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

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''Generali FY2025 financial supplement.''
 
== 1. Summary P&L ==
 
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* <sup>(2)</sup> 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.
 
== 2. Summary P&L Segment ==
 
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== 3. Summary BS ==
 
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* <sup>(3)</sup> CSM presented net of reinsurance, taxes and minorities
 
== 4. Volumes ==
 
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|-
! style="text-align:left" | EUR million
! 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
|-
| style="text-align:left" | '''Total group'''
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== 5. Life New Business ==
 
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{| class="wikitable fintable"
|+ Life new business value and margin time series by product type for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! colspan="2" style="text-align:center" | PVNBP
! colspan="2" style="text-align:center" | New Businessbusiness Valuevalue
! colspan="2" style="text-align:center" | New Businessbusiness Marginmargin
|-
! style="text-align:left" | —
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{| class="wikitable fintable"
|+ Life new business premiums timeby seriestype for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! colspan="2" style="text-align:center" | Group
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{| class="wikitable fintable"
|+ Life new business value and margin time series by geography and product type for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! colspan="2" style="text-align:center" | PVNBP
! 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
|-
! style="text-align:left" | —
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{| class="wikitable fintable"
|+ Life new business value sensitivity by scenario for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | YE 2024
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{| class="wikitable fintable"
|+ Life new business margin sensitivity by scenario for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | YE 2024
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== 6. Life CSM ==
 
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{| class="wikitable fintable"
|+ Contractual service margin (CSM) stock, new business CSM, and CSM releasebreakdown by geography for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! style="text-align:center" | CSM stock
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{| class="wikitable fintable"
|+ Insurance contracts issued breakdown by maturity for fiscal year 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | Up to 1 year
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{| class="wikitable fintable"
|+ Contractual service margin (CSM) sensitivity toby marketeconomic movementsscenario for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | YE 2024
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* <sup>(3)</sup> The impact reflects the change implied by a 50 bps spread widening of sovereign bonds issued by Euro area countries.
 
== 7. Life Operating ==
 
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* <sup>(1)</sup> Including elimination of transactions between Generali Group companies in different geographic regions
 
== 8. P&C Operating ==
 
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{| class="wikitable fintable"
|+ Property and casualty (P&C) operating result build-up for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! colspan="2" style="text-align:center" | Group
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{| class="wikitable fintable"
|+ Property and casualty (P&C) combined operatingratio ratiosanalysis for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | YE 2024
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* <sup>(1)</sup> Elimination of transactions between Generali Group companies in different geographic regions were included in absolute values and excluded in ratios
 
== 9. Asset Management ==
 
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! style="text-align:center" |
! style="text-align:center" | Pro-forma with 12 months of CHL
! style="text-align:center" | Exclexcl. MGG
|-
! style="text-align:left" | —
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{| class="wikitable fintable"
|+ Asset management averagekey AUM and ratiosmetrics for fiscal years 2024 and 2025
! style="text-align:left" | EUR billion
! style="text-align:center" |
! style="text-align:center" |
! style="text-align:center" | Pro-forma w/ 12 months of CHL
! style="text-align:center" | Exclexcl. MGG
|-
! style="text-align:left" | —
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* <sup>(6)</sup> MGG fully consolidated starting from October 2025
 
== 10. Capitalisation and Debt ==
 
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{| class="wikitable fintable"
|+ Financial debt andbreakdown costby time seriestype for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | YE 2024
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{| class="wikitable fintable"
|+ Financial debt maturity breakdownschedule by type for fiscal year 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | Senior
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* <sup>(1)</sup> These KPIs exclude bond issuances classified as shareholders’ equities, such as RT1 bonds and AT1 bonds.
 
== 11. Investments Summary ==
 
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{| class="wikitable fintable"
|+ Total investments breakdown by typeasset class and segment for fiscal years 2024 and 2025
! style="text-align:left" | EUR million
! colspan="2" style="text-align:center" | Group
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! colspan="2" style="text-align:center" | o/w Life VFA
! colspan="2" style="text-align:center" | o/w Life other than VFA
! colspan="2" style="text-align:center" | Property & Casualtycasualty
! colspan="2" style="text-align:center" | Asset & Wealthwealth Managementmanagement
! colspan="2" style="text-align:center" | Holding and other businesses
! colspan="2" style="text-align:center" | Consolidation
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| style="text-align:right" | -3,197
|-
| style="text-align:left" | '''Total investments - Generalgeneral account'''
| style="text-align:right" | '''373,065'''
| style="text-align:right" | '''380,057'''
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{| class="wikitable fintable"
|+ Investment income breakdownsummary by segmentgroup, life, and typeproperty & casualty for fiscalyear yearsend 2024 and year end 2025
! style="text-align:left" | EUR million
! colspan="2" style="text-align:center" | Group
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* <sup>(5)</sup> 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.
 
== 12. Investments by Acc Treatment ==
 
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{| class="wikitable fintable"
|+ Investments breakdown by accounting treatment, group, life, and segmentP&C for fiscalyear yearsend 2024 and year end 2025
! style="text-align:left" | EUR million
! colspan="6" style="text-align:center" | Group
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* <sup>(3)</sup> Includes derivative accounted as liabilities of € 2.398 mln as at YE 2025 and of € 2,718 mln as at YE 2024.
 
== 13. Investments Focus Equity ==
 
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{| class="wikitable fintable"
|+ Equities breakdown by accountingamortised treatmentcost and fair value for fiscal year 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | Amortised cost
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* <sup>(2)</sup> Without recycling to P&L.
 
== 14. Investments Focus Fixed Income ==
 
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{| class="wikitable fintable"
|+ Government bonds breakdown by accountingamortised treatmentcost and fair value for fiscal year 2025
! style="text-align:left" | EUR million
! class="col-s" style="text-align:right" | Amortised cost
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== 15. Investments Focus Real Estate ==
 
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== 16. Solvency II ==
 
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