30 July 2020 - 09:00
Technical excellence and resilience in a challenging context
The Group CEO Philippe Donnet comments 2020 half-year results
The performance in the first half of the year confirms the validity of the Group’s strategy, the solidity of its business model and technical excellence, which enabled Generali to face today’s unprecedented circumstances.
The operating result at 2.7 billion euro was in line with that of the first half of year 2019, when Generali achieved a record high figure. The results highlighted the Group’s technical excellence with a Combined Ratio at 89.5% and a New Business Margin at 3.94%, and confirmed a solid capital position with a Solvency Ratio at 194%.
Generali promptly reacted to the Covid-19 emergency, putting in place many initiatives to support our customers and all our stakeholders, and implementing a number of business actions to mitigate the effects of the crisis. We are also accelerating towards our ambition to be Lifetime Partner to our customers, as testified by the recent launch of our global advertising campaign, the first in Generali’s history.