Generali Group Reports Mixed Results but Solid Future Outlook

Generali Group's fiscal 2024 shows a slight decline in net results amidst operating growth. Despite a net result drop of 0.6%, the company confirmed the success of its strategic plan, suggesting potential for future stability and growth.

Date: 13-03-2025

AI Rating: 6

Performance Overview: Generali Group reported a fiscal 2024 net result of 3.72 billion euros, reflecting a minor decline of 0.6% year-over-year. However, the operating result increased by 8.2%, reaching 7.29 billion euros, suggesting that core operations remained strong despite the dip in net income.

Adjusted Figures: The adjusted net result improved by 5.4% to 3.77 billion euros, indicating a positive trend in profitability when excluding certain factors. Additionally, the adjusted earnings per share (EPS) grew to 2.45 euros from 2.32 euros, signaling enhanced shareholder value.

Gross Written Premiums: The gross written premiums saw a significant increase of 14.9%, totaling 95.2 billion euros, demonstrating strong demand and business growth in the insurance sector.

Quarterly Performance: In the fourth quarter, the operating result was 1.90 billion euros, reflecting a robust 9.2% increase compared to the previous year. The adjusted net result for this quarter was particularly noteworthy, surging 49.3% to 889 million euros, which highlights strong operational performance as the fiscal year closed.

Strategic Plan and Dividends: Generali successfully completed its 2022-2024 strategic plan, surpassing all targets, indicating robust management and strategic execution. Furthermore, the proposed dividend per share of 1.43 euros, representing an 11.7% increase from the previous year, reflects confidence in future earnings and shareholder returns.

Stocks: GNRL