Business · Companies · 13 hrs ago
Generali raises nine-month operating profit despite higher claims
Generali’s operating profit rose 8.5% to €6.4 billion in the first nine months of the year.
The insurer also increased its gross premiums by 4.5% to €76.5 billion, with growth in both life and property and casualty insurance.
Claims from disasters and other events reached €1.8 billion, while Generali’s combined ratio, a measure of claims and costs against premiums, worsened to 92.8%.
Despite that pressure, adjusted net profit climbed 12% to €3.7 billion.
Asset and wealth management also grew strongly, with operating profit up 23% to more than €1 billion.
The solvency ratio fell to 211% from 219% at the end of 2025, though the company said its capital position remained solid.
The figures cover the first nine months, and no further plans or next steps were given.
Generali’s operating profit rose 8.5% to 6.4 billion euros in the first nine months of the year despite higher claims.
Gross premiums grew 4.5% to 76.5 billion euros, with growth in both property and casualty and life insurance.
Claims from natural catastrophes and human-caused events totalled 1.8 billion euros during the period.
The adjusted group profit increased 12% to 3.7 billion euros.
Operating profit in asset and wealth management rose 23% to more than 1 billion euros.
- Who
- Generali, the insurer.
- What
- Operating profit rose 8.5% to 6.4 billion euros despite higher claims.
- When
- In the first nine months of the year; the article was published on November 13, 2026.
- Where
- Not stated.
- Why
- The company said all business areas contributed to the rise. Asset and wealth management benefited from robust performance in both areas.
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- Operating profit
- 6.4 billion euros, up 8.5%
- Gross premiums
- 76.5 billion euros, up 4.5%
- Catastrophe and human-caused claims
- 1.8 billion euros
- Adjusted group profit
- 3.7 billion euros, up 12%
- Solvency ratio
- 211%, down from 219% at the end of 2025