Press release – Turin, 29 April 2017
The Group shows a consolidated profit for the year of Euro 131 million and premiums of over Euro 3.8 billion. The solvency ratio of 241% confirms the company as one of the strongest in the market.
Turin, 29 April 2017 – Società Reale Mutua di Assicurazioni’s delegates, representing over 1,400,000 Members/Policyholders, met today to approve the separate financial statements and to examine the Group’s consolidated financial statements as at and for the year ended 31 December 2016.
With respect to the Group’s profitability, the 2016 consolidated financial statements, prepared in accordance with the International Financial Reporting Standards (IFRS), show a profit of Euro 131 million, well above the preliminary forecasts (Euro 92.1 million), unveiled to the Delegates’ meeting held last December. Specifically, the increase is due to the positive technical performance of the group companies’ Non-life business in Italy and Spain and the better results achieved by Reale Immobili and other investees.
