Generali consensus 1Q25 and 2025-2027 Results

Last update: 15 May 2025

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  1Q25E 2025E 2026E 2027E
Euro m Min Avg Max Min Avg Max Min Avg Max Min Avg Max
Gross written premiums 25,838 27,548 28,424 97,823 99,797 102,184 101,854 104,390 107,868 105,426 108,880 113,821
Life written premiums 15,666 17,264 18,183 62,331 63,869 65,427 63,917 66,380 69,027 65,195 68,850 73,169
P&C written premiums 10,046 10,271 10,620 35,264 35,928 36,757 36,782 38,017 39,169 38,168 40,063 41,378
 
Group operating result 1,953 2,033 2,085 7,470 7,881 8,064 8,021 8,428 8,783 8,533 8,939 9,375
Life operating result 967 999 1,029 3,908 4,155 4,321 4,101 4,349 4,627 4,317 4,556 4,882
P&C operating result 884 962 1,086 3,274 3,446 3,713 3,545 3,770 4,129 3,775 3,997 4,394
A&WM operating result 270 284 298 1,058 1,183 1,257 945 1,224 1,364 1,064 1,310 1,476
H&O operating result -156 -133 -100 -557 -513 -400 -569 -518 -400 -594 -525 -400
Consolidation adjustment -150 -79 -50 -413 -390 -360 -440 -397 -350 -463 -408 -342
Net result 953 1,121 1,231 3,942 4,181 4,388 4,304 4,654 5,436 4,652 4,891 5,400
Adjusted net result 998 1,125 1,271 3,949 4,185 4,368 4,360 4,555 4,830 4,672 4,870 5,268
 
Dividend per share (€)   1.50 1.57 1.60 1.60 1.73 1.79 1.75 1.90 2.01
 
Shareholders' equity 30,552 31,039 31,309 31,282 31,760 32,333 32,471 33,542 34,437 33,775 35,304 36,385
Life CSM 30,432 30,912 31,332 30,904 31,704 33,079 31,573 33,100 35,064 32,292 34,565 37,168
Solvency ratio (%) 206 212 226 211 215 221 212 221 234 213 230 258
 
Combined ratio (%) 89.9 90.9 91.8 92.4 93.1 93.6 91.9 92.8 93.5 92.1 92.7 93.2
Undiscounted Combined ratio (%) 92.4 93.2 94.0 94.0 94.9 95.5 93.6 94.5 95.5 94.0 94.4 95.2
 
Life New Business Value 782 827 921 2,483 3,022 3,345 2,584 3,245 3,549 2,688 3,456 3,888
Life PVNBP 13,092 16,503 18,917 49,174 54,144 57,015 51,632 57,017 62,717 54,214 60,030 68,988

Note: the average number of shares outstanding during 1Q25 has been 1,517,471,072.