{"id":485,"date":"2021-07-07T10:17:43","date_gmt":"2021-07-07T08:17:43","guid":{"rendered":"http:\/\/poste2020.message-asp.com\/?page_id=485"},"modified":"2021-07-07T10:17:46","modified_gmt":"2021-07-07T08:17:46","slug":"insurance-services","status":"publish","type":"page","link":"http:\/\/poste2020.message-asp.com\/en\/insurance-services\/","title":{"rendered":"Insurance Services"},"content":{"rendered":"\n
\n
\n
\"\"<\/figure>\n<\/div>\n\n\n\n
\n

The SBU\u2019s EBIT for the year was solid, even though down slightly compared with the previous year, reflecting a similar trend in revenue. The Solvency Ratio of 267% at the end of the year confirms the solvency of the insurance Group.<\/p>\n<\/div>\n<\/div>\n\n\n\n

2020 of the sector<\/h2>\n\n\n\n

RESULTS and KPIs<\/h2>
\n
INSURANCE SERVICES
(\u20acm)<\/strong><\/td>		2019<\/strong><\/td>2020<\/strong><\/td>
CHANGES<\/strong><\/strong><\/td><\/tr>
External revenue<\/td>1,669<\/td>1,643<\/td>(26)<\/td>-1.6%<\/td><\/tr>
Revenue from other sectors<\/td>1<\/td>1<\/td>1<\/td>n.s.<\/td><\/tr>
Total revenue<\/strong><\/td>1,670<\/strong><\/td>1,644<\/strong><\/td>(25)<\/strong><\/td>-1.5%<\/strong><\/td><\/tr>
Costs<\/td>165<\/td>133<\/td>(32)<\/td>-19.5%<\/td><\/tr>
Costs vs other sectors<\/td>499<\/td>523<\/td>+25<\/td>+4.9%<\/td><\/tr>
Total costs<\/strong><\/td>664<\/strong><\/td>656<\/strong><\/td>(8)<\/strong><\/td>-1.1%<\/strong><\/td><\/tr>
EBIT<\/strong><\/td>1,006<\/strong><\/td>988<\/strong><\/td>(18)<\/strong><\/td>-1.8%<\/strong><\/td><\/tr>
EBIT Margin %<\/strong><\/td>60.2%<\/strong><\/td>60.1%<\/strong><\/td><\/td><\/td><\/tr>
NET PROFIT<\/strong><\/td>737<\/strong><\/td>784<\/strong><\/td>+47<\/strong><\/td>+6.4%<\/strong><\/td><\/tr><\/tbody><\/table><\/div>\n\n\n\n

n.s.: not significant<\/p>\n\n\n\n

Main KPIs<\/strong><\/td>2019<\/strong><\/td>2020<\/strong><\/td>CHANGES<\/strong><\/td><\/tr>
Net technical provisions Poste Vita Group (\u20acbn)<\/td>140.2<\/td>153.7<\/td>13.5<\/td>9.6%<\/td><\/tr>
Solvency Ratio<\/td>276%<\/td>267%<\/td><\/td><\/td><\/tr>
Life business<\/strong><\/td>2019<\/strong><\/td>2020<\/strong><\/td>CHANGES<\/strong><\/td><\/tr>
Gross premium revenue – Life (\u20acm)*<\/td>17,732<\/td>16,661<\/td>(1,071)<\/td>-6.0%<\/td><\/tr>
of which: Classes I-IV-V<\/em><\/td>15,793<\/td>14,661<\/td>(1,132)<\/td>-7.2%<\/td><\/tr>
of which: Class III<\/em><\/td>1,939<\/td>2,000<\/td>61<\/td>3.1%<\/td><\/tr>
Incidence of Multi-class premiums on total<\/td>35%<\/td>34%<\/td><\/td><\/td><\/tr>
Unrealized capital gains\/(losses) (\u20acbn)<\/td>11.6<\/td>17.9<\/td>6.4<\/td>55.2%<\/td><\/tr>
Lapse Rate<\/td>2.8%<\/td>2.5%<\/td><\/td><\/td><\/tr>
P&C business<\/strong><\/td>2019<\/strong><\/td>2020<\/strong><\/td>CHANGES<\/strong><\/td><\/tr>
Gross premium revenue – P&C (\u20acm)*<\/td>240.2<\/td>239.6<\/td>(1)<\/td>-0.3%<\/td><\/tr>
Loss ratio**<\/td>32.7%<\/td>48.0%<\/td><\/td><\/td><\/tr>
Expenses ratio (ANIA)***<\/td>28.9%<\/td>28.0%<\/td><\/td><\/td><\/tr>
Combined ratio (ANIA)****<\/td>61.6%<\/td>76.0%<\/td><\/td><\/td><\/tr><\/tbody><\/table><\/div>\n\n\n\n

* Includes gross premium revenue before the premium reserve, outward reinsurance premiums and intra-group portions.
** Corresponds to the ratio of the expenses from claim liquidation and gross premiums.
*** Corresponds to the ratio of operating costs + commission and gross premium revenue.
**** Equal to the sum of the Loss and Expenses ratio.<\/p>\n\n\n\n

EXTERNAL REVENUE (\u20acm)<\/h2>\n\n\n\n
\"\"<\/figure>\n<\/div><\/div>\n\n\n\n

ROAD TO 2024<\/h2>
\n
\n
\n
<\/div>\n\n\n\n
\"\"<\/figure>\n<\/div>\n\n\n\n
\n

\u201c2024 Sustain & Innovate\u201d Strategy<\/h4>\n\n\n\n

Market-leading insurance company with comprehensive
and sustainable product portfolio<\/p>\n\n\n\n

<\/p>\n<\/div>\n\n\n\n

\n
<\/div>\n\n\n\n
  • Life products at the heart of the group\u2019s investment offering<\/li>
  • Profitable growth in the non-life market<\/li>
  • Full integration of ESG principles and reduction of under- insurance in Italy<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
    SEGMENT<\/strong><\/td>OPERATING REVIEW<\/strong><\/td>PILLAR<\/strong><\/td><\/tr>
    Insurance<\/strong>
    products<\/strong><\/td>    		\"\"<\/td>The Company\u2019s new product, Poste Nuovi Progetti Futuri, has been developed: a multi-class policy that provides access to the opportunities offered by financial markets through a gradual approach<\/td>\"\"<\/td><\/tr>
    Implemented the new product Poste Progetti Futuri Dinamica: the multi-class policy to seize the opportunities offered by the markets in a gradual way dedicated to Affluent customers<\/td>\"\"<\/td><\/tr>
    Extended to all subscribers of a health policy the per diem<\/em> and reimbursement of medical expenses for hospitalisation for Covid-19<\/td>\"\"<\/td><\/tr>
    Implemented the new Postefuturo Investimenti product, Poste Italiane\u2019s offer for investing savings online<\/td>\"\"<\/td><\/tr>
    Marketing of the Poste Guidare Sicuri offer, which completes the Group\u2019s P&C insurance offer with the launch of a \u201cMotor\u201d product<\/td>\"\"<\/td><\/tr><\/tbody><\/table><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

    The SBU\u2019s EBIT for the year was solid, even though down slightly compared with the previous year, reflecting a similar trend in revenue. The Solvency Ratio of 267% at the end of the year confirms the solvency of the insurance Group. 2020 of the sector<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/poste2020.message-asp.com\/en\/wp-json\/wp\/v2\/pages\/485"}],"collection":[{"href":"http:\/\/poste2020.message-asp.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/poste2020.message-asp.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/poste2020.message-asp.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/poste2020.message-asp.com\/en\/wp-json\/wp\/v2\/comments?post=485"}],"version-history":[{"count":0,"href":"http:\/\/poste2020.message-asp.com\/en\/wp-json\/wp\/v2\/pages\/485\/revisions"}],"wp:attachment":[{"href":"http:\/\/poste2020.message-asp.com\/en\/wp-json\/wp\/v2\/media?parent=485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}