2003 Social Report - PDF file - Unipol

SECTION I – IDENTITY
20
in the insurance sector: signifi cant growth in premium income was accom-
panied by a further reduction in claims and management costs and continu-
ing technological and organizational integration within the Group.
In 2002 the Group achieved a premium income of over €6bn (up 22.7% com-
pared with 2001), of which €3.7bn in Life business line (up 33.7% compared
with 2001) and €2.3bn in Non-life business line (up 8.2% compared with
2001). Market share (6.4% in 2001) increased. At the end of 2002, the Group
was the fourth largest insurer in Italy, with a market share of 6.8%.
in the banking and merchant banking sectors: this is a further develop-
ment for Unipol with the opening of new branches and the acquisition of 60
branches from the Capitalia Group. In addition, the Company has started its
merchant banking activities.
The expansion of the Bank retail operations was refl ected in increased
turnover, with deposits at €2.2bn, double the fi gure for 2001 (€1.1bn). The
strengthening of Unipol Banca is a signifi cant event in the overall strategy
of the Group, both because it creates value within the specifi c sector and
because it generates interesting cross-over between insurance and banking
activities.
MARKET SHARES IN ITALY
Italian direct business
Rank 2002
2002 Premiums in €/mln Totale N.L. + L. Market share
1 Generali Group 16,461 18.8%
2 Allianz Ras Group * 12,721 14.5%
3 Fondiaria-Sai 8,520 9.7%
4 Unipol Group 6,006 6.8%
5 Toro Group 4,410 5.0%
TOTAL FIRST 5 INS. GROUPS 48,119 54.9%
6 Cattolica Group 3,923 4.5%
7 Reale Mutua Group 2,167 2.5%
8 Winterthur Group 2,041 2.3%
9 Zurigo Group 1,782 2.0%
10 Axa Group 1,634 1.9%
TOTAL FIRST 10 INS. GROUPS 59,667 68.0%
Total Market 87,715 100.0%
(*) The Allianz Ras Group also includes Lloyd Adriatico
Source: ANIA - 2002 proforma fi gures
[ Unipol Assicurazioni | Social Report 2003 – Edition Summary ]