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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Società Cattolica di Assicurazione - Società Cooperativa    CASS   IT0000784154

SOCIETÀ CATTOLICA DI ASSICURAZIONE - SOCIETÀ COOPERATIVA

(CASS)
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Società Cattolica di Assicurazione Società Cooperativa : 1H2020 Results Presentation

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09/11/2020 | 04:45am EDT

Results at June 30th, 2020

Cattolica Assicurazioni Group

Verona, September 11th, 2020

Key consolidated figures

Results at June 30th, 2020

(€ mln)

IAS/IFRS Results

1H2019

1H2020

Δ%

Total Direct Premiums

3,261

2,824

-13.4%

Non-Life Direct Premiums

1,090

1,048

-3.8%

Life Direct Premiums1

2,171

1,776

-18.2%

Combined ratio2

93.4%

87.1%

-6.3 pps

Cons. Shareholders' Equity

2,3513

2,322

-1.2%

Solvency II Ratio

175%3

141%

-24 pps

Operating Result

156

217

+38.6%

Consolidated Result

76

28

-62.5%

Group's Result

61

10

-83.1%

Adjusted Result

69

80

+16.0%

Operating Return On Equity

8.6%

11.5%

+2.9 pps

(1)

Including investment contracts.

2

(2)

Retained business.

(3)

As at 31 December 2019.

Contents

The Cattolica Group and the 2020 Covid-19 Crisis

Results at June 30th, 2020

Non-Life Business Performance

Life Business Performance

Investments

3

The Cattolica Group and the 2020 Covid-19 Crisis (1/3)

Following the spread of COVID-19 in Italy, a large number of assessments have been carried out to identify the risks and implement measures to counter or reduce the negative effects of the pandemic, protect and safeguard staff, customers and stakeholders in general, and guarantee business continuity.

Protecting the workforce. The entire company population has been kept safe by the introduction of 100% smartworking since 24 February. Offices were closed until the beginning of September and staff were continuing to work from home. A staggered return to work with job rotation has

now started. Ensuring the continuity of internal processes. A communication plan has also been

activated internally and externally in order to guarantee a clear, up-to-date and continuous flow of information, to reassure stakeholders and provide widespread information about the initiatives undertaken.

Businesscontinuity. A new "Pay by Link" remote payment system has been introduced to

facilitate the relationship between customers and agents. All professionals have been given the

instructions they need to proceed with settlements remotely to ensure that work, including

appraisals, continues after lockdown. All the necessary safeguards and tools have been

deployed to ensure continuity of the business agenda, including meetings with boards and the Corporate Agent Group, and to provide agency training via digital learning sessions.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Società Cattolica di Assicurazione Soc. Coop. published this content on 11 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 07:44:07 UTC


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Financials
Sales 2020 6 227 M 7 269 M 7 269 M
Net income 2020 87,5 M 102 M 102 M
Net Debt 2020 1 666 M 1 945 M 1 945 M
P/E ratio 2020 10,8x
Yield 2020 1,75%
Capitalization 919 M 1 072 M 1 073 M
EV / Sales 2020 0,42x
Capi. / Sales 2021 0,13x
Nbr of Employees -
Free-Float 85,7%
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Technical analysis trends SOCIETÀ CATTOLICA DI ASSICURAZIONE - SOCIETÀ COOPERATIVA
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 5,29 €
Last Close Price 4,16 €
Spread / Highest target 34,6%
Spread / Average Target 27,2%
Spread / Lowest Target 17,8%
EPS Revisions
Managers
NameTitle
Carlo Ferraresi Chief Executive Officer & General Manager
Paolo Bedoni Chairman
Valter Trevisani CEO-Technical Department & Operations
Atanasio Pantarrotas Chief Financial Officer
Barbara Blasevich Deputy Chairman