Generali Group

          where we are

                                   

          Our activities

          INSURANCE: GROUP'S HIGHLIGHTS AT DECEMBER 31, 2019

          Our activities

          Total gross written premium by country (*)

          Our activities

          Life

          Our activities

          Good performance: both net inflows and gross written premiums increased.
          Operating result grew.

          LIFE NET INFLOWS

          ?+19.6%

          € 13,632 mln

           

          NEW BUSINESS VALUE (NBV)

          -2.2%

          € 1,777 mln

          OPERATING RESULT

          +2.0%

          € 3,129 mln

          Gross written premiums € 48,260 mln (+4.5%)


          Property and Casualty (P&C)

          Our activities

          Premiums increased in both lines of business.
          Operating result grew; CoR confirmed at excellent level.

          GROSS WRITTEN PREMIUMS

          ?+3.9%

          € 21,526 mln

           

          COMBINED RATIO (COR)

          ?-0.4 pps

          92.6%

           

          OPERATING RESULT

          +3.3%

          € 2,057 mln

           



          INVESTMENTS, ASSET & WEALTH MANAGEMENT

          The business unit unifies in a single entity the Group’s units operating in investments, asset management and wealth management.

          TOTAL OPERATING RESULT

          € 687 mln

          (+30.4%)

          COST/INCOME RATIO

          48%

          (+3 pps)

          (Figures at December 31, 2019)

          In a continuously evolving market in which specialisation, efficiency and innovation are crucial elements in order to compete, Generali aims at becoming a company of reference in the asset management market not only for the insurance companies of the Generali Group, but also for third-party clients.

          This objective will continue to be followed for the entire duration of the three-year plan in order to:

          • exploit the cross-selling opportunities - by promoting the growth of a capital-light business such as the LDI (Liability Driven Investments) Solutions services - that set out to offer institutional clients the expertise developed in investment management;
          • expand the multi-boutique platform in order to increase the offer of products and services for all clients. The multi-boutiques are companies acquired on the market or created in partnership with operators having acknowledged investment skills in highly specialised asset classes.
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