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Investing.com -- Shares in Italy’s Unipol (BIT:UNPI) slipped more than 2% on Friday after the financial group reported largely in-line results for the first half of the year.
The group posted a 12% increase in first-half net profit on Friday, reaching €622 million ($725 million) on a reported basis, which was roughly in line with the €617 million expected by analysts.
Unipol, which is the main shareholder and insurance partner of BPER and Popolare di Sondrio, supported BPER’s recent €5.44 billion acquisition of Popolare di Sondrio. The merger, expected to be completed by the first half of 2026, will create a banking group with €410 billion in financial assets and about 6 million customers.
Including contributions from the two banks, Unipol’s consolidated net profit rose more than 17% year-on-year to €743 million in the first six months of 2025.
The company’s Insurance profit before tax (PBT) came in at €748 million, above the €728 million consensus, driven by the Life and Other segments, partially offset by a small shortfall in the Property & Casualty division.
Guidance for the year remains unchanged.
"Unipol delivered a mostly in line set of results," UBS analysts said, adding that they expect "a neutral reaction driven by an in line set of results and strong performance
into the print."