Unipol posts 18% rise in first-quarter net profit

(Reuters) -Italian financial group Unipol posted a 17.8% rise in its first-quarter net profit, which came in at 285 million euros ($319 million).

Italy’s second biggest insurer said its quarterly direct insurance income grew 19% to 5.0 billion euros.

($1 = 0.8946 euros)

(Reporting by Alberto Chiumento; Editing by Kevin Liffey)