Generali Group reported an adjusted internet results of €3.8bn for the 12 months 2024, a 5.4% improve from €3.5bn the earlier 12 months.
The group attributed the expansion to the constructive results of its diversified revenue sources.
Adjusted earnings per share for the 12 months rose to €2.45, in contrast with €2.32 in 2023.
The online end result for the 12 months noticed a slight drop of 0.6%, totalling €3.7bn.
The consolidated working end result stood at €7.2bn, an 8.2% improve from €6.7bn in 2023.
The corporate attributed this to the constructive efficiency of all enterprise segments, with a contribution from asset and wealth administration.
The Life phase working end result contributed €3.9bn, a 6.6% rise from €3.7bn in 2023.
The property and casualty (P&C) working end result additionally grew by 5.1%, reaching €3bn from €2.8bn in 2023.
Gross written premiums for the 12 months surged by 14.9%, hitting €95.1bn, up from €82.4bn in 2023.
Life gross written premiums grew to €61.4bn in 2024, a 19.2% year-on-year improve, whereas P&C gross written premiums rose 7.7% to €33.8bn.
For the fourth quarter of 2024 (This fall 2024), the corporate reported an adjusted internet results of €889m, a 49.3% surge in contrast with €595m in This fall 2023.
Nevertheless, the online end result noticed a 17.6% decline, reaching €762m in This fall 2024.
The consolidated working end result for the quarter amounted to €1.8bn, up 9.2% from the identical quarter of 2023.
The Life working end result contributed €947m, and the P&C working end result was €842m.
The group has proposed an 11.7% improve in dividend to €1.43 per share.
Generali Group CEO Philippe Donnet stated: “Generali achieved wonderful ends in 2024, overdelivering towards our monetary targets and efficiently bringing our ‘Lifetime Accomplice 24: Driving Development’ strategic plan to a detailed. These outcomes additional replicate our skill to make sure constant natural progress in every phase via the administration actions we put in place, whereas efficiently integrating all the companies we now have been buying.
“Our bold new ‘Lifetime Accomplice 27: Driving Excellence’ plan will drive robust earnings progress, strong money technology and elevated shareholder remuneration. That is additional boosted by our AI and knowledge capabilities enhancing our skill to constantly seize alternatives from fast-changing buyer wants and rising tendencies.”
In January, Generali introduced a share buyback programme valued at as much as €350m.
