August 2023
GENERALI GROUP CONSOLIDATED RESULTS AS OF 30 JUNE 2023 1
Generali achieves excellent growth in operating results and earnings. Extremely solid capital position
- Gross written premiums increased to € 42.2 billion (+3.6%), driven by significant P&C growth (+10.6%). Life net inflows were entirely focused on unit-linked and protection, consistent with the Group’s strategy
- Operating results exceeded € 3.7 billion (+28.0%), led by the strong contribution from the P&C segment, while the Life segment was solid. The Combined Ratio improved to 91.6% (-5.4 p.p.). The New Business Margin was excellent at 5.81% (+0.31 p.p.)
- Strong growth in adjusted net result2 at € 2,330 million (+60.9%)
- Extremely solid capital position, with the Solvency Ratio at 228% (221% FY2022) also thanks to the strong contribution from normalised capital generation
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