November 2022
Generali results maintain growth momentum. Extremely solid capital position
• Gross written premiums increased to € 59.8 billion (+1.3%), driven by growth in P&C (+10.3%), led by the non-motor line. Life premiums contracted (-2.9%). Life net inflows were € 7.7 billion, driven by the unit-linked and protection lines, consistent with the strategy to reposition the Life business portfolio
• Operating result continued to rise to € 4.8 billion (+7.8%), thanks to the positive performance of the Life and P&C segments. The Combined Ratio was 93.3% (+2 p.p.). New Business Margin was excellent and reached 5.42% (+0.68 p.p.)
• Net result was stable at € 2,233 million (-0.8%). Excluding impacts from Russian investments, the net result would have grown to € 2,374 million (+5.5%) • Extremely solid capital position with the Solvency Ratio at 223% (227% FY2021)
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