Generali 9M Financial Results 2021

Generali confirms that it is fully on track to successfully complete the ‘Generali 2021’ strategic plan. Excellent profitability, with strong growth in premiums, operating and net results. Extremely solid capital position.

  • Strong increase in the operating result to € 4.4 billion (+10%), thanks to the positive performance of the Life, Asset Management and Holding and other businesses segments. Resilient contribution from the P&C segment, despite the higher impact of natural catastrophe claims
  • Gross written premiums increased to € 54.9 billion (+6.4%), supported by both the Life segment(+6.5%) and the P&C segment(+6.2%). Life net inflows grew to € 9.5 billion (+3%), entirely focused on the unit-linked and protection lines. The Combined Ratio was 91.3% (+1.6 p.p.) and the New Business Margin was excellent at 4.76% (+0.66 p.p.)
  • Net result rose by 74% to reach € 2,250 million (€ 1,297 million 9M2020)
  • Solvency Ratio was extremely solid at 233% (224% FY2020)

Read the full press HERE