Generali Group reported an adjusted web results of €3.8bn for the yr 2024, a 5.4% improve from €3.5bn the earlier yr.
The group attributed the expansion to the constructive results of its diversified revenue sources.
Adjusted earnings per share for the yr rose to €2.45, in contrast with €2.32 in 2023.
The web consequence for the yr noticed a slight drop of 0.6%, totalling €3.7bn.
The consolidated working consequence 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 consequence contributed €3.9bn, a 6.6% rise from €3.7bn in 2023.
The property and casualty (P&C) working consequence additionally grew by 5.1%, reaching €3bn from €2.8bn in 2023.
Gross written premiums for the yr 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 autumn 2024), the corporate reported an adjusted web results of €889m, a 49.3% surge in contrast with €595m in This autumn 2023.
Nevertheless, the web consequence noticed a 17.6% decline, reaching €762m in This autumn 2024.
The consolidated working consequence for the quarter amounted to €1.8bn, up 9.2% from the identical quarter of 2023.
The Life working consequence contributed €947m, and the P&C working consequence was €842m.
The group has proposed an 11.7% improve in dividend to €1.43 per share.
Generali Group CEO Philippe Donnet mentioned: “Generali achieved glorious ends in 2024, overdelivering in opposition to our monetary targets and efficiently bringing our ‘Lifetime Companion 24: Driving Development’ strategic plan to an in depth. These outcomes additional replicate our potential to make sure constant natural progress in every phase by means of the administration actions we put in place, whereas efficiently integrating all the companies we’ve got been buying.
“Our bold new ‘Lifetime Companion 27: Driving Excellence’ plan will drive sturdy earnings progress, strong money technology and elevated shareholder remuneration. That is additional boosted by our AI and knowledge capabilities enhancing our potential to constantly seize alternatives from fast-changing buyer wants and rising traits.”
In January, Generali introduced a share buyback programme valued at as much as €350m.
