August 2022
Generali reports continued growth in the operating result. The net result was stable, excluding Russian impairments. Capital position remained extremely solid
- Gross written premiums increased to € 41.9 billion (+2.4%), driven by strong growth in P&C (+8.5%), led by the non-motor line. Life premiums were stable (-0.5%). Life net inflows were resilient at € 6.2 billion, supported by growth in the protection and unit-linked lines, offsetting a reduction in the savings line, consistent with the repositioning of the Life business portfolio
- Operating results continued to rise, standing at € 3.1 billion (+4.8%), thanks to the positive performance of the Life, P&C and Holding and other business segments. The Combined Ratio was 92.5% (+2.8 p.p.). Excellent New Business Margin reached 5.23% (+0.59 p.p.)
- Net result was € 1,402 million (€ 1,540 million 1H2021). Excluding impairments on Russian investments, the net result would have been € 1,541 million
- Extremely solid capital position with the Solvency Ratio at 233% (227% FY2021), after accounting for the € 500 million share buyback.
Read the full Press Release HERE
