UnipolSai first-quarter net profit down 7% due to virus emergency

MILANO (Reuters) - Italy's second largest insurer UnipolSai on Friday posted a 7% drop in first-quarter net profit as revenues fell after the outbreak of the coronavirus emergency impacted the number of policies sold. Consolidated net profit for the three months to end-March came in at 171 million euros ($184.75 million) from 184 million euros a year earlier. Insurance premiums fell 6.1% to 3.1 billion euros, dragged down by a 13.2% drop in life business revenues and despite a decline in motor..