Generali : Solid 2021 results and three-year financial guidance maintained
>Good commercial momentum - Generali reported its 2021 results yesterday. 2021 premiums came to € 75.8bn, up 6.4% l-f-l, ahead of expectations (consensus € 73.6bn, our forecast € 75.2bn), with strong l-f-l growth in both life insurance (+6.0%) and P&C insurance (+7.0%), relative to a 2020 comparison base impacted by the Covid crisis. We note that Cattolica was fully consolidated over the last two months of the year. The new business margin in life insurance, moreover,...Assicurazioni Generali is the parent company for The Generali Group (the Group), an insurance and financial services provider. The commercial offer is composed of savings and pure risks policies, which constitute the majority of the portfolio, which includes protection and pension funds. In the non-life sector the Group is focused primarily on the retail market. In addition, through the Europ Assistance Group, Co. is engaged in services in motor, travel, health, home and family. The Group has also expanded its business from insurance to a range of asset management, property and financial services.
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