Unipol
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Native name
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Unipol Gruppo Finanziario S.p.A. |
|---|---|
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Formerly called
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Unipol Assicurazioni |
| listed Società per azioni | |
| Traded as | BIT: UNI |
| Industry | Financial services |
| Founded | 1963 |
| Headquarters | 45 via Stalingrado, Bologna, Italy |
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Key people
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| Services | Insurance, retail and corporate banking |
| Revenue |
 €22.254 billion (2014) |
| Profit |
€192.3 million (2014) |
| Total assets |
€88.627 billion (2014) |
| Total equity |
€5.691 billion (2014) |
| Owner |
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Number of employees
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 14,223 (2014) |
| Parent | Finsoe S.p.A. |
| Subsidiaries |
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| Capital ratio | 18.5% (Tier 1) |
| Website | www.unipolgf.it |
Unipol Gruppo Finanziario is an Italian financial services holding company operating in the insurance and banking fields with headquarters in the Unipol Tower, Bologna. As of 2009 it was ranked as the country's fourth-largest insurer.
The company trades under a number of brands, for insurance it uses the brands UnipolSai Assicurazioni, Linear Assicurazioni, Linear Life, UniSalute and Arca Vita; and for banking Unipol Banca.
Unipol Assicurazioni was founded in 1962 in Bologna as a cooperative provider of non-life insurance.
In 1995 the company entered a partnership arrangement with the banking group Casse Emiliano Romagnole, whereby Unipol sold its products through the bank's networks. The partnership also involved complex deals in ownership. As at 31 December 1995, Unipol owned 3.64% shares of CAER; CAER in turn owned 9.80% shares of Unipol's parent company Finsoe. CAER also owned Banca dell'Economia Cooperativa through 6.99% shares owned by CAER directly, as well as an additional 13% shares of the bank owned by CAER's subsidiary Cassa di Risparmio in Bologna (Carisbo). Through Carisbo's subsidiary, FINCAER, the bank group also purchased a minority ownership from Unipol in UniSalute (9.9%) and in Noricum Assicurazioni (34%), In 1996 FINCAER had a minority ownership in Linear Assicurazioni (20%), as well as the ownership in Noricum which increased to 44%.
Since 1998 Unipol started to build their own bank networks, to sell their own products, which gave birth to Unipol Banca. In the same year Unipol founded a 50-50 joint venture company Quadrifoglio Vita with Banca Agricola Mantovana. In December 2000 Unipol purchased 51% shares of BNL Vita, a joint venture with Banca Nazionale del Lavoro from Assicurazioni Generali.
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Wikipedia