Financial highlights

In 2023 Generali achieved record results with accelerated growth in dividend per share.

Financial highlights

Key 2023 financials at a glance

    FY22 FY23 Δ LFL1
VOLUMES
Gross written Premiums (€ m)   79,019 82,466 +5.6%
of which Life   50,565 51,346 +2.0%
of which P&C   28,454 31,120 +12.0%
Life Net Inflows (€ m)   7,863 -1,313 n.m.
PROFITABILITY
Operating results (€ m)   6,374 6,789 +7.9%
Adjusted Net result (€ m)   3,133 3,575 +14.1%
New Business Margin (on PVNBP)   5.69% 5.78% +9 bps1
Combined Ratio   95.4% 94.0% -1.4 p.p.
Combined Ratio undiscounted   97.0% 96.7% -0.3 p.p.
CASH & DIVIDENDS
Net Holding Cash Flow (€ m)   2,900 2,936 +1.2%
Dividend per share (€)   1.16 1.28 +10.3
CAPITAL
Shareholder's equity (€ m)   26,650 28,968 +8.7%
Solvency 2 ratio (%)   221% 220% -1 p.p.

(1) YoY variations for volumes data are at constant perimeter and exchange rates