Relations Adriano Donati Tel. +39/051/5077933
Follow us on https://www.linkedin.com/company/unipol-gruppo https://twitter.com/UnipolGroup\_PR
Unipol Gruppo Finanziario S.p.A.
Unipol is one of the leading insurance groups in Europe with a total income amounting to approximately €16.5bn, of which €7.9bn in Non-Life Business and €8.6bn in Life Business (2015 figures). Unipol adopts an integrated offer strategy and covers a complete range of insurance and financial products, operating primarily through its subsidiary UnipolSai Assicurazioni S.p.A., founded at the beginning of 2014, Italian leader in Non-Life Business, in particular in MV TPL insurance.
The Group is also active in direct vehicle insurance (Linear Assicurazioni), health protection (UniSalute), supplementary pensions and has a strong presence in the bancassurance channel (Arca Vita Group and Popolare Vita Group).
Finally, Unipol operates in the banking business through the network of Unipol Banca branches and manages significant diversified businesses in the real estate, hotel (Atahotels) and agricultural (Tenute del Cerro) sectors.
Unipol Gruppo Finanziario S.p.A. is listed on the Italian Stock Exchange.
Consolidated Balance Sheet – Assets
| 30/6/2016 | 31/12/2015 | ||
|---|---|---|---|
| 1 | INTANGIBLE ASSETS | 2,040.7 | 2,071.0 |
| 1.1 | Goodwill | 1,581.9 | 1,581.9 |
| 1.2 | Other intangible assets | 458.8 | 489.1 |
| 2 | PROPERTY, PLANT AND EQUIPMENT | 1,734.0 | 1,757.0 |
| 2.1 | Property | 1,582.1 | 1,619.1 |
| 2.2 | Other items of property, plant and equipment | 151.9 | 137.9 |
| 3 | TECHNICAL PROVISIONS - REINSURERS' SHARE | 919.8 | 897.4 |
| 4 | INVESTMENTS | 80,970.5 | 79,346.6 |
| 4.1 | Investment property | 2,291.4 | 2,350.2 |
| 4.2 | Investments in subsidiaries and associates and interests in joint ventures | 73.7 | 90.0 |
| 4.3 | Held-to-maturity investments | 1,448.8 | 1,528.4 |
| 4.4 | Loans and receivables | 13,881.9 | 14,549.2 |
| 4.5 | Available-for-sale financial assets | 53,477.4 | 50,915.8 |
| 4.6 | Financial assets at fair value through profit or loss | 9,797.2 | 9,913.1 |
| 5 | SUNDRY RECEIVABLES | 2,944.2 | 3,214.6 |
| 5.1 | Receivables relating to direct insurance business | 1,205.1 | 1,593.5 |
| 5.2 | Receivables relating to reinsurance business | 99.7 | 80.7 |
| 5.3 | Other receivables | 1,639.5 | 1,540.5 |
| 6 | OTHER ASSETS | 1,841.7 | 1,612.2 |
| 6.1 | Non-current assets held for sale or disposal groups | 46.0 | 16.5 |
| 6.2 | Deferred acquisition costs | 89.8 | 86.9 |
| 6.3 | Deferred tax assets | 961.3 | 919.5 |
| 6.4 | Current tax assets | 62.0 | 53.6 |
| 6.5 | Other assets | 682.6 | 535.7 |
| 7 | CASH AND CASH EQUIVALENTS | 794.5 | 874.4 |
| TOTAL ASSETS | 91,245.5 | 89,773.3 |
Consolidated Balance Sheet – Equity and Liabilities
| 30/6/2016 | 31/12/2015 | ||
|---|---|---|---|
| 1 | EQUITY | 8,006.1 | 8,444.5 |
| 1.1 | attributable to the owners of the Parent | 5,463.7 | 5,523.6 |
| 1.1.1 | Share capital | 3,365.3 | 3,365.3 |
| 1.1.2 | Other equity instruments | 0.0 | 0.0 |
| 1.1.3 | Equity-related reserves | 1,724.6 | 1,724.6 |
| 1.1.4 | Income-related and other reserves | -276.7 | -426.0 |
| 1.1.5 | (Treasury shares) | -35.3 | -34.7 |
| 1.1.6 | Translation reserve | 2.1 | 2.4 |
| 1.1.7 | Gains or losses on available-for-sale financial assets | 482.7 | 589.1 |
| 1.1.8 | Other gains or losses recognised directly in equity | 41.0 | 31.1 |
| 1.1.9 | Profit (loss) for the year attributable to the owners of the Parent | 160.0 | 271.8 |
| 1.2 | attributable to non-controlling interests | 2,542.4 | 2,921.0 |
| 1.2.1 | Share capital and reserves attributable to non-controlling interests | 2,122.3 | 2,206.4 |
| 1.2.2 | Gains or losses recognised directly in equity | 303.9 | 407.6 |
| 1.2.3 | Profit (loss) for the year attributable to non-controlling interests | 116.1 | 307.0 |
| 2 | PROVISIONS | 508.5 | 550.1 |
| 3 | TECHNICAL PROVISIONS | 64,622.3 | 63,149.6 |
| 4 | FINANCIAL LIABILITIES | 15,777.6 | 15,571.4 |
| 4.1 | Financial liabilities at fair value through profit or loss | 3,111.7 | 2,657.8 |
| 4.2 | Other financial liabilities | 12,665.9 | 12,913.6 |
| 5 | PAYABLES | 1,108.9 | 917.7 |
| 5.1 | Payables arising from direct insurance business | 122.0 | 146.9 |
| 5.2 | Payables arising from reinsurance business | 149.2 | 87.6 |
| 5.3 | Other payables | 837.7 | 683.2 |
| 6 | OTHER LIABILITIES | 1,222.1 | 1,139.9 |
| 6.1 | Liabilities associated with disposal groups held for sale | 0.0 | 0.0 |
| 6.2 | Deferred tax liabilities | 55.1 | 49.4 |
| 6.3 | Current tax liabilities | 49.3 | 42.4 |
| 6.4 | Other liabilities | 1,117.7 | 1,048.1 |
| TOTAL EQUITY AND LIABILITIES | 91,245.5 | 89,773.3 |
Consolidated Income Statement
| 30/6/2016 | 30/6/2015 | ||
|---|---|---|---|
| 1.1 | Net premiums | 7,590.7 | 8,089.6 |
| 1.1.1 | Gross premiums | 7,808.1 | 8,304.1 |
| 1.1.2 | Ceded premiums | -217.4 | -214.5 |
| 1.2 | Fee and commission income | 68.3 | 79.9 |
| 1.3 | Gains and losses on financial instruments at fair value through profit or loss | -197.5 | 371.9 |
| 1.4 | Gains on investments in subsidiaries and associates and interests in joint ventures |
3.6 | 3.7 |
| 1.5 | Gains on other financial instruments and investment property | 1,450.8 | 1,659.4 |
| 1.5.1 | Interest income | 988.4 | 1,002.7 |
| 1.5.2 | Other gains | 93.6 | 89.9 |
| 1.5.3 | Realised gains | 293.8 | 487.1 |
| 1.5.4 | Unrealised gains | 74.9 | 79.8 |
| 1.6 | Other revenue | 234.2 | 242.8 |
| 1 | TOTAL REVENUE AND INCOME | 9,150.0 | 10,447.3 |
| 2.1 | Net charges relating to claims | -6,624.0 | -7,469.4 |
| 2.1.1 | Amounts paid and changes in technical provisions | -6,689.4 | -7,568.7 |
| 2.1.2 | Reinsurers' share | 65.4 | 99.3 |
| 2.2 | Fee and commission expense | -19.5 | -18.5 |
| 2.3 | Losses on investments in subsidiaries and associates and interests in joint ventures |
-2.1 | -7.8 |
| 2.4 | Losses on other financial instruments and investment property | -321.3 | -477.5 |
| 2.4.1 | Interest expense | -117.9 | -136.7 |
| 2.4.2 | Other charges | -27.2 | -23.2 |
| 2.4.3 | Realised losses | -72.3 | -90.2 |
| 2.4.4 | Unrealised losses | -103.9 | -227.4 |
| 2.5 | Operating expenses | -1,363.5 | -1,399.5 |
| 2.5.1 | Commissions and other acquisition costs | -867.1 | -924.6 |
| 2.5.2 | Investment management expenses | -53.9 | -38.8 |
| 2.5.3 | Other administrative expenses | -442.4 | -436.2 |
| 2.6 | Other costs | -425.2 | -427.2 |
| 2 | TOTAL COSTS AND EXPENSES | -8,755.6 | -9,799.9 |
| PRE-TAX PROFIT (LOSS) FOR THE YEAR | 394.4 | 647.4 | |
| 3 | Income tax | -118.3 | -201.5 |
| POST-TAX PROFIT (LOSS) FOR THE YEAR | 276.2 | 445.9 | |
| 4 | PROFIT (LOSS) FROM DISCONTINUED OPERATIONS | 0.0 | 0.0 |
| CONSOLIDATED PROFIT (LOSS) FOR THE YEAR | 276.2 | 445.9 | |
| attributable to the owners of the Parent | 160.0 | 254.9 | |
| attributable to non-controlling interests | 116.1 | 191.0 |
Condensed Consolidated Income Statement by Business Segment
Amounts in €m
| NON-LIFE BUSINESS |
LIFE BUSINESS |
INSURANCE BUSINESS |
BANKING BUSINESS |
HOLDINGS/SERVICES/ OTHER BUSINESSES |
REAL ESTATE BUSINESS (*) |
Intersegment Elimination |
CONSOLIDATED TOTAL |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| jun-16 | jun-15 var.% | jun-16 jun-15 var.% | jun-16 | jun-15 var.% jun-16 jun-15 var.% | jun-16 jun-15 var.% jun-16 jun-15 var.% | jun-16 jun-15 jun-16 jun-15 var.% | |||||||||||||||||
| Net premiums | 3,757 3,820 -1.6 | 3,833 4,269 -10.2 7,591 | 8,090 | -6.2 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 7,591 8,090 -6.2 | ||||||||
| Net fees and commissions | -1 | 0 #### | 1 4 |
5 184.1 | 1 3 |
5 169.3 | 4 9 |
4 8 |
1.1 | 1 3 |
1 4 |
-6.4 | 0 | 0 -29.9 | -26 | -5 | 4 9 |
6 | 1 -20.6 | ||||
| Financial income/expense (excl. Assets/ liabilities at fair | |||||||||||||||||||||||
| value) (**) Net interest |
258 | 504 -48.8 | 694 | 945 -26.6 | 952 | 1,450 -34.3 105 101 | 3.9 | -35 -26 -36.5 | -2 -48 96.9 | -50 | -61 | 970 1,415 -31.5 | |||||||||||
| Other income and expenses | 187 | 184 1.7 | 625 | 609 | 2.7 | 812 | 792 | 2.5 110 124 -11.4 | -29 -24 | 19.0 | -1 | -1 13.4 | -22 | -20 | 870 | 871 -0.1 | |||||||
| 5 0 |
4 | 0 25.6 | 3 7 |
3 5 |
3.8 | 8 7 |
7 6 |
15.4 | 1 | 0 254.6 | -3 | -4 -33.0 | 7 | 2 | 0 -65.9 | -18 | -21 | 7 4 |
7 1 |
4.8 | |||
| Realised gains and losses | 104 | 246 -57.7 | 9 7 |
258 -62.5 | 201 | 504 -60.2 | 1 5 |
8 77.4 | 2 | 3 -27.7 | -1 | -1 | 0.9 | 0 | 0 | 216 | 514 -57.9 | ||||||
| Unrealised gains and losses | -83 | 3 | 4 #### | -65 | 4 | 4 -248.5 | -148 | 7 | 8 -290.4 -21 -32 -35.1 | -6 | 0 1310.8 | -7 -67 -90.2 | -10 | -20 -191 | -41 361.9 | ||||||||
| Net charges relating to claims | -2,515 -2,597 -3.2 | -4,145 -4,737 -12.5 -6,660 -7,335 | -9.2 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 -6,660 -7,335 -9.2 | |||||||||
| Operating expenses | -1,062 -1,057 0.4 | -153 | -194 -21.1 -1,215 -1,252 | -2.9 -159 -148 | 7.5 | -51 -56 | -8.4 | -5 -14 -64.4 | 6 7 |
7 | 0 -1,363 -1,400 -2.6 | ||||||||||||
| Commissions and other acquisition costs | -820 | -840 -2.3 | -73 | -106 -31.1 | -893 | -945 | -5.5 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 2 6 |
2 | 1 -867 -925 -6.2 | ||||
| Other expenses | -242 | -218 11.0 | -81 | -89 | -9.1 | -322 | -306 | 5.2 -159 -148 | 7.5 | -51 -56 | -8.4 | -5 -14 -64.4 | 4 1 |
4 | 9 -496 -475 | 4.5 | |||||||
| Other income / expense | -170 | -136 24.9 | -50 | -38 30.0 | -219 | -174 26.0 | 8 | 5 53.9 | 1 5 |
7 115.4 | -3 -19 -81.6 | 9 | -4 -191 -184 | 3.6 | |||||||||
| Pre-tax profit (loss) | 268 | 534 -49.8 | 193 | 250 -22.8 | 461 | 784 -41.2 | 2 | 6 -66.0 | -58 -61 | 4.1 | -10 -81 87.7 | 0 | 0 | 394 | 647 -39.1 | ||||||||
| Income tax | -72 | -160 -55.3 | -57 | -70 -18.4 | -129 | -230 -44.0 | -1 | -2 -50.9 | 1 1 |
9 | 23.1 | 1 | 2 | 2 -95.7 | 0 | 0 -118 -202 -41.3 | |||||||
| Profit (loss) on discontinued operations | 0 | 0 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Consolidated profit (loss) for the period | 196 | 374 -47.5 | 135 | 179 -24.5 | 332 | 553 -40.0 | 1 | 4 -73.4 | -48 -52 | 8.6 | -9 -59 84.6 | 0 | 0 | 276 | 446 -38.1 | ||||||||
| Profit (loss) attributable to the owners of the Parent | 160 | 255 -37.2 | |||||||||||||||||||||
| Profit (loss) attributable to non-controlling interests | 116 | 191 -39.2 |
(*) Real Estate business only includes real estate companies controlled by the Group. At 30/06/2015, the sector included figures for the company UnipolSai Real Estate, which merged into UnipolSai on 31 December 2015 - Insurance sector, Non-Life business.
(**) Excluding assets/liabilities at fair value related to contracts issued by insurance companies with investment risk borne by customers and arising from pension fund management
Unipol Gruppo Finanziario - Balance Sheet by Business Segment
| Non-Life Business | Life Business | Banking Business | Holdings/Other Businesses | Real Estate Business | Intersegment Elimination | Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30/6/2016 31/12/2015 30/6/2016 31/12/2015 | 30/6/2016 31/12/2015 | 30/6/2016 | 31/12/2015 | 30/6/2016 31/12/2015 | 30/6/2016 31/12/2015 | 30/6/2016 31/12/2015 | ||||||||||
| 1 | INTANGIBLE ASSETS | 1,479.8 1,492.6 | 545.9 | 563.0 | 8.2 | 7.8 | 7.7 | 8.9 | 0.2 | 0.3 | -1.1 | -1.5 | 2,040.7 | 2,071.0 | ||
| 2 | TANGIBLE ASSETS | 1,075.3 1,088.1 | 86.7 | 88.1 | 14.8 | 13.9 | 204.0 | 210.1 | 352.1 | 355.4 | 1.1 | 1.5 | 1,734.0 | 1,757.0 | ||
| 3 | TECHNICAL PROVISIONS - REINSURERS' SHARE |
834.7 | 804.5 | 85.1 | 92.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 919.8 | 897.4 | |
| 4 | INVESTMENTS | 16,208.5 16,951.5 53,899.6 51,294.9 10,840.1 10,998.2 | 491.2 | 672.8 | 476.8 | 496.5 | -945.6 -1,067.2 80,970.5 79,346.6 | |||||||||
| 4.1 | Investment property | 1,779.0 1,823.3 | 9.9 | 10.1 | 1.2 | 1.1 | 41.6 | 41.6 | 459.8 | 474.0 | 0.0 | 0.0 | 2,291.4 | 2,350.2 | ||
| 4.2 | Investments in subsidiaries, associates and joint ventures |
61.8 | 77.9 | 4.6 | 4.7 | 7.0 | 7.0 | 0.4 | 0.2 | 0.0 | 0.3 | 0.0 | 0.0 | 73.7 | 90.0 | |
| 4.3 | Held-to-maturity investments | 309.9 | 355.1 | 711.3 | 744.9 | 427.6 | 428.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,448.8 | 1,528.4 | |
| 4.4 | Loans and receivables | 2,131.1 2,153.2 | 3,089.3 | 3,303.5 | 9,511.9 | 9,914.5 | 88.6 | 238.5 | 0.0 | 0.0 | -939.1 -1,060.5 13,881.9 14,549.2 | |||||
| 4.5 | Available-for-sale financial assets | 11,786.3 12,399.6 40,427.8 37,473.1 | 892.1 | 647.2 | 360.7 | 380.4 | 17.0 | 22.3 | -6.6 | -6.7 53,477.4 50,915.8 | ||||||
| 4.6 | Financial assets at fair value through profit or loss |
140.3 | 142.4 | 9,656.7 | 9,758.5 | 0.2 | 0.1 | 0.0 | 12.0 | 0.0 | 0.0 | 0.0 | 0.0 | 9,797.2 | 9,913.1 | |
| 5 | SUNDRY RECEIVABLES | 2,162.4 2,424.0 | 627.2 | 692.0 | 97.3 | 92.1 | 244.7 | 223.2 | 28.2 | 28.6 | -215.5 | -245.3 | 2,944.2 | 3,214.6 | ||
| 6 | OTHER ASSETS | 960.6 | 757.6 | 132.0 | 132.1 | 424.0 | 411.6 | 527.2 | 515.4 | 29.5 | 25.4 | -231.6 | -229.9 | 1,841.7 | 1,612.2 | |
| 6.1 | Deferred acquisition costs | 37.8 | 36.8 | 51.9 | 50.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 89.8 | 86.9 | |
| 6.2 | Other assets | 922.7 | 720.7 | 80.1 | 82.1 | 424.0 | 411.6 | 527.2 | 515.4 | 29.5 | 25.4 | -231.6 | -229.9 | 1,751.9 | 1,525.3 | |
| 7 | CASH AND CASH EQUIVALENTS | 542.5 | 447.9 | 370.4 | 515.0 | 88.3 | 100.9 | 1,015.2 | 945.3 | 83.0 | 75.4 -1,304.9 -1,210.1 | 794.5 | 874.4 | |||
| TOTAL ASSETS | 23,263.9 23,966.1 55,746.9 53,378.1 11,472.6 11,624.5 | 2,490.0 | 2,575.6 | 969.7 | 981.6 -2,697.6 -2,752.5 91,245.5 89,773.3 | |||||||||||
| 1 | EQUITY | 8,006.1 | 8,444.5 | |||||||||||||
| 2 | PROVISIONS | 412.2 | 454.7 | 28.3 | 28.9 | 30.0 | 23.2 | 601.6 | 590.1 | 8.4 | 15.9 | -572.1 | -562.7 | 508.5 | 550.1 | |
| 3 | TECHNICAL PROVISIONS | 16,279.0 16,574.3 48,343.3 46,575.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 64,622.3 63,149.6 | ||||||
| 4 | FINANCIAL LIABILITIES | 1,565.4 1,542.6 | 3,740.1 | 3,341.0 10,110.4 10,459.4 | 1,888.2 | 1,906.6 | 203.4 | 203.3 -1,729.9 -1,881.5 15,777.6 15,571.4 | ||||||||
| 4.1 | Financial liabilities at fair value through profit or loss |
123.8 | 62.7 | 2,962.8 | 2,573.0 | 5.4 | 7.5 | 18.9 | 12.9 | 0.9 | 1.7 | 0.0 | 0.0 | 3,111.7 | 2,657.8 | |
| 4.2 | Other financial liabilities | 1,441.6 1,479.9 | 777.3 | 768.0 10,105.1 10,451.9 | 1,869.3 | 1,893.7 | 202.5 | 201.6 -1,729.9 -1,881.5 12,665.9 12,913.6 | ||||||||
| 5 | PAYABLES | 694.3 | 621.5 | 157.5 | 168.6 | 153.5 | 73.5 | 196.8 | 179.5 | 26.8 | 23.1 | -120.0 | -148.5 | 1,108.9 | 917.7 | |
| 6 | OTHER LIABILITIES | 648.2 | 638.5 | 387.8 | 299.6 | 431.3 | 330.1 | 18.0 | 19.6 | 12.4 | 12.0 | -275.6 | -159.9 | 1,222.1 | 1,139.9 | |
| TOTAL EQUITY AND LIABILITIES | 91,245.5 89,773.3 |