• Fitch assigned Banco BPM subsidiary Banco BPM Vita an initial BBB+ Insurer Financial Strength rating on November 12, 2026.
• The initial Long-Term Issuer Default Rating was BBB; both investment-grade ratings carry stable outlooks.
• Strong capitalization, robust profitability and competitive positioning supported the ratings; concentrated Italian government bond holdings remain a credit consideration.
• Anima Holding, majority-owned by Banco BPM Vita, strengthened its scale and diversified earnings through commission income.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco BPM S.p.A. published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.