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Generali Q1 adjusted profit beats expectations at €1.27B

Generali reported Q1 adjusted net result of €1.27 billion, beating consensus expectations, driven by strong premium growth and operating profit.

Matthew King
ByMatthew King- Senior Editor
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Bond.az -- Assicurazioni Generali (BIT:GASI) on Thursday posted a first-quarter 2026 adjusted net result of €1.27 billion, beating a company-compiled analyst consensus average of €1.11 billion.

Gross written premiums rose 6.8% to €28.16 billion, above the consensus average of €27.73 billion. Life premiums were up 7.5% to €17.18 billion, and Property & Casualty premiums rose 5.8% to €10.97 billion.

The group operating result rose 8.1% to €2.24 billion, above the consensus average of €2.04 billion. Life operating profit grew 9.9% to €1.09 billion, and P&C operating profit increased 1.2% to €1.04 billion.

Asset & Wealth Management operating result rose 15.5% to €314 million, against a consensus average of €292 million.

The net result fell 2.2% to €1.17 billion, partly due to a one-off tax component in France. Excluding that item, adjusted net result growth would have been 9.3%.

Group CFO Cristiano Borean said the results confirm successful execution of the strategic plan, with strong growth across all segments.

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