Generali Consensus FY23-25 results

Last update: 19 February 2024

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  FY 2023E FY 2024E FY 2025E
Euro m Min Avg Max Min Avg Max Min Avg Max
Gross written premiums 80,590 81,978 82,868 82,771 85,637 88,339 85,824 88,807 93,156
Life written premiums 49,132 50,587 51,277 49,218 52,028 53,590 50,590 53,602 56,162
P&C written premiums 30,327 31,390 31,868 31,801 33,689 35,299 33,032 35,359 37,064
 
Group operating result 6,700 6,826 6,939 6,980 7,389 7,649 7,400 7,852 8,271
Life operating result 3,623 3,721 3,809 3,627 3,923 4,056 3,671 4,098 4,333
P&C operating result 2,736 2,884 2,996 2,744 3,219 3,483 3,002 3,456 3,892
A&WM operating result 940 983 1,034 927 1,041 1,114 1,036 1,107 1,214
H&O operating result -405 -319 -280 -415 -333 -281 -435 -338 -247
Consolidation adjustment -500 -447 -409 -595 -462 -379 -647 -470 -350
Adjusted net result 3,290 3,573 3,772 3,526 3,789 4,066 3,745 4,068 4,412
 
Dividend per share (€) 1.23 1.25 1.30 1.30 1.33 1.37 1.35 1.41 1.46
 
Shareholders' equity 27,800 28,376 29,656 28,850 29,853 31,464 29,954 31,604 33,330
Life CSM 31,053 31,624 32,473 31,621 33,097 35,097 32,051 34,467 36,851
Solvency ratio (%) 215 220 224 213 222 237 217 231 245
 
Combined ratio (%) 93.5 94.3 94.9 92.9 93.3 94.1 92.4 93.0 93.8
Undiscounted Combined ratio (%) 96.5 97.2 98.0 95.3 95.9 96.5 94.8 95.5 96.2
 
Life New Business Value 2,250 2,340 2,480 2,267 2,473 2,708 2,307 2,583 3,139
Life PVNBP 39,193 40,754 42,272 39,222 42,667 47,175 39,847 44,081 48,614

Note: the average number of shares outstanding during 2023 has been 1,541,766,041.