Generali Reports Record 2024 Financial Results

Assicurazioni Generali SpA ( (ARZGY) ) has released its Q4 earnings. Here is a breakdown of the information Assicurazioni Generali SpA presented to its investors.

Assicurazioni Generali SpA, a leading global insurance and asset management group, has reported record financial results for 2024, surpassing its strategic plan targets. The company achieved a significant increase in gross written premiums, reaching €95.2 billion, driven by growth in both Life and P&C segments. The operating result hit a record €7.3 billion, with strong contributions from all business segments, particularly Asset & Wealth Management. The adjusted net result rose to €3.8 billion, marking an all-time high for the group. Generali’s solid capital position is reflected in a Solvency Ratio of 210%, despite a slight decrease from the previous year due to M&A activities and a share buy-back program. Looking forward, Generali aims to continue its growth trajectory under the new ‘Lifetime Partner 27: Driving Excellence’ plan, focusing on enhancing customer relationships, technical proficiency, and operational excellence.