Generali H1 Financial Results
Assicurazioni Generali reported a first‑half net profit of €913 million, representing a 46.8% increase over the same period last year. Direct insurance income for the six‑month period reached €9 billion, up 3.9% year‑over‑year, supported by growth in the motor‑vehicle and bancassurance channels. The combined ratio improved to 91.8%, aligning with the targets set out in the company’s strategic plan, while the solvency ratio stood at 259% for the first half. Growth in the non‑life insurance segment was driven by motor‑vehicle and bancassurance lines, whereas the life insurance division expanded through its agency channel, contributing to higher margins. Investment management activities provided additional support to the non‑life segment’s pre‑tax results. The company did not issue any guidance for the upcoming quarters or the full fiscal year.