The Italy-headquartered worldwide insurance coverage group Generali has introduced its full-year 2022 outcomes, revealing it has achieved its best-ever working consequence.
Among the many key financials posted, Generali revealed year-on-year gross written premium (GWP) progress of 1.5%, reaching €81.5 billion (approx. US$87.49 billion), up from 2021’s €75.8 billion. This was bolstered by sturdy P&C progress (+9.8%), led by non-motor. The insurer noticed a file working results of €6.5 billion (up 11.2% year-on-year) in 2022, primarily pushed by life, along with P&C progress.
Whereas Generali’s mixed ratio rose 2.4.p.p to 93.2% within the interval, its new enterprise margin was Well being at 5.35% (up 0.86 p.p. year-on-year) and its internet consequence grew to €2,912 million (up +2.3% year-on-year). The insurer additionally highlighted its very strong capital place, with its Solvency Ratio at 221% (in comparison with 227% in FY2021).
In an earnings launch, Generali famous that its proposed dividend per share of € 1.16 (+8.4%) confirms the group’s deal with shareholder returns.
Group CEO breaks down the figures
Commenting on the outcomes, Generali group CEO, Philippe Donnet, mentioned: “Generali’s outcomes verify the success of our transformation journey, which continues by means of the disciplined and efficient implementation of the ‘Lifetime Accomplice 24: Driving Development’ technique.”
He added that powered by a transparent imaginative and prescient to place the group as a worldwide chief in insurance coverage and asset administration, Generali is on monitor to realize the targets and ambitions of its strategic plan, delivering sustainable progress to create worth for all its stakeholders.
“Generali additionally continues to paved the way in sustainability,” he mentioned, “now totally built-in inside all of the group’s enterprise actions according to our dedication to behave as a accountable insurer, investor, employer and company citizen. We’ve achieved all of this because of the fervour of our folks and our distinctive agent community.”
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