2023-11-17 08:32:03
The insurer Generali reports an adjusted net profit up 29.6% to 2.98 billion euros for the first nine months of 2023, as well as an operating profit up 16.7%. at 5.1 billion.
The Italian group explains this improvement in operating income by the dynamism of its property and casualty segment (P&C), whose contribution increased by 50% despite the impact of natural disasters, while its life segment saw its contribution decline by 1%. .
Its gross written premiums increased by 4.7% to €60.5 billion, driven by vigorous P&C growth (+11.4%), while its net life inflows were concentrated exclusively in unit-linked and protection, in accordance with its strategy.
‘Thanks to its diversified business model and strong capital position, Generali remains fully on track to achieve all of the objectives of our ‘Lifetime Partner 24: Driving Growth’ strategy,’ says its CFO Cristiano Borean .
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