Financial highlights
Generali achieves record operating and adjusted net result in successful first year of “Lifetime Partner 27: Driving Excellence”.
Key 2025 financials at a glance
| FY24 | FY25 | Change1 | |
| VOLUMES | |||
| Gross written Premiums (€ m) | 95,190 | 98,124 | +3.6% |
| of which Life | 61,434 | 61,943 | +1.4% |
| of which P&C | 33,756 | 36,181 | +7.6% |
| Life Net Inflows (€ m) | 9,674 | 13,487 | +42.5% |
| PROFITABILITY | |||
| Operating results (€ m) | 7,295 | 8,004 | +9.7% |
| Adjusted Net result (€ m) | 3,769 | 4,315 | +14.5% |
| New Business Margin (on PVNBP) | 5.40% | 5.66% | 0.25 p.p. |
| Combined Ratio | 94.0% | 92.6% | -1.4 p.p. |
| Combined Ratio undiscounted | 95.9% | 94.3% | -1.6 p.p. |
| CASH & DIVIDENDS | |||
| Net Holding Cash Flow (€ m) | 3,8 | 3,8 | 0.0% |
| Dividend per share (€) | 1.43 | 1.64 | +14.7% |
| CAPITAL | |||
| Shareholder's equity (€ m) | 30,389 | 32,064 | +5.5% |
| Solvency 2 ratio (%) | 210% | 219% | 9,0 p.p. |
(1) Changes in premiums, Life net inflows and new business are presented on equivalent terms. Changes in Solvency Ratio are calculated considering the corresponding figures from the end of the previous year. The amounts are rounded and may not add up to the rounded total in all cases. Also, the percentages presented can be affected by the rounding.
