Generali consensus 1H24 and 2024-2026 Results
Last update: 25 July 2024
| 1H24E | 2024E | 2025E | 2026E | |||||||||
| Euro m | Min | Avg | Max | Min | Avg | Max | Min | Avg | Max | Min | Avg | Max |
| Gross written premiums | 46,500 | 48,209 | 50,463 | 85,412 | 90,842 | 103,392 | 87,953 | 94,134 | 106,146 | 89,654 | 97,230 | 109,315 |
| Life written premiums | 28,443 | 30,625 | 33,077 | 52,589 | 57,158 | 69,317 | 53,747 | 58,802 | 70,565 | 54,552 | 60,436 | 71,976 |
| P&C written premiums | 17,309 | 17,584 | 18,057 | 32,823 | 33,684 | 34,357 | 34,207 | 35,332 | 37,479 | 35,102 | 36,794 | 39,919 |
| Group operating result | 3,459 | 3,740 | 3,918 | 7,119 | 7,385 | 7,622 | 7,519 | 7,834 | 8,098 | 7,608 | 8,206 | 8,599 |
| Life operating result | 1,865 | 1,944 | 2,011 | 3,875 | 3,950 | 4,083 | 4,001 | 4,116 | 4,283 | 4,076 | 4,279 | 4,475 |
| P&C operating result | 1,537 | 1,758 | 1,914 | 2,963 | 3,226 | 3,426 | 3,185 | 3,458 | 3,698 | 3,380 | 3,611 | 3,898 |
| A&WM operating result | 508 | 546 | 615 | 1,017 | 1,078 | 1,183 | 1,027 | 1,141 | 1,271 | 1,063 | 1,208 | 1,382 |
| H&O operating result | -270 | -202 | -140 | -494 | -417 | -347 | -476 | -415 | -338 | -491 | -416 | -328 |
| Consolidation adjustment | -348 | -306 | -198 | -481 | -453 | -372 | -510 | -466 | -360 | -542 | -477 | -350 |
| Net result | 1,854 | 2,090 | 2,248 | 3,589 | 3,902 | 4,215 | 3,725 | 4,138 | 4,369 | 3,779 | 4,363 | 4,661 |
| Adjusted net result | 1,685 | 1,994 | 2,183 | 3,520 | 3,821 | 4,120 | 3,725 | 4,110 | 4,349 | 3,779 | 4,333 | 4,613 |
| Dividend per share (€) | 1.30 | 1.37 | 1.41 | 1.35 | 1.46 | 1.56 | 1.40 | 1.55 | 1.72 | |||
| Shareholders' equity | 28,357 | 29,407 | 31,646 | 28,019 | 30,575 | 33,288 | 29,038 | 32,239 | 35,350 | 29,724 | 33,703 | 37,513 |
| Life CSM | 30,981 | 31,370 | 31,757 | 30,637 | 31,959 | 33,036 | 30,224 | 33,312 | 34,995 | 29,709 | 34,756 | 36,800 |
| Solvency ratio (%) | 207 | 212 | 215 | 214 | 217 | 224 | 217 | 226 | 239 | 220 | 236 | 265 |
| Combined ratio (%) | 91.5 | 92.3 | 93.2 | 92.7 | 93.2 | 93.8 | 92.1 | 93.0 | 93.5 | 91.8 | 92.9 | 93.8 |
| Undiscounted Combined ratio (%) | 94.2 | 95.0 | 96.2 | 94.8 | 95.5 | 95.9 | 94.7 | 95.2 | 95.8 | 94.3 | 95.1 | 96.2 |
| Life New Business Value | 1,135 | 1,275 | 1,606 | 2,167 | 2,363 | 2,503 | 2,317 | 2,557 | 2,750 | 2,418 | 2,656 | 2,835 |
| Life PVNBP | 24,432 | 28,678 | 34,166 | 41,509 | 46,443 | 50,471 | 42,307 | 46,662 | 53,450 | 43,800 | 48,223 | 53,284 |
Note: the average number of shares outstanding during 1H24 has been1,545,431,853.