Media release ,  12.3.2026

GENERALI GROUP CONSOLIDATED RESULTS AS AT 31 DECEMBER 2025

Generali achieves record operating and adjusted net result in successful first year of “Lifetime Partner 27: Driving Excellence”

• Gross written premiums increased to € 98.1 billion (+3.6%) thanks to significant growth in P&C (+7.6%)
• Best-in-class Life net inflows, rising to € 13.5 billion driven by Protection & Health and Unit-Linked & Hybrid. New Business Value grew to € 3.1 billion (+6.2%)
• Combined Ratio (CoR) improved significantly to 92.6% (-1.4 p.p.); undiscounted CoR continued its very positive development to 94.3% (-1.6 p.p.)
• Best-ever operating result at € 8.0 billion (+9.7%) driven by all business segments
• Adjusted net result reached all-time high of € 4.3 billion (+14.5%). Adjusted EPS rose substantially to € 2.85 (+16.2%)
• Total AUM of € 900 billion (+4.3%), with € 16 billion net inflows in Asset Management
• Extremely solid capital position with Solvency Ratio at 219% (210% FY2024) thanks to the Group’s strong normalised capital generation
• Dividend per share of € 1.64 (+14.7%) and € 500 million share buyback to be proposed at AGM, confirming commitment to increased shareholder returns

The press release of the international Generali Group is available for download.