The international Generali Group closed the year 2023 with record indicators
The results of the international Generali Group:
- Gross premium income increased to EUR 82.5 billion (+5.6%) in 2023, thanks to strong growth in the property (P&C) segment (+12%).
- Operating profit exceeded EUR 6.9 billion (+7.9%), thanks to the contribution of all segments, led by property insurance (P&C). The Combined Ratio increased to 94% (-1.4 p.p.). New Business Margin was excellent, reaching 5.78% (+0.09 p.p.).
- Adjusted profit after tax closed at a record high of 3,575 million euros (+14.1%).
- The capital position of the company group remains stable, its solvency ratio is 220% (which was 221% in the financial year 2022).
- The proposed dividend of EUR 1.28 per share (+10.3%) confirms the company’s strong focus on rewarding shareholders and meeting the cumulative dividend target for 2022-2024.
Tags: Generali Csoport
Related news
Generali reported on a 500 million euro share buyback program and strategic acquisitions
The Generali Group has announced that it is on track…
Read more >
European SMEs are committed to sustainability, but they need additional incentives
Despite the energy crisis, disruptions in supply chains, as well…
Read more >
Applications for Generali’s EnterPRIZE tender have begun – this year the amount available for SMEs will increase
EnterPRIZE, a comprehensive international sustainability tender launched by the Generali…
Read more >
More related news >
Related news
Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista…
Read more >
Nestlé Szerencs factory expands with new solar park
The 1.5 GW annual capacity solar park will come into…
Read more >
Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
The Hungarian commercial real estate market is currently characterized by…
Read more >
