UnipolSai Assicurazioni S.p.A.

US

IT0004827447

Property & Casualty Insurance

Real-time Borsa Italiana Other stock markets 03:34:11 2024-05-29 am EDT			5-day change	1st Jan Change
2.522 ^EUR	0.00%		-0.24%	+11.59%

May. 17	UnipolSai completes EUR750 million bond placement	AN
May. 17	Insurer UnipolSai Completes Placement of EUR750 Million Tier 2 Instrument	MT

UnipolSai to issue EUR750 million Tier 2 instrument

May 15, 2024 at 03:56 am EDT

(Alliance News) - UnipolSai Spa announced Wednesday that the board has authorized the issuance of a EUR750 million subordinated Tier 2 instrument.

The bond is reserved for Italian institutions and will be listed on the Luxembourg Stock Exchange. BNP Paribas, Goldman Sachs International, IMI Intesa Sanpaolo, JPMorgan and Mediobanca will be the joint lead managers of the issue.

In addition, the board of directors resolved to exercise the early redemption option -- already authorized by IVASS -- of the EUR750.0 million perpetual bond on the first date it can be exercised, which is June 18 of this year.

UnipolSai's stock is up 0.2 percent at EUR2.69 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about UnipolSai Assicurazioni S.p.A.

UnipolSai completes EUR750 million bond placement	May. 17	AN
Insurer UnipolSai Completes Placement of EUR750 Million Tier 2 Instrument	May. 17	MT
UnipolSai Issues EUR750 Million Tier 2 Bond	May. 15	MT
UnipolSai to issue EUR750 million Tier 2 instrument	May. 15	AN
Futures up slightly, focus is on results	May. 13	AN
Mib maglia rosa; accounts push DiaSorin up.	May. 10	AN
Milan top pink; accounts push DiaSorin	May. 10	AN
Transcript : Unipol Gruppo S.p.A., UnipolSai Assicurazioni S.p.A., Q1 2024 Earnings Call, May 10, 2024	May. 10
UnipolSai slightly increases quarterly profit; premium income rises	May. 10	AN
UnipolSai Assicurazioni S.p.A.(BIT:US) dropped from S&P Global BMI Index	May. 05	CI
UnipolSai Assicurazioni S.p.A.(BIT:US) dropped from FTSE All-World Index	May. 02	CI
Unipol Gruppo Files to Register UnipolSai Merger in Italy	Apr. 29	MT
Unipol Gruppo Receives Further Acceptances in UnipolSai Assicurazioni Offer	Apr. 29	MT
Unipol Gruppo S.p.A., Unipol Finance SRL, Unipolpart I S.P.A. and Unipol Investment SpA completed the acquisition of 9.7% in UnipolSai Assicurazioni S.p.A. (BIT:US) for approximately ?740 million.	Apr. 25	CI
Unipol and UnipolSai approve new EUR100 million buyback	Apr. 23	AN
UnipolSai CIO divests over 5,300 shares	Mar. 11	AN
Telecom at bottom of Mib; indexes down.	Mar. 11	AN
Milan black jersey at start; TIM drags on Mib.	Mar. 11	AN
Futures bearish; eyes on US inflation	Mar. 11	AN
Stock exchanges contrasted; TIM leads on Mib.	Mar. 08	AN
UnipolSai's Restricted Tier 1 Rating Gets Upgrade from Fitch	Mar. 08	MT
Fitch improves UnipolSai's restricted Tier 1 rating	Mar. 08	AN
UnipolSai's CPCO sold nearly 62,000 shares	Mar. 04	AN
Life director divests 15,875 shares in UnipolSai	Mar. 04	AN
Futures await European stock exchanges in the red	Feb. 19	AN

Chart UnipolSai Assicurazioni S.p.A.

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Company Profile

UnipolSai Assicurazioni SpA is an Italy-based multiline insurance company of Unipol Gruppo. The Company's activities are divided into three sectors: Insurance, Real estate and Other businesses. The Insurance division offers a range of insurance policies related to life and non-life segments, including motor vehicle third party liability (TPL). In addition, it is active in the bancassurance channel. The Real estate division manages a portfolio of real estate assets. The Other businesses division includes activities related to the hospitality, healthcare and agricultural industries. The Company operates through 5 divisions (Unipol, La Fondiaria, Sai, Nuova MAA and La Previdente) and owns over 2,800 insurance agencies in Italy. It is also present in Serbia through DDOR Novi Sad.

Sector

Property & Casualty Insurance

Calendar

2024-08-07 - Q2 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.522 EUR

Average target price

2.85 EUR

Spread / Average Target

+13.01%

Consensus

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Sector Other Property & Casualty Insurance

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Other Property & Casualty Insurance

UnipolSai Assicurazioni S.p.A.

Equities

US

IT0004827447

Property & Casualty Insurance

UnipolSai to issue EUR750 million Tier 2 instrument

Latest news about UnipolSai Assicurazioni S.p.A.

Chart UnipolSai Assicurazioni S.p.A.

Company Profile

Income Statement Evolution

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Property & Casualty Insurance