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 optimistic 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 web outcome for the 12 months noticed a slight drop of 0.6%, totalling €3.7bn.
The consolidated working outcome stood at €7.2bn, an 8.2% improve from €6.7bn in 2023.
The corporate attributed this to the optimistic efficiency of all enterprise segments, with a contribution from asset and wealth administration.
The Life section working outcome contributed €3.9bn, a 6.6% rise from €3.7bn in 2023.
The property and casualty (P&C) working outcome 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 autumn 2024), the corporate reported an adjusted internet results of €889m, a 49.3% surge in contrast with €595m in This autumn 2023.
Nonetheless, the online outcome noticed a 17.6% decline, reaching €762m in This autumn 2024.
The consolidated working outcome for the quarter amounted to €1.8bn, up 9.2% from the identical quarter of 2023.
The Life working outcome contributed €947m, and the P&C working outcome 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 Associate 24: Driving Development’ strategic plan to an in depth. These outcomes additional replicate our capacity to make sure constant natural development in every section by the administration actions we put in place, whereas efficiently integrating all the companies we’ve been buying.
“Our bold new ‘Lifetime Associate 27: Driving Excellence’ plan will drive sturdy earnings development, strong money era and elevated shareholder remuneration. That is additional boosted by our AI and information capabilities enhancing our capacity 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.
