By Elena Vardon
Assicurazioni Generali reported better-than-expected results for the first nine months of 2025 on lower natural catastrophe claims at its property-and-casualty business.
The Italian insurer said Thursday that its net profit for the period rose 8.5% to 3.215 billion euros ($3.73 billion). Operating profit--a metric closely watched by analysts and investors--increased 10%% to 5.94 billion euros on gross written premiums that were 3.7% ahead at 73.08 billion euros, it said.
Analysts estimated that the group--which it generates most of its profit from Italy, France, Germany, and Central and Eastern Europe--would post a net profit of 3.145 billion euros, operating profit of 5.925 billion euros and gross written premiums of 71.60 billion euros, according to a company-compiled consensus.
Natural-catastrophe claims in its property-and-casualty segment were benign in the period, contributing to a lower loss ratio and allowing the group to improve its combined operating ratio--a measure of underwriting performance, which indicates a profit if the level is below 100%--to 92.3%, it said.
Generali also posted growth in its life-insurance division--its largest segment--which was driven by higher volumes and better profitability with a 55% on-year increase in its net inflows to 10.37 billion euros.
Write to Elena Vardon at elena.vardon@wsj.com
Corrections & Amplifications
This article was corrected at 0659 GMT to reflect Generali reported earnings on Thursday. The original version incorrectly said the company reported earnings on Friday in the second paragraph.
(END) Dow Jones Newswires
11-13-25 0152ET
