Generali’s gross written premiums up significantly in 2024

Written by Michael Griffiths

14/03/2025

Generali has posted a 14.9% jump in gross written premiums to €95.2bn in 2024, with strong growth in its life (19.2%) and P&C (7.7%) divisions.

The Italian insurer’s life net inflows reached positive levels at € 9.7bn, entirely driven by protection and unit-linked business, as new business volumes grew by 2.3% to €2.4bn.

Generali was announcing its results for the 12 months to 31 December and revealed that its adjusted net result rose by 5.4% to €3.8bn, the group’s highest level on record. The group also hit a record operating result with € 7.3bn, which was up 8.2% on last year.

Its total assets under management have reached €863bn, a level up 31.6% year-on-year, which Generali said was thanks to positive net inflows as well as its consolidation of Conning.

The Italian group also said it has a “solid” capital position, with its solvency ratio at 210%, compared to 220% in 2023, which it added was reflecting M&A transactions and its €500m buyback programme last year.

Generali CEO, Philippe Donnet, said: “These results further reflect our ability to ensure consistent organic growth in each segment through the management actions we put in place, while successfully integrating all the businesses we have been acquiring.

“The group today is in the strongest position in its history, demonstrated by our record operating and adjusted net results, achieved thanks to the efforts and commitment of our people and distribution network.

“We continue to transform and diversify our group as a leading global integrated insurer and asset manager and are now focussed on accelerating our pursuit of excellence.”

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