Generali Group achieved 3 billion euros in profit after the first 6 months of 2021


Generali Group achieved 3 billion euros in profit after the first 6 months of 2021

In the first 6 months of 2021, Generali Group achieved good business results when recording strong growth from fee revenue, operating profit and net profit.

Generali Group CEO Philippe Donnet affirmed that the Group is on the right track to achieve the ambitious goals of the Generali 2021 plan.

Accordingly, operating profit reached 3 billion euros (up 10.4%), thanks to the profit growth of life insurance, asset management and other businesses. At the same time, the non-life insurance segment continue to earn high profits.

Gross fee revenue came in at €38 billion (+5.5%). In which, life insurance increased by 5.8% and non-life increased by 4.9%.

Net cash flow from life insurance business obtain 6.3 billion euros (down 8,6%, andAs of June 2020, Generali Italy was entrusted with the management of Cometa’s two investments – the National Supplemental Pension Fund, for engineering workers, industrial plant installations and the like, and for silver and gold workers. Excluding the effect of this pension fund, net cash flow from life insurance business increased by 16.6%).

Return on new mining revenue recorded impressive results across the industry, at 4.67% (vs 3.94% in the same period a year ago). The combined rate was steady at 89.7% (up 0.2 percentage points).

In the first 6 months of 2021, Generali Group recorded growth from fee revenue, operating profit and net profit.

Net profit grew strongly, up to 1,54 Billion Euro (compared to 774 million Euro in the same period last year). The Group’s solvency margin reached 231% (compared to 224% belong to five 2020).

The Group is on track to complete good goals for the year along with the “Generali 2021” strategic plan.

Generali Vietnam is proud to actively contribute to the Group’s success after a decade of strong development with many outstanding achievements, including the title “Insurance company providing health insurance and customer experience”. Vietnam’s leading”

BILLIONGenerali Group CEO, grandfather Philippe Donnet identify: “Excellent business results this time continue affirms that we are on track to achieve the ambitious goals of the “Generali 2021” plan, even in such a challenging context as today. The strong growth in the first six months has cemented Generali’s position as the European market leader, driven by excellent business performance, accelerated innovation new digital with a superior distribution network”.

“We will continue focus on further promoting the strategy of becoming “Friend for life” of cutomer, promote enthusiasm, passion together positive energy of 72,000 employees and 165,000 insurance consultants worldwide“.

“Cmy uncle will presented the Group’s new strategic plan at Conference investors will take place on 15/12 next“, grandfather Philippe Donnet said.