Financials
SACE
-
22 November 2011
Net profit at 30 September 2011: € 117,3 million
Today the Board of Directors of SACE examined the quarterly report and accounts at 30 September 2011. Notwithstanding the difficult economic context and the high volatility of the third quarter 2011, the results are in line with the 2011-2013 Industrial Plan.
The highlights of the results at 30 September 2011 are set out below:
- gross written premiums € 241.7 million (-37,5% compared to € 386.7 million posted for the same period in 2010)
- charges for claims net of recoveries € 50.2 million (-67,7% compared to € 155,5 million at 30 September 2010)
- result on the technical account € 247,4 million (-31,33% compared to € 360,35 million at 30 September 2010)
- net profit € 117,3 million (- 34% compared to € 255,3 million at 30 September 2010)
The decrease in net profit is due to the shortfall in the contribution of the technical account and to the negative performance of the financial activities, reflecting the market instability in the third quarter 2011.
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Miscellaneous
SACE -
08 April 2026
SACE, the Italian Export Credit Agency, owned by the Ministry of Economy and Finance, has finalized an export credit operation supporting a commercial contract worth a total of €100 million for the supply of Italian tractors, plows, seeders, and other agricultural machinery to the African Country.
Agreements
SACE -
14 January 2026
On the sidelines of the visit of Giorgia Meloni, President of the Council of Ministers of Italy, to the Sultanate of Oman, Italy’s Export Credit Agency, SACE, and Khazanah Modern Oman, an Omani corporation responsible for investments in high potential sectors for Italian companies including infrastructure, manufacturing, food & beverage, renewable energy and hospitality, have finalized a Memorandum of Understanding aimed at strengthening trade relations between Italy and the Sultanate.
Agreements
SACE -
25 November 2025
SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, has signed a reinsurance agreement with the Saudi Export-Import Bank (Saudi EXIM), further consolidating the long-standing cooperation between the two institutions.