Economy

Conte Generali, figures for the first nine months of 2021

The insurer ended the January-September period with a net profit of 2.25 billion euros, up 74% over the same months last year.

general On the financial results for the first nine months of 2021. The management of the insurance company confirmed the operational and financial indicators for the full year that were previously reported.

In detail, the insurance company ended the January-September period with a Net profit of 2.25 billion eurosAn increase of 74% compared to the 1.3 billion recorded in the same months of the previous year. The consensus of analysts, published on the Generali website, indicated a final result of 2.13 billion euros, with a range between 2 and 2.27 billion euros.

in height operating incomeWhich amounted to 4.4 billion euros, up 10% from what was achieved in the first nine months of 2020. Also in this case, the figure was higher than the consensus of analysts (4.24 billion euros).

I Gross Gross Premiums It rose 6.4% to €54.9 billion, thanks to growth in both the life business (+6.5%) and the annual business (+6.2%). The consensus of analysts indicated that the total insurance premiums amounted to 53.98 billion euros.

At the end of September 2021 net assets Generali was valued at 29.25 billion euros, down from 30.03 billion at the beginning of the year. On the same date Savings under control In total, it amounted to €682.14 billion, registering an increase of 4.2% compared to December 31, 2020.

Also at the end of September second solvency ratio (which represents the regulatory view of crowd capital and is based on the use of the internal model only for companies that have obtained relative approval from IVASS, and on the standard formula for other companies) equal to 233% of 224% at the beginning of the year.

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In light of the results of the nine months of 2021, Group confirms 2018-2021 compound annual growth target in EPS between 6% and 8%%. The expected return on capital (ROE) in 2021 is also expected to be greater than 11.5%. The goal of paying a cumulative 2019-2021 dividend between 4.5 and 5 billion euros has been achieved with the disbursement of the second tranche of 2019 dividends made recently.


Thelma Binder

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