GENERALI GROUP CONSOLIDATED RESULTS AT 30 JUNE 2019 (1)- EXCELLENT OPERATING RESULT AT € 2.7 BILLION (+7.6%) AND STRONG GROWTH IN NET PROFIT TO € 1.8 BILLION (+34.6%). THE SOLID CAPITAL POSITION IS CONFIRMED

Sunday, 4 August 2019

GENERALI GROUP CONSOLIDATED RESULTS AT 30 JUNE 2019 (1)- EXCELLENT OPERATING RESULT AT € 2.7 BILLION (+7.6%) AND STRONG GROWTH IN NET PROFIT TO € 1.8 BILLION (+34.6%). THE SOLID CAPITAL POSITION IS CONFIRMED




The operating result increased thanks to positive developments in all business segments 
The Group net profit stood at € 1.8 billion (+34.6%), also including the result of discontinued operations. Adjusted net profit2 rose to € 1.3 billion (+6.4%)
Life net inflows grew to € 7.4 billion (+29.5%) and technical reserves reached € 358 billion (+4.3%). Gross written premiums stood at € 35.7 billion (+1.8%), due to the positive performance of both Life and P&C segments 
The technical excellence of the Group is confirmed with the combined ratio at 91.8% (-0.2 pps) and the New Business Margin at 4.40% (-0.18 pps) 
Asset Management net profit stood at € 133 million (+22%), with third-party AuM in this segment rising sharply to € 102 billion 
 The Preliminary Regulatory Solvency Ratio remains solid at 209% (217% FY 2018; -8 pps) 
 Generali Group CEO Philippe Donnet declared: “These results show the Group’s capacity to generate sustainable financial and industrial value for all of its stakeholders. The first half of the year confirms the effective and disciplined implementation of the three-year strategic plan ‘Generali 2021’ in all business segments. Generali today is an increasingly global insurance and asset management group, with technical excellence in the Life and P&C segments and distinctive expertise in asset management, allowing us to successfully overcome the competitive challenges of the sector to become lifetime partner to our customers.”

https://www.generali.com/

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