UnipolSai 2013 net profit at 694 mln euros on proforma basis

MILAN, March 20 Thu Mar 20, 2014 1:50pm EDT

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MILAN, March 20 (Reuters) - Italian insurer UnipolSai said on Thursday its net profit in 2013 on a proforma basis, to take account of a merger with a peer, was 694 million euros ($956.57 million).

Italy's No. 2 insurer, created from the merger of Unipol and the Fondiaria SAI group, said it would pay a dividend on 2013 results of 0.19559 euros per ordinary share.

The Bologna-based insurer said its Solvency I ratio was 1.5 times regulatory requirements.

It said it expected to post a positive operating result in 2014. ($1 = 0.7255 Euros) (Reporting by Stephen Jewkes; editing by Agnieszka Flak)