Italian financial group Unipol UNI reported on Friday a 5.2% year-on-year increase in net profit for 2024, exceeding the cumulative targets set in its 2022-2024 strategic plan.

Unipol’s consolidated net result for the year reached 1.12 billion euros ($1.17 billion), while its normalized cumulative net profit over the course of the plan totalled 2.96 billion euros, above its outlook of 2.3 billion euros.

The new 2025-2027 strategic plan is set to be presented to the markets on March 28.

($1 = 0.9565 euros)