Morning NewsGenerali with Good Dividend and Solvency II Ratio
Generali Assicurazioni closed 2020 with a record operating result for the second consecutive year, reaching €5.208 billion, up from €5.192 billion in 2019, considering that the impact of Covid-19 is estimated at 123 million. The Group's gross premiums amounted to €70.704 billion, showing a slight growth compared to the previous year (+0.5%), thanks to the contribution of the life segment. Net income was €1.744 billion (€2.670 billion in 2019), impacted by €332 million in liability management, the contribution to the extraordinary international fund for Covid-19 and divestments, and €287 million in investment write-offs, mainly in the first half of 2020.