Generali 9M Financial Results 2023

Generali achieves continued growth in operating and net result. Confirmed solid capital position

  • Gross written premiums increased to € 60.5 billion (+4.7%), driven by strong P&C growth (+11.4%). Life net inflows were entirely focused on unit-linked and protection, consistent with the Group’s strategy
  • Continued growth in operating result to € 5.1 billion (+16.7%), led by P&C segment, offsetting impact from natural catastrophes. The Combined Ratio improved to 94.3% (-3.1p.p.). Solid Life segment performance and excellent New Business Margin at 5.74% (+0.04 p.p.)
  • Ongoing growth in adjusted net result2 rising to € 2,979 million (+29.6%)
  • Solid capital position confirmed, with Solvency Ratio at 224% (221% FY2022)

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