Generali consensus 1Q24 and 2024-2026 Results
Last update: 08 May 2024
| 1Q24E | 2024E | 2025E | 2026E | |||||||||
| Euro m | Min | Avg | Max | Min | Avg | Max | Min | Avg | Max | Min | Avg | Max |
| Gross written premiums | 21,050 | 23,020 | 24,022 | 83,958 | 86,228 | 88,125 | 87,104 | 89,667 | 94,083 | 89,654 | 92,657 | 98,838 |
| Life written premiums | 11,800 | 13,575 | 14,562 | 51,346 | 52,702 | 53,913 | 52,314 | 54,408 | 56,609 | 53,360 | 55,912 | 59,439 |
| P&C written premiums | 8,000 | 9,445 | 9,858 | 32,612 | 33,526 | 34,212 | 33,777 | 35,259 | 37,474 | 34,996 | 36,745 | 39,399 |
| Group operating result | 1,671 | 1,866 | 1,991 | 6,898 | 7,356 | 7,559 | 7,427 | 7,815 | 8,037 | 7,806 | 8,208 | 8,442 |
| Life operating result | 937 | 966 | 1,019 | 3,669 | 3,950 | 4,076 | 3,693 | 4,120 | 4,278 | 3,809 | 4,279 | 4,460 |
| P&C operating result | 648 | 848 | 920 | 2,748 | 3,206 | 3,424 | 3,003 | 3,434 | 3,629 | 3,187 | 3,613 | 3,884 |
| A&WM operating result | 217 | 257 | 287 | 1,010 | 1,059 | 1,148 | 1,053 | 1,123 | 1,209 | 1,084 | 1,187 | 1,331 |
| H&O operating result | -150 | -130 | -110 | -534 | -413 | -305 | -500 | -405 | -320 | -500 | -403 | -320 |
| Consolidation adjustment | -108 | -75 | -63 | -481 | -445 | -328 | -513 | -457 | -334 | -537 | -468 | -341 |
| Net result | 951 | 1,039 | 1,127 | 3,664 | 3,867 | 4,029 | 3,935 | 4,138 | 4,260 | 4,154 | 4,375 | 4,653 |
| Adjusted net result | 849 | 979 | 1,020 | 3,510 | 3,813 | 3,991 | 3,825 | 4,144 | 4,700 | 4,088 | 4,334 | 4,703 |
| Dividend per share (€) | 1.30 | 1.37 | 1.41 | 1.35 | 1.46 | 1.56 | 1.40 | 1.55 | 1.72 | |||
| Shareholders' equity | 29,537 | 30,269 | 31,756 | 28,019 | 30,991 | 33,126 | 29,038 | 32,694 | 35,161 | 29,913 | 34,161 | 37,295 |
| Life CSM | 30,883 | 31,406 | 31,834 | 30,637 | 32,369 | 32,954 | 30,224 | 33,708 | 34,998 | 29,709 | 35,141 | 36,981 |
| Solvency ratio (%) | 209 | 214 | 217 | 214 | 219 | 226 | 219 | 228 | 241 | 223 | 237 | 268 |
| Combined ratio (%) | 90.1 | 91.3 | 94.7 | 92.7 | 93.3 | 94.2 | 92.3 | 92.9 | 93.5 | 92.0 | 92.8 | 93.8 |
| Undiscounted Combined ratio (%) | 92.8 | 94.0 | 96.3 | 94.9 | 95.6 | 96.4 | 94.5 | 95.2 | 95.7 | 94.0 | 95.0 | 96.2 |
| Life New Business Value | 603 | 673 | 720 | 2,271 | 2,442 | 2,527 | 2,433 | 2,560 | 2,700 | 2,468 | 2,666 | 2,844 |
| Life PVNBP | 10,959 | 12,042 | 13,000 | 40,393 | 42,340 | 44,330 | 41,476 | 43,914 | 46,547 | 42,596 | 45,516 | 48,874 |
Note: the average number of shares outstanding during 1Q24 has been 1,542,221,589.