Generali achieved record results and exceeded the goals of the "Lifetime Partner 24: Driving Growth" plan

The invoiced gross premium increased significantly to EUR 95.2 billion (+14.9%), with strong growth in the life insurance segment (+19.2%) and non-life insurance (+7.7%)

• Net inflows in the life insurance segment reached EUR 9.7 billion, entirely driven by the growth of risk and unite-linked products. The value of new business increased to EUR 2.4 billion (+2.3%)
• Combined ratio (CoR) remained stable at 94.0% (0 p.p.)
• The operating result reached a record EUR 7.3 billion (+8.2%), with the contribution of all business segments and strong growth in the area of ​​asset management.
• Adjusted net result increased to EUR 3.8 billion (+5.4%), which is the highest level recorded in the Group
• Total assets under management reached EUR 863 billion (+31.6%) thanks to positive net inflows and the consolidation of Conning Holdings Limited
• Solid capital position with a solvency ratio of 210% (220% in 2023), with M&A transactions and a €500 million share buyback program in 2024 having an impact on this metric
• The proposed dividend per share increased by 11.7%, confirming a strong focus on increasing returns by shareholders within the "Lifetime Partner 27: Driving Excellence" plan

The Group's CEO, Philippe Donnet said: "Generali achieved exceptional results in 2024, exceeding all financial targets and successfully concluding the strategic plan "Lifetime Partner 24: Driving Growth". These results further reflect our ability to, thanks to the management activities we have implemented and with the successful integration of all the businesses we have acquired, ensure consistent organic growth in each segment. Today the Group is in the strongest position in its history, as evidenced by our record operating and net results, all achieved thanks to commitment of our employees and our distribution network. We continue to transform and diversify the Generali Group as a leading global insurer and asset management company, and we are now focused on accelerating excellence. Our ambitious new plan "Lifetime Partner 27: Driving Excellence" will bring about improved profitability, successful cash generation and increased payout to shareholders. This growth is further fueled by our advanced AI and data capabilities, which enable us to continuously identify opportunities arising from changing customer needs and market trends."

Generali Osiguranje Srbija a.d.o. Beograd

Generali Group

Generali

Philippe Donnet

Generali Group consolidated results

Lifetime Partner 24 Driving Growth plan