(News Bulletin 247) – Generali announces its results for 2022 and is pleased to have achieved the best operating result in its history, with continued growth in premiums and net income.
The operating result is 6.5 billion euros (+11.2%), ‘mainly due to life insurance, as well as the growth of damage insurance’, specifies Generali. The combined ratio was 93.2% (+2.4pp). New business margin is at 5.35% (+0.86pp)
Net income increased to 2,912 million euros (+2.3%)
Gross premiums written amounted to 81.5 billion euros (+1.5%), with strong growth in non-life insurance (+9.8%), driven by non-motor insurance.
Resilient net inflows are €8.7 billion in life insurance, entirely focused on unit-linked products and protection, in line with the group’s strategy –
And the group still congratulates itself on an “extremely solid” capital position, with a solvency ratio of 221% (227% for the 2021 financial year) “.
The proposed dividend per share is €1.16 (+8.4%).
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