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GENERALI GENERALI GROUP 2020 Results The like for like change of written premiums and life net cash inflows is on equivalent terms ( on equivalent exchange rates and consolidation area ) . Operating result , Asset Under Management and Life technical provisions exclude assets under disposals or disposed during the period . 2019 numbers for PVNBP , NBV and NBM are presented on historical basis , without excluding asset disposals . The like for like change are on equivalent terms .