Generali: Strong increase in operating result to € 4.4 billion (+ 10%) in the nine months

Generali announced a strong increase in the operating result to € 4.4 billion (+ 10%) in the first nine months of 2021, thanks to the positive performance of the Life, Asset Management and other business sectors. Durable contribution from the General sector, despite the increased compensation due to natural disasters, the relevant announcement adds.

Meanwhile, gross written premiums increased to € 54.9 billion (+ 6.4%), supported by both the Life sector (+ 6.5%) and the General sector (+ 6.2%) . Net Life inputs increased to € 9.5 billion (+ 3%), focusing entirely on unit linked products and protection products. The Net Combined Ratio stood at 91.3% (+ 1.6 am) and the New Business Margin is characterized as excellent at 4.76% (+0.66 am).

At the same time, the net result increased by 74% and amounted to € 2,250 million (€ 1,297 million in the corresponding period of 2020).

Finally, the Solvency Ratio was particularly stable at 233% (224% in fiscal year 2020).

Cristiano Borean, CFO of the Generali Group commented: “The results of the first nine months confirm the outstanding performance, technical profitability and solid foundations of the Group in all sectors, recording one of the highest solvency ratios in the industry. Net Life Inputs , which focus entirely on unit linked products and protection products, continue to grow, while the General industry sector remains resilient despite the higher impact of natural disasters. These results, which are fully in line with the successful completion of the strategic plan “Generali 2021″, are a solid basis for the new three-year plan, which we will present to the market on December 15. ”