In 2025, Generali posted adjusted net profit up 14.5% to a record €4.31bn. Adjusted earnings per share rose sharply to €2.85 (+16.2%). Over the period, operating profit increased 9.7% to €8bn, a record driven by standout performance in the property and casualty segment (P&C, +20%). The life and asset & wealth management segments posted gains of 4.3% and 1.5%, respectively.
Gross written premiums at the Italian insurer rose 3.6% to nearly €98.12bn, led by the P&C segment (+7.6%),
At the same time, net inflows in life stood out as among the best in the sector, up 42.5% to €13.5bn. Growth was driven by health & protection, multi-asset savings products, and unit-linked products. New business value increased to €3.1bn (+6.2%).
"Our record results in 2025 mark a very successful year in our 'Lifetime Partner 27: Driving Excellence' plan and confirm the ongoing value creation for all our stakeholders," CEO Philippe Donnet said.
In line with its distribution commitments, Generali will propose a dividend increase of 14.7% to €1.64 per share for 2025. The group will also launch a €500m share buyback program during 2026.
Founder of HLD Europe SCA and HLD Associés SA, Philippe Donnet is a French businessperson who has been at the helm of 13 different companies and currently is Chairman of Generali Services Pte Ltd., Chief Executive Officer, MD & Executive Director at Assicurazioni Generali SpA, Chairman of Alleanza Assicurazioni SpA, Chairman for Genagricola SpA and Chairman of Generali Italia SpA (which are all subsidiaries of Assicurazioni Generali SpA) and Chief Executive Officer for AXA Canada, Inc. Philippe Donnet is also on the board of The Geneva Association, Financière Miro SAS and Fondazione Generali The Human Safety Net Onlus and Chairman of MIB Trieste School of Management, Member of Institut des Actuaires Français and Member-General Council at Giorgio Cini Foundation.
Mr. Donnet previously occupied the position of Member-Supervisory Board at Vivendi SA, Managing Director-Asia Pacific Region at Wendel SE and Director-Investments at Wendel SE (Private Equity) (a subsidiary of Wendel SE), Manager of Winvest Conseil SARL, Chief Executive Officer-Asia Pacific Region at AxA Group SRL, Chairman for GenertelLife SpA, Chairman & Chief Executive Officer for AXA Life Insurance Co., Ltd., Chairman & Chief Executive Officer of AXA Japan Holding Co., Ltd., Chief Executive Officer at AXA Italia SpA, Chief Executive Officer of AXA Ré SA and Sales Director at Maisons Phenix SA.
He received an undergraduate degree from Ecole Polytechnique and an undergraduate degree from Institut des Actuaires Français.
Assicurazioni Generali S.p.A. is the largest Italian insurance group. Revenues break down by activity as follows:
- life insurance (62.9%);
- non-life insurance (37.1%): automobile insurance, commercial and industrial, personal, and accident-health.
The group also develops asset management activities (EUR 899.9 billion of assets managed at the end of 2025), bank management (Banca Generali) and real estate management.
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