Unipol (BIT:UNI) Valuation in Focus After Strong 2025 Earnings and BPR Banca Gain

Unipol Assicurazioni (BIT:UNI) reported a net income of €1.12 billion for the first nine months of 2025. This result reflects a sizable one-off gain from the BPR Banca deal, as well as stable growth across key business lines.

See our latest analysis for Unipol Assicurazioni.

Unipol Assicurazioni’s recent results add to an impressive run, with a total shareholder return of 80.7% over the past year and more than 600% over five years. Shares have steadily gained momentum, supported by strong fundamentals and market confidence following the BPR Banca deal as well as ongoing digital transformation efforts that underpin its resilience and growth appeal.

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With shares approaching analysts’ price targets after such an exceptional run, the key question is whether Unipol Assicurazioni remains undervalued or if investors are already factoring in the company’s future growth prospects.

Most Popular Narrative: 3.8% Undervalued

Unipol Assicurazioni’s fair value, as determined by the most widely followed narrative, stands at €20.35, just above the recent close of €19.57. This indicates that analysts see current pricing as offering a slight discount, but only for those who believe in the narrative’s bold growth and profitability assumptions.

Expansion of bancassurance distribution partnerships (notably via the BPER-Banca Popolare di Sondrio merger) creates new embedded sales opportunities, broadening Unipol's reach and improving cross-selling, likely lifting recurring revenues and improving cost/income ratios.

Read the complete narrative.

Curious how Unipol might unlock value beyond traditional insurance? The foundation of this narrative is aggressive revenue expansion and game-changing business pivots. Want to uncover which analyst predictions shape this target? Don’t miss the full story to see the financial engine fueling these projections.

Result: Fair Value of €20.35 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, a decline in investment income or renewed competitive pressure in Italy’s motor insurance market could quickly challenge these optimistic assumptions.

Find out about the key risks to this Unipol Assicurazioni narrative.

Build Your Own Unipol Assicurazioni Narrative

If you want to dive deeper or see things from another angle, you can shape your own outlook using the data in just a few minutes. So why not Do it your way.

A great starting point for your Unipol Assicurazioni research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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