Generali Group grew gross written premiums (GWP) to €28.15bn within the first quarter of 2026 (Q1 2026), a 6.8% year-on-year rise, with each its life and property & casualty (P&C) divisions contributing to the rise.
The Italian insurer’s consolidated working outcome reached €2.23bn, up 8.1%, whereas the adjusted internet outcome rose 5.2% to €1.26bn.
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A one-off tax merchandise in France, price roughly €50m, added round 2.5 share factors to the efficient tax price through the interval.
Stripping out that cost, adjusted internet outcome progress would have stood at 9.3%, with adjusted earnings per share (EPS) progress of 10.2%.
The reported internet outcome fell 2.2% to €1.16bn, affected by truthful worth actions on investments alongside the tax impact.
The life section generated an working results of €1.09bn, up 9.9%, supported by internet inflows of €4.3bn throughout all enterprise traces.
New enterprise worth climbed to €977m, a 19.1% enhance, and the brand new enterprise margin widened by 0.58 share factors to five.35%, attributed to a extra beneficial product combine and the upper rate of interest surroundings.
In P&C, GWP reached €10.97bn, rising 5.8%, with each motor and non-motor traces advancing 6% and 5%, respectively.
The present 12 months attritional loss ratio, which strips out pure disaster losses, improved to 64% from 65.1% in the identical interval final 12 months.
The asset & wealth administration division posted an working results of €314m, a 15.5% enhance, with asset administration contributing €142m, up 12.7%, and Banca Generali €172m, up 17.9%.
The corporate mentioned it’s persevering with to execute its Lifetime Companion 27: Driving Excellence strategic plan, which targets EPS compound annual progress of 8–10%, and cumulative internet holding money stream of greater than €11bn.
Generali Group CFO Cristiano Borean mentioned: “The Group’s first quarter 2026 outcomes verify the profitable execution of our ‘Lifetime Companion 27: Driving Excellence’ strategic plan, with robust progress within the working outcome supported by all segments, mirrored as effectively within the adjusted internet outcome.
“Life recorded a really robust enterprise efficiency, because of the constructive contribution from all enterprise traces. In P&C, regardless of a better affect from Nat Cat occasions, underlying technical profitability continued to enhance.”
