Generali has recorded strong performance for the first quarter of 2026, driven by robust growth across its life, P&C, and asset & wealth management segments.
Gross written premiums stood at EUR28.2bn ($30.7bn), up 6.8% year-on-year, driven by both life (+7.5%) and P&C (+5.8%). In the life segment, premiums increased to EUR17.2bn, with traditional savings products delivering particularly strong momentum, rising 21.8%, largely supported by growth in Asia.
The insurer also recorded continued positive life net inflows of EUR4.3bn, supported by all business lines. New Business Value rose to EUR977m, reflecting a 19.1% increase.
Generali’s operating result increased to EUR2.2bn, up 8.1%, with all segments contributing positively. The combined ratio (CoR) stood at 90.5%, while the undiscounted combined ratio reached 93.1%, both slightly impacted by natural catastrophe events.
The adjusted net result increased to EUR1.3bn, up 5.2%, or 9.3% excluding a one-off tax component. Adjusted earnings per share rose to EUR0.84. Generali maintained a strong capital position, with a solvency ratio of 212%, compared with 219% at the end of FY2025.
Group CFO Cristiano Borean said the results reflect successful execution of the “Lifetime Partner 27: Driving Excellence” strategy, adding that the group remains focused on sustainable value creation supported by a strong balance sheet and diversified cash generation.