Generali/2025/FY/Financial supplement: Difference between revisions

| style="text-align:left" | '''Adjusted net result ({{footnote: |1=Adjusted net result and EPS definitions include adjustments for: I)) volatility effects deriving from the valuation at fair value through profit or loss (FVTPL) of investments not backing portfolios with direct profit participation and the free assets II)) Hyperinflation effect under IAS 29 III)) amortisation of intangibles from M&A transactions (business combinations under IFRS (footnote: CSM presented net of reinsurance, taxes and minorities3) excluding those connected to brands, technology and bancassurance or equivalent distribution agreement, if material IV)) impact of gains and losses from acquisitions and disposals, including possible restructuring costs incurred during the first year from the acquisition, if material).}}'''

| style="text-align:left" | Adjusted EPS ({{footnote: |1=Adjusted EPS is equal to the ratio of Group adjusted net result, including interest expenses related to Restricted Tier 1 debt classified as shareholders’ equity, to the weighted average number of ordinary shares outstanding, net of weighted average treasury shares.)}}

| style="text-align:left" | Gross present value future cash-flows (PVFCF) ({{footnote: |1=Including any receivables, payables, policy loans and reinsurance deposits considered in insurance assets and liabilities).}}

| style="text-align:left" | Net contractual service margin (CSM) ({{footnote:|1=CSM Thepresented impact reflects the change implied by a 50 bps spread wideningnet of sovereign bonds issued byreinsurance, Eurotaxes areaand countriesminorities.)}}

|+ Gross written premium and reinsurance accepted breakdown by geography and line of business for fiscal years 2024 and 2025 ({{footnote: |1=Total Gross Written Premiums).}}

! class="col-s" style="text-align:right" | Traditional savingSaving

! class="col-s" style="text-align:right" | Protection & healthHealth

! class="col-s" style="text-align:right" | Hybrid & unitUnit linkedLinked

! colspan="2" style="text-align:center" | New businessBusiness valueValue

! colspan="2" style="text-align:center" | New businessBusiness marginMargin

| style="text-align:left" | Perimeter ({{footnote: |1=Including (re)insurance contracts that are assets).}}

|+ Life new business value and margin by geography and product type for fiscal years 2024 and 2025

! colspan="2" style="text-align:center" | New businessBusiness valueValue

! colspan="2" style="text-align:center" | New businessBusiness marginMargin

! colspan="2" style="text-align:center" | PVNBP weight traditionalTraditional savingSaving

! colspan="2" style="text-align:center" | PVNBP weight protectionProtection & healthHealth

! colspan="2" style="text-align:center" | PVNBP weight hybridHybrid & unitUnit linkedLinked

|+ Life new business value sensitivity by scenario for fiscal years 2024 and 2025

|+ Life new business margin sensitivity by scenario for fiscal years 2024 and 2025

|+ Contractual service margin (CSM) sensitivity by scenario for fiscal years 2024 and 2025

| style="text-align:left" | Euro area govies spread ({{footnote:|1=The Includingimpact equityreflects stakesthe ofchange Assicurazioniimplied Generaliby a 50 bps spread widening of insovereign itsbonds subsidiariesissued heldby inEuro AMarea funds)countries.}} +50 bps

| style="text-align:left" | Group holdings and other companies ({{footnote: |1=Including investment contracts, PAA, and potential LC).}}

|+ Combined ratio analysis for propertyProperty and casualty (P&C) operating ratio analysis for fiscal years 2024 and 2025

| style="text-align:left" | Group holdings and other companies ({{footnote: |1=The development of CSM here reported does not consider unwinding effect, future new business release contribution, CSM additional release due to the economic systematic variance.)}}

| style="text-align:left; padding-left:1.5em" | o/w Generali Group ({{footnote: |1=Including elimination of transactions between Generali Group companies in different geographic regions).}}

| style="text-align:left" | Perimeter changes ({{footnote: |1=Sensitivities representing impact before release.)}}

| style="text-align:left; padding-left:1.5em" | o/w Generali Group ({{footnote: |1=Elimination of transactions between Generali Group companies in different geographic regions were included in absolute values and excluded in ratios).}} ({{footnote:|1=Including Includesequity derivative accounted as liabilitiesstakes of €Assicurazioni 2.398Generali mlnin asits atsubsidiaries YEheld 2025 and of € 2,718 mln as atin YEAM 2024funds.)}}

| style="text-align:left" | Other revenues ({{footnote: |1=Mainly including dividends, net result from participations, and interest income).}}

| style="text-align:left" | Minorities adjusted ({{footnote: |1=Including minorities at affiliate level).}} ({{footnote: |1=MGG fully consolidated starting from October 2025).}}

| style="text-align:left; padding-left:1.5em" | o/w Generali Group ({{footnote: |1=Including Unit-Linked).}} ({{footnote:|1=Includes Thederivative foreseeableaccounted dividendas correspondsliabilities toof the€ proposed2.398 totalmln dividend,as subjectat toYE approval2025 byand of € 2,718 themln nextas Annualat GeneralYE Meeting2024.)}}

| style="text-align:left; padding-left:1.5em" | o/w on Generali Group AUM ({{footnote: |1=These KPIs exclude bond issuances classified as shareholders’ equities, such as RT1 bonds and AT1 bonds.)}}

| style="text-align:left" | '''Total financial debt ({{footnote: |1=Directly owned exposure only (before look-through).)}}'''

| style="text-align:left" | '''Average maturity (FYears) ({{footnote: |1=Including Private Equity.)}}'''

| style="text-align:left" | '''Total interest cost ({{footnote: |1=Government bonds comprises Sovereign, Agencies, State & Local notes and other Government Guaranteed notes.)}}'''

| style="text-align:left" | Government bonds ({{footnote: |1=Not included within General account investments.)}}

| style="text-align:left" | Cash & cash-like ({{footnote: |1=Conning Holdings Limited (“CHL”) fully consolidated starting from April 2024).}}

| style="text-align:left" | Other investments (3){{footnote|1=The foreseeable dividend corresponds to the proposed total dividend, subject to approval by the next Annual General Meeting.}}

| style="text-align:left" | Third parties AUM ({{footnote: |1=The amount presented in the item does not include € 440 mln at YE 2025, and € 447 mln at YE 2024, attributable to minority interests related to funds consolidated using the line by line consolidation method, already included within the General Account item.)}}

|+ Investment income summary by group, life, and property & casualty for year end 2024 and year end 2025 ({{footnote: |1=In P&C, excluding Argentina on a like for like basis, Fixed Income generated current returns for 1,104 Mln (3.2%) in FY25 compared with 1,001 Mln (3.0%) in FY24, while the total portfolio generated current returns for 1,777 Mln (3.7%) in FY25 versus 1,644 Mln (3.5%) in FY24.)}}

| style="text-align:left" | Government bonds ({{footnote: |1=The solvency position (Own Funds and SCR) disclosed here is based on the last available information. Differences may arise in comparison to the official values, which will be included in the 2025 Solvency and Financial Condition Report (SFCR) and Quantitative Reporting Templates (QRT).)}}

| style="text-align:left" | Cash & cash-like ({{footnote: |1=Includes repurchase agreement accounted as liabilities of € 3,779 mln as at YE 2025 and of € 4,231 mln as at YE 2024.)}}

| style="text-align:left" | Fair value through OCI ({{footnote: |1=Without recycling to P&L.)}}

|+ Duration of government bonds by life and P&C for fiscal year 2025 ({{footnote: |1=CORPORATE BOND).}}

|+ Duration of corporate bonds by life and P&C for fiscal year 2025 ({{footnote: |1=OTHER FIXED INCOME).}} ({{footnote: |1=Split by nature).}}

| style="text-align:left" | Euro area govies spread +50 bps ({{footnote: |1=The impact reflects the change in the Solvency Ratio implied by a 50 bps spread widening of sovereign bonds issued by Euro area countries.)}}