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GENERALI 190 1831-2021 11/11/2021 PRESS RELEASE FINANCIAL INFORMATION AT 30 SEPTEMBER 20211 Generali confirms that it is fully on track to successfully complete the ' Generali 2021 ' strategic plan . Excellent profitability , with strong growth in premiums , operating and net results . Extremely solid capital position → > Strong increase in the operating result to € 4.4 billion ( + 10 % ) , thanks to the positive performance of the Life , Asset Management and Holding and other businesses segments . Resilient contribution from the P & C segment , despite the higher impact of natural catastrophe claims Gross written premiums increased to € 54.9 billion ( + 6.4 % ) , supported by both the Life segment ( + 6.5 % ) and the P & C segment ( + 6.2 % ) . Life net inflows grew to € 9.5 billion ( + 3 % ) , entirely focused on the unit - linked and protection lines . The Combined Ratio was 91.3 % ( +1.6 p.p. ) and the New Business Margin was excellent at 4.76 % ( +0.66 p.p. ) Net result rose by 74 % to reach € 2,250 million ( € 1,297 million 9M2020 ) ² → Solvency Ratio was extremely solid at 233 % ( 224 % FY2020 ) Generali Group CFO Cristiano Borean commented : " The results for the first nine months confirm the Group's excellent performance , technical profitability and solid trends across all businesses with one of the highest Solvency Ratios in the sector . Life net inflows , entirely focused on the unit - linked and protection lines of business , continue to rise , while the P & C segment remains resilient , despite the higher impact of natural catastrophe claims . The results of the Asset Management segment continue to grow , also thanks to our multi - boutique strategy . These results , which are fully in line with the successful completion of the ' Generali 2021 ' strategic plan , represent a solid foundation for the new three - year plan we will present to the market on 15 December . " Changes in premiums , Life net inflows and new business were presented in equivalent terms ( at constant exchange rates and consolidation scope ) . Changes in the operating result , own investments and Life technical provisions excluded any assets under disposal or disposed of during the same period of comparison . 2 The adjusted net result - defined as the net result without the impact of gains and losses related to disposals - was equal to the net result of the period , since the latter was not impacted by gains and losses related to disposals The 9M2020 adjusted net result amounted to € 1,479 million , which neutralised € 183 million resulting from the settlement agreement for the BSI disposal . In addition , excluding the one - off expense amounting to € 100 million ( € 77 million , net of taxes ) from the establishment of the Extraordinary International Fund for Covid - 19 and the € 94 million ( € 73 million , net of taxes ) expense arising from the liability management transaction , the 9M2020 adjusted net result amounted to € 1,629 million . Media Relations T +39.02.43535014 media@generali.com Investor Relations T +39.040.671402 ir@generali.com in Generali @GENERALI generaligroup GruppoGenerali www.generali.com