General: in 2015 net profit rises 21.6% to EUR 2 billion – Il Sole 24 Ore

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This article was published March 18, 2016 at 8:18.

the Generali group closed 2015 with a net profit of 2 billion Euros, an increase of 21.6% compared to 2014. the result – a precise note- He has returned to pre-crisis levels. Net income and coupon (0.72 euro, an increase of 20%) “are the best of the last eight years.” Premium income totaled 74.1 billion euro (+ 4.6%), driven by the life segment (+ 6.2% to 53.3 billion) and with a recovery in damage (+ 0.8% at 20 , 8000000000). The group’s operating profit reached 4.78 billion, an increase of 6.1%, driven in particular by the non-life segment (+ 8.5%). The operating return on equity rose to 14% from 13.2% in 2014. The combined ratio improved to 93.1% (-0.6 points).

The dividend on 2015 to be proposed at the next meeting of shareholders of Generali’s 0.72 euro per share, an increase of 12 cents per share (+ 20%) than last year (0.60 euro). As precise a note of the Generali Group, the payout ratio stood at 55.3% from 55.9% in 2014. The total dividend on shares outstanding amounted to 1,123,000. The dividend will be payable from 25 May 2016.

“Despite the difficult macroeconomic environment and high volatility of the financial markets, in 2016 the Generali Group will continue to pursue the strategic actions of the new stage of development, confirming the objective of operating ROE of over 13%, and improving shareholder remuneration in line with the strategic plan presented to the market. ” It indicates the note of the Generali Group on 2015 accounts about Outlook for the current year.

The Economic Solvency of the Generali Group at the end of 2015 stood at 202%, an improvement of 16 points the percentages by 186% in 2014. the ratio – make a statement – is calculated according to the principles of Solvency II, applying the internal model to the entire perimeter of the group and even after including the proposed dividend. From a regulatory point of view, on March 8, the Group received dall’Ivass approval to use, with effect from January 1, 2016, the partial internal model for all companies included in the application process, while the remaining will be initially used the Standard Formula. This calculation model originates the Regulatory Solvency Ratio, which stood at 175%. The group “is working with regulatory authorities to expand the internal model, aiming essentially to have by the end of the process all relevant business units within the perimeter. It is therefore expected that the Regulatory Solvency Ratio converges towards the Economic Solvency Ratio hand in hand with the completion of the application process of expanding the internal model. “

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