Generali continues to deliver strong growth, supported by all segments – Solid capital position confirmed

• Continued positive Life net inflows at € 4.3 billion, thanks to all business lines. New Business Value grew substantially to € 977 million (+19.1%)

• Combined Ratio at 90.5% (+0.8 p.p.) and undiscounted Combined Ratio at 93.1% (+1.1 p.p.) both impacted by Nat Cat events

• Asset & Wealth Management increased strongly (+15.5%) thanks to both Asset Management and Banca Generali

• Operating result grew significantly to € 2.2 billion (+8.1%), with positive contribution from all segments

• Adjusted net result increased to € 1.3 billion (+5.2% or +9.3% excluding a one-off tax component). Adjusted EPS rose to € 0.84 (+6.0% or +10.2% excluding the same one-off tax component)

• Solid capital position with Solvency Ratio at 212% (219% FY2025)

– The Group’s first quarter 2026 results confirm the successful execution of our ‘Lifetime Partner 27: Driving Excellence’ strategic plan, with strong growth in the operating result supported by all segments, reflected as well in the adjusted net result. Life recorded a very strong business performance, thanks to the positive contribution from all business lines. In P&C, despite a higher impact from Nat Cat events, underlying technical profitability continued to improve. Asset & Wealth Management operating result benefitted from the strong performance of Generali Investments Holding and Banca Generali. Building on our strong balance sheet and high-quality diversified sources of cash generation, as well as a solid capital position, we remain fully focused on creating sustainable value for all our stakeholders – said Generali Group CFO, Cristiano Borean.

Generali Osiguranje Srbija a.d.o. Beograd

Generali Group

Generali Investments Holding

Banca Generali

Cristiano Borean