MILANO (ITALPRESS) – The Board of Directors of Generali, chaired by Andrea Sironi, approved the consolidated financial statements and the draft budget of the Holding Company for 2025. Gross premiums increased to 98.1 billion (+3.6%), thanks to the significant development of both segments, Life and Danni. The net collection Vita is growing at 13.5 billion, almost entirely concentrated in the pure risk and disease lines, hybrid products and unit-linked, in line with the Group’s strategy. The operating result reaches the record level of 8.004 million (+9.7%), thanks to the positive contribution of all business segments. In particular, the operating result of the Vita segment is growing to 4.154 million (+4.3%) and the New Business Value increases to 3.147 million (+ 6.2%).
The operating result of the Danni segment is increasing to 3.663 million (+20.0%), with the Combined Ratio improving to 92.6% (-1.4 p.p.). The Combined Ratio not updated continues its very positive development to 94.3% (-1.6 p.p.): this trend has also benefited from a lower current leftility not currentized and a lower impact of the catastrophic sinisters, partly offset by the development of the previous generations. The operating result of the Asset & Wealth Management segment amounted to 1,194 million (+1.5%), driven in particular by the Asset Management result which increases to 662 million (+7.5%). The operating result of the Holding segment and other activities is -610 million (-536 million FY2024). The standard net profit reaches the record of 4.315 million (3.769 million FY2024), up 14.5% thanks to the excellent diversification of the Group’s sources of profit. The net result grew by 12.0% to 4.172 million (3.724 million FY2024), supported by business performance over the period.
The Group’s net assets increased to 32.1 billion (+5.5%), due to the result of the period and the issue of the perpetual bond Restricted Tier 1, classified as a capital instrument for 500 million, partially offset by the accounting of dividend 2025, from the purchase of own shares related to Group incentive plans and strategic buyback for € 500 million. Contractual Service Margin (CSM) is up 10.8% to 34.6 billion (31.2 billion FY2024). The Group’s overall Under Management (AUM) assets grow significantly to 900 billion (+4.3% FY2024) with third-party AUMs reaching the record level of € 384 billion, of which 273 billion are assets managed by Asset Management companies. The Group confirms its extremely solid patrimonial position, with the Solvency Ratio at 219% (210% FY2024), thanks to the strong normalized generation of capital.
DONNET “RISULTATI RECORD IN PRIMO ANNO PIANO STRATEGICO”
“The record results achieved in 2025 successfully conclude the first year of our strategic plan ‘Lifetime Partner 27: Driving Excellence’ and confirm the continuous creation of value for all our stakeholders. In a context still characterized by great uncertainty, we have further strengthened our role as an authentic Life Partner for all customers, offering them protection, serenity and stability. The focus on excellence in core skills is reflected in the excellent performance of Danni, thanks to a high technical profitability, and in the highest net collection Vita at European level, demonstrating Generali’s leadership in this segment and the high quality of the new production. Asset & Wealth Management has also strengthened its growth, with solid net flows.” The Group CEO of Generali, Philippe Donnet, commented on the results of 2025.
“We are also accelerating the transformation of the Group’s operating model through the wide adoption of AI, digitalisation and automation, and we are very pleased with the excellent progress towards our ambitious sustainability targets – he added. Thanks to these excellent results and extremely solid assets, and in line with the clear commitment to guarantee our shareholders ever higher returns, we offer once again a dividend by increase share and the launch of the buyback from 500 million euros for 2026. Our people remain the fundamental element behind the success of the Group, and I wish to thank sincerely all colleagues and agents for this extraordinary start of the strategic plan.”.
– Photo xm4/Italpress –
(ITALPRESS).
