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Italy's largest property & casualty insurer, also controlling stakes in BPER Banca and Popolare di Sondrio.
Italy's largest property & casualty insurer, also controlling stakes in BPER Banca and Popolare di Sondrio.
Collects premiums mainly from car insurance, sold through a large network of agents, and earns investment income on premiums held before claims are paid, so profit depends on claims experience and pricing as well as on investments. Italian cooperative groups have long been the controlling shareholders.
In one line: An Italian Progressive/Allstate with a bank stake.
Moat: narrow (scale, brand, distribution). Leading Italian motor insurer with wide agent network and bancassurance tie-ups.
Headquarters: Bologna, Italy · Founded: 1963 · Employees: 13,187
Size Unipol Assicurazioni (UNI.MI) is an Italy Financials company (Multi-Line Insurance) with a market value of $23.8B, the 13th largest of 123 Italy companies the cockpit tracks. Shares closed at €25.27 on 6 Nov 2026.
Performance Over six months the shares gained 13.2%, against +11.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 6.9% over the last twelve months (peer median +8.4%); the operating margin is 13.3% (peer median 16.8%).
Valuation It trades at 1.62× book value against a peer median of 1.75× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 14.9%; Unipol Assicurazioni delivers 16.9%, so the price asks less than the business earns today.
Credit Unipol Assicurazioni has 3 bonds outstanding ($2.78B), rated Baa1 by the agencies and trading like AAA at a weighted spread of 21 bp.
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €15.3B | €14.5B | €13.9B | €13.0B | €10.7B |
| Revenue growth | — | +5% | +6% | +22% | — |
| Net income | €1.76B | €1.48B | €1.07B | €1.10B | €525M |
| Free cash flow | €3.59B | €4.61B | €1.90B | €797M | €1.50B |
| Capital expenditure | €628M | €539M | €924M | €1.29B | €817M |
| Total debt | n/a | €3.42B | €3.97B | €3.98B | €4.02B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Unipol Assicurazioni UNI.MI | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% |
| Assicurazioni Generali G.MI | $73.8B | +12% | -8% | 15% | 2.06× | 16.5% |
| Allianz ALV.DE | $192B | +19% | +21% | 21% | 2.98× | 16.0% |
| Axa CS.PA | $103B | +13% | +11% | 19% | 2.24× | 17.8% |
| Poste Italiane PST.MI | $43.9B | +1% | +11% | 19% | 2.47× | 22.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UNI.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | +4.3% | 4th lowest of 21 |
| 6-month return | +13.2% | +11.7% | 11th highest of 21 |
| Return on equity | 16.9% | 14.5% | 9th highest of 21 |
| Price / book | 1.62× | 1.75× | 10th cheapest of 21 |
| Trailing P/E | 10.6× | 12.7× | 8th cheapest of 20 |
| ROE the price implies | 14.9% | 11.4% | 6th most demanding of 21 |
| ROE delivered | 16.9% | 14.5% | 9th highest of 21 |
| Bond spread | 21 bp | 81 bp | tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |
| Legal & General LGEN.L | United Kingdom | $21.9B | +24% | +137% | 26% | 7.73× | 70.7% | 26.2% |
| New China Life Insurance 601336.SS | China | $21.7B | -19% | +19% | 22% | 1.27× | 13.6% | 22.4% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| ASR Nederland ASRNL.AS | Netherlands | $17.3B | +14% | +6% | 13% | 1.74× | 8.3% | 13.1% |
| Powszechny Zaklad Ubezpieczen Spolka Akcyjna PZU.WA | Poland | $16.1B | +15% | +1% | 20% | 1.83× | 19.5% | 19.5% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Brookfield Wealth Solutions BNT.TO | Canada | $14.9B | -8% | -18% | 1% | 0.70× | 9.4% | 0.7% |
| Suncorp SUN.AX | Australia | $14.9B | +21% | -3% | 10% | 2.08× | 11.7% | 9.8% |
| Gjensidige Forsikring GJF.OL | Norway | $14.7B | +9% | +7% | 30% | 5.73× | 19.1% | 29.9% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| Mapfre MAP.MC | Spain | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% | 12.4% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| China Pacific Insurance (Group) 2601.HK | Hong Kong | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% | 14.4% |
Unipol Assicurazioni has 3 bonds outstanding with $2.78B face value. The agencies rate it Baa1; its bonds trade like AAA. Weighted yield 3.67%, a spread of 21 bp over government bonds.