2003 Social Report - PDF file - Unipol

SECTION IV – GROUP COMPANIES
MEIEAURORA
Free-phone number: 800-888777
Website: www.meieaurora.it
Identity
During 2002 the process of reorgan-
izing the company, begun in 2001,
was completed following the acquisi-
tion by Unipol Assicurazioni S.p.A. of
Meie Assicurazioni S.p.A. and Aurora
Assicurazioni S.p.A. In July 2002, Ag-
ricoltura Assicurazioni s.m. and Meie
Assistenza S.p.A. were acquired by
Meieaurora S.p.A.
Financial Results
During 2002 management continued
to be given a more rational basis, pool-
ing resources and services with Unipol
in order to reduce costs. The financial
year closed with a net profit of €30.2m
(€11.0m in 2001). Premium income from
employees raised by Meieaurora S.p.A.
amounted to €1,092.5m (+5.5%), with
slight growth in Non-life (+1.8%) and
considerable growth in Life (+17.2%).
FINANCIAL HIGHLIGHTS
2001 2002
Customers insured 1,200,000 1,200,000
Premium income 1,035 1,092.5
Net profit 11.02 30.20
Investments 2,466.1 2,682
Technical provisions 2,340.6 2,566
Figures in € million
60
Social Report
Meieaurora counts on 1,200,000 cus-
tomers in the portfolio, to whom the
company provides high quality insur-
ance and financial services through a
network of 500 agencies throughout the
country. Meieaurora is present in the
following market segments:
Families
Special Agreements
SMEs
Niche markets (highly specific).
CUSTOMER DATA
2001 2002
Agencies 569 540
Agents 792 766
Premiums by agency 1.82 2.02
Figures in € million
The company has 861 employees (863
in 2001), of which 523 men and 338
women.
Added value
The added value of Meieaurora as
at 31/12/2002 was €264,024,000
(€232,572,000 in 2001), distributed as
follows:
DISTRIBUTION OF ADDED VALUE
2002 %
Staff 48,106 18.2
Agents 127,600 48.3
Providers of services 35,936 13.6
State bodies 22,157 8.4
Shareholders 26,709 10.1
Company assets 3,445 1.3
Local communities 71 0.1
Added value 264,024 100
Figures in € ‘000
[ Unipol Assicurazioni | Social Report 2003 – Edition Summary ]