Generali Group posts nine-month monetary outcomes
The Generali Group has in the nine months to 30.
The company attributes the “sharp increase” in operating income to the performance of its life, asset management, holding and other businesses and the “resilient contribution” of its property and casualty (P&C) segment despite the higher impact. of natural catastrophe losses.
The increase also contributed to a nine-month net result of € 2,250 million, an increase of 74% compared to € 1,297 million in the first nine months of 2020.
In addition, the insurer recorded an increase in gross written premiums of 6.4% to € 54.9 billion, borne by both the life insurance segment (6.5%) and the property and casualty insurance segment (6.2%).
“The results for the first nine months confirm the group’s excellent performance, technical profitability and solid trends in all business areas with one of the highest solvency ratios in the industry,” said Cristiano Borean, Chief Financial Officer of the Generali Group. “Net inflows in life insurance, which are exclusively focused on the unit-linked and insurance lines, continue to grow, while the property and casualty segment remains resilient despite the higher impact of natural catastrophe claims. Thanks to our multi-boutique strategy, the results of the Asset Management segment continue to grow. These results, which are fully in line with the successful completion of the ‘Generali 2021’ strategic plan, form a solid basis for the new three-year plan that we will present to the market on December 15th. “