GENERALI GENERALI GROUP 2021 First Half Results
The like for like change of written premiums and life net cash inflows is on equivalent terms (on equivalent exchange rates and consolidation area).
Operating result, Asset Under Management and Life technical provisions exclude assets under disposals or disposed during the period.
1H20 numbers for PVNBP, NBV and NBM are presented on historical basis, without excluding asset disposals. The like for like change are on equivalent terms.
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Agenda
I. Strategy Overview | Page 3 |
Philippe Donnet - Group CEO | |
III. 2021 First Half Group Financials | Page 9 |
Cristiano Borean - Group CFO | |
IV. Backup | Page 32 |
© Generali | August 3, 2021 2021 First Half Results |
Agenda
I. Strategy Overview
Philippe Donnet - Group CEO
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page 3
© Generali | August 3, 2021 2021 First Half Results |
CEO - Strategy Overview | 4 |
Key messages
Excellent business profitability and extremely solid capital position
M&A and partnerships accelerating 'Generali 2021' plan delivery
Updated climate change strategy highlighting Generali's on-going commitment to Sustainability
Fully on track to deliver 'Generali 2021', with new plan to be presented in December
© Generali | August 3, 2021 2021 First Half Results |
CEO - Strategy Overview | 5 | |||
Excellent business profitability and extremely solid capital position | ||||
OPERATING RESULT | P&C COMBINED RATIO | LIFE NEW BUSINESS MARGIN | ||
(€ m) | (%) | (%) | ||
+10.4% | +0.2 p.p. | |||
+0.73 p.p. | ||||
2,996 | 89.5 | 89.7 | 3.94 | 4.67 |
2,714 |
1H 2020 | 1H 2021 | 1H 2020 | 1H 2021 | 1H 2020 | 1H 2021 | |||||||
ADJUSTED NET RESULT (1) | SOLVENCY RATIO | |||||||||||
(€ m) | (%) | |||||||||||
+61.1% | +7 p.p. | |||||||||||
1,540 | 224 | 231 | ||||||||||
957 | ||||||||||||
1H 2020 | 1H 2021 | FY 2020 | 1H 2021 | |||||||||
© Generali | August 3, 2021 | 2021 First Half Results |
- The 1H20 figure does not include the impact of gains and losses related to disposals (corresponding to € -183 million for the expense resulting from the settlement agreement for the sale of BSI. Excluding the one-off expense of the Extraordinary International Fund for Covid-19, the adjusted net result would be € 1,032 million
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Assicurazioni Generali S.p.A. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:03 UTC.
