Q4 2024 Assicurazioni Generali SpA Earnings Call Transcript

Mar 13, 2025 / 11:00AM GMT

Release Date Price: €31.74 (+0.70%)

Transcript

Key Points

Positve

Generali (ARZGF) achieved record highs in operating results and adjusted net results, with EUR7.3 billion and EUR3.8 billion respectively.
The company reported strong net inflows in the Life segment, reaching nearly EUR10 billion, driven by protection and unit-linked lines.
Property & Casualty gross written premiums increased by 7.7%, with improvements in both motor and non-motor lines.
The Group's total assets under management grew by 32% to EUR863 billion, supported by positive net inflows and the consolidation of Conning Holdings Limited.
Generali (ARZGF) plans to propose a dividend per share increase of nearly 12% and a EUR500 million share buyback, reflecting strong cash flow generation and a solid capital position.

Negative

Natural catastrophes had a EUR1.2 billion impact on the Property & Casualty segment, affecting the combined ratio.
The motor insurance segment in Spain and Portugal faces challenges due to persistent inflation, requiring further pricing adjustments.
The Life investment result is expected to be lower in 2025, with a projected EUR900 million, reflecting a conservative outlook.
The company faces challenges in the direct insurance segment in Italy, particularly with Genertel, impacting growth in motor policies.
The Solvency II ratio decreased to 214% at the start of the year, and the EUR500 million share buyback is not yet reflected in this ratio.

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Generali Group full year 2024 results presentation. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Fabio Cleva, Head of Investor and Rating Agencies Relations. Please go ahead, sir.

Fabio Cleva

Assicurazioni Generali SpA - Head of Investor and Rating Agency Relations

Hello, everyone, and thank you for joining our full year 2024 results call. Here with us today, we have our Group CEO, Philippe Donnet; the General Manager, Marco Sesana; the CEO of Insurance, Giulio Terzariol; and the Group CFO, Cristiano Borean. Before opening for Q&A, let me hand it over to Philippe for some opening remarks.

Philippe Donnet

Assicurazioni Generali SpA - Group Chief Executive Officer, Managing Director, Executive Director in Charge of the ICRMS

Thank you, Fabio. Good morning and thank you for attending our full year 2024 results call for which I'm joined by Cristiano, Giulio and Marco. Before

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.