Generali Half Year 2021 Results

GENERALI CONFIRMS THE GROUP’S EXCELLENT PROFITABILITY, WITH STRONG GROWTH IN PREMIUMS, OPERATING AND NET RESULTS. EXTREMELY SOLID CAPITAL POSITION

  • Operating result rose to € 3 billion (+10.4%), thanks to the positive performance of the Life, Asset Management and Holding and other businesses segments. The excellent contribution from the P&C segment was confirmed
  • Gross written premiums increased to € 38 billion (+5.5%), up in both the Life segment (+5.8%) and the P&C segment (+4.9%). Strong Life net inflows at € 6.3 billion (-8.6%)2. The New Business Margin was excellent, and at 4.67%, among the best in the sector (3.94% 1H20). The Combined Ratio was substantially stable at 89.7% (+0.2 p.p.)
  • Strong growth in the net result which rose to € 1,540 million (€ 774 million 1H20)3
  • Solvency Ratio was extremely solid at 231% (224% FY2020)
  • The Group is fully on track to meet its targets for the year and successfully complete the ‘Generali 2021’ strategic plan.

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