The document provides financial results for Generali Group for the first quarter of 2015. Key highlights include:
- Operating result increased 6% to €1.326 billion driven by an 8% increase in the Life business.
- Net result grew 10% like-for-like to €682 million.
- Shareholders' equity increased 12.5% to €26.098 billion due to unrealized gains and the net result.
- Solvency I ratio strengthened to 168% from 156% at the end of 2014.
Generali Group reported its 2015 first half results. Operating result increased 11% to €2.8 billion driven by growth in both life and P&C businesses. Net result grew 22% to €1.3 billion due to improved operating performance and lower interest expenses. Shareholders' equity was stable at €23.3 billion. The economic solvency ratio improved 14 percentage points to 200% reflecting positive operating returns and economic variances. Life insurance saw a 13% increase in operating result to €1.7 billion from strong investment income and technical margins, while gross written premiums grew 11% and net inflows increased 38.5%.
- The Generall Group reported a net income of €1.7 billion for the first nine months of 2015, surpassing the full year 2014 result. The operating result continued to increase thanks to improved performance in both the Life and P&C businesses.
- The Life business saw an increase in operating result despite weaker market conditions, driven by higher technical margins and investment income. Strong net inflows were achieved especially in unit-linked products.
- For P&C, the combined ratio further improved to 92.7% despite higher natural catastrophe losses, leading to a 4.8% increase in the operating result.
The document summarizes Generali Group's 1Q 2016 financial results. Key highlights include:
- Operating result decreased 12.3% to €1,163 million due to lower realized investment gains.
- Net result decreased 13.8% to €588 million, following the trend of the operating result.
- Shareholders' equity increased 5.8% to €24.9 billion due to higher unrealized gains and the quarter's result.
- Solvency II ratio (internal model view) was 188%, down from 202% at year-end 2015.
Generali Group Results at 31 December 2015Generali
The document summarizes the 2015 financial results of Generali Group. Key points include:
- Operating result increased 6.1% to €4.785 billion driven by improved property and casualty underwriting results.
- Operating return on equity was 14%, above the 13% target.
- Net profit increased 21.6% to €2.03 billion from both operating and non-operating performance.
- Solvency II ratio under the internal model was 202%, up from 186% in 2014 due to strong organic capital generation.
The document summarizes Generali Group's 2016 first half results. Key highlights include:
- Operating result decreased 10.5% to €2.487 billion mainly due to lower investment gains.
- Net result decreased 9.9% to €1.178 billion.
- Life operating result decreased 3.5% to €1.653 billion due to lower investment gains, partly offset by improving technical margins and expenses.
- P&C combined ratio improved slightly to 92.3% from 92.6%.
The document provides an agenda and introductory remarks from an investor day presentation by Generali. The agenda outlines presentations from the Group CEO, Group CMO, Group COO, and Group CFO. In his introductory remarks, the Group CEO discusses how Generali delivered on initial turnaround priorities one year early by addressing organizational issues, restoring its capital position, and embedding operational discipline. He then outlines how the company's financial performance has been revived in terms of profitability, capitalization, and dividends. The Group CEO indicates Generali has started developing a new strategy and 3-year business plan internally since the end of 2014.
Leverage
partnerships
Ambition by 2018
~30bps reduction of average portfolio guarantee to 1.5%
+6p.p. capital-light reserves as % of total
Combined Ratio: further improve outperformance vs peers
+2-4% Non-motor GWP CAGR from 2016 to 2018
Enhance pricing sophistication, strengthen non-motor, leverage claims excellence
Single Group IoT Hub launched in 2 countries
Exclusive agreement with Discovery in Continental Europe on Digital Innovation
Joint R&D on Motor telematics with Progressive
Partnership on Digital Innovation with Anthropic
Industrial Liaison Program with MIT
Execution will make the difference
The company reported strong financial results for fiscal year 2015 with total operating result increasing 15.2% to €4.5 billion driven by excellent performances in both its Property & Casualty and Life business segments. Net income rose 17% to €1.7 billion despite €0.4 billion in extraordinary one-time charges. Premiums were up 7.7% to €70.4 billion due to new product launches and business initiatives while the solvency ratio was maintained at a healthy 164%. The company also increased its dividend per share by 33% and saw net equity rise 15% to €23.2 billion.
Generali Group reported its 2015 first half results. Operating result increased 11% to €2.8 billion driven by growth in both life and P&C businesses. Net result grew 22% to €1.3 billion due to improved operating performance and lower interest expenses. Shareholders' equity was stable at €23.3 billion. The economic solvency ratio improved 14 percentage points to 200% reflecting positive operating returns and economic variances. Life insurance saw a 13% increase in operating result to €1.7 billion from strong investment income and technical margins, while gross written premiums grew 11% and net inflows increased 38.5%.
- The Generall Group reported a net income of €1.7 billion for the first nine months of 2015, surpassing the full year 2014 result. The operating result continued to increase thanks to improved performance in both the Life and P&C businesses.
- The Life business saw an increase in operating result despite weaker market conditions, driven by higher technical margins and investment income. Strong net inflows were achieved especially in unit-linked products.
- For P&C, the combined ratio further improved to 92.7% despite higher natural catastrophe losses, leading to a 4.8% increase in the operating result.
The document summarizes Generali Group's 1Q 2016 financial results. Key highlights include:
- Operating result decreased 12.3% to €1,163 million due to lower realized investment gains.
- Net result decreased 13.8% to €588 million, following the trend of the operating result.
- Shareholders' equity increased 5.8% to €24.9 billion due to higher unrealized gains and the quarter's result.
- Solvency II ratio (internal model view) was 188%, down from 202% at year-end 2015.
Generali Group Results at 31 December 2015Generali
The document summarizes the 2015 financial results of Generali Group. Key points include:
- Operating result increased 6.1% to €4.785 billion driven by improved property and casualty underwriting results.
- Operating return on equity was 14%, above the 13% target.
- Net profit increased 21.6% to €2.03 billion from both operating and non-operating performance.
- Solvency II ratio under the internal model was 202%, up from 186% in 2014 due to strong organic capital generation.
The document summarizes Generali Group's 2016 first half results. Key highlights include:
- Operating result decreased 10.5% to €2.487 billion mainly due to lower investment gains.
- Net result decreased 9.9% to €1.178 billion.
- Life operating result decreased 3.5% to €1.653 billion due to lower investment gains, partly offset by improving technical margins and expenses.
- P&C combined ratio improved slightly to 92.3% from 92.6%.
The document provides an agenda and introductory remarks from an investor day presentation by Generali. The agenda outlines presentations from the Group CEO, Group CMO, Group COO, and Group CFO. In his introductory remarks, the Group CEO discusses how Generali delivered on initial turnaround priorities one year early by addressing organizational issues, restoring its capital position, and embedding operational discipline. He then outlines how the company's financial performance has been revived in terms of profitability, capitalization, and dividends. The Group CEO indicates Generali has started developing a new strategy and 3-year business plan internally since the end of 2014.
Leverage
partnerships
Ambition by 2018
~30bps reduction of average portfolio guarantee to 1.5%
+6p.p. capital-light reserves as % of total
Combined Ratio: further improve outperformance vs peers
+2-4% Non-motor GWP CAGR from 2016 to 2018
Enhance pricing sophistication, strengthen non-motor, leverage claims excellence
Single Group IoT Hub launched in 2 countries
Exclusive agreement with Discovery in Continental Europe on Digital Innovation
Joint R&D on Motor telematics with Progressive
Partnership on Digital Innovation with Anthropic
Industrial Liaison Program with MIT
Execution will make the difference
The company reported strong financial results for fiscal year 2015 with total operating result increasing 15.2% to €4.5 billion driven by excellent performances in both its Property & Casualty and Life business segments. Net income rose 17% to €1.7 billion despite €0.4 billion in extraordinary one-time charges. Premiums were up 7.7% to €70.4 billion due to new product launches and business initiatives while the solvency ratio was maintained at a healthy 164%. The company also increased its dividend per share by 33% and saw net equity rise 15% to €23.2 billion.
Generali Group reported its 2017 first half results. Key highlights included:
- Operating result increased 4.1% to €2.588 billion due to higher fees from Banca Generali and asset management and excellent P&C performance.
- Net result rose 3.7% to €1.221 billion mainly from improved operating performance.
- Solvency II ratio increased to 188% on a regulatory view and 207% on an internal model view, strengthened by capital generation and positive financial markets.
Generali held an Investor Day on November 19, 2014 in London to present on progress towards its 2015 targets. The company is ahead of schedule on key targets of increasing operating ROE to over 13% and Solvency I ratio above 160%. Cost savings and technical excellence initiatives are on track to deliver planned benefits. Generali has already achieved its capital targets through disposals, retained earnings and financial markets. The presentations covered Generali's business in Italy, France, Germany and Central and Eastern Europe and demonstrated progress in each market.
- Generali Group reported strong financial results for 2014, exceeding targets for operating ROE and Solvency I ratio.
- Net income increased 21.6% excluding one-off items, driven by excellent operating performance in Life and P&C.
- The Solvency I ratio reached 156% at year-end and is pro-forma estimated at 164% following the agreed disposal of BSI.
- Based on results, Generali is proposing a 33% increase in dividend to €0.60 per share.
Generali: How We Cut Insurance Quote Preparation by 60%Bizagi
Generali CEE Holding comprises businesses in 14 countries and is among the most important insurance providers in Central and Eastern Europe. In this quick overview, Jan Marek & Martin Stepanek of Generali CEE Holding explain how the leap to electronic, automated systems enabled them to achieve impressive ROI including reduction in quote preparation by 60%. Learn why the principles of data-centricity, reuse and agility were key to a Group-wide initiative that has seen BPM delivered in 4 countries and 5 languages - all with a system that cost just 50% of competitor systems.
Generali Group reported its 1Q 2014 results. Operating result was stable at €1.296 billion compared to 1Q 2013. Net result increased 9.4% to €660 million mainly due to improved non-operating investment results. Shareholders' equity rose 9.9% to €21.741 billion and Solvency I ratio increased 11 percentage points to 152% due to net income and financial market developments. Life insurance operating result was stable at €779 million despite a challenging low yield environment. P&C insurance operating result increased 3.7% to €516 million from higher technical and investment results.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
Ageas is a listed international insurance Group with a heritage spanning 190 years.
It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow.
As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.
Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 40,000 people and reported annual inflows close to EUR 30 billion in 2015 (all figures at 100%).
3M results 2015 - Presentation Analysts and Institutional InvestorsAgeas
Ageas reported solid results for the first quarter of 2015. Insurance net profit increased 37% to EUR 198 million, driven by growth in both life and non-life segments. Gross inflows also increased 28% to EUR 9.9 billion. The group's net profit was EUR 241 million and shareholders' equity rose to EUR 11.9 billion. Insurance solvency increased to 222% and Ageas approved a gross cash dividend of EUR 1.55 per share to be paid.
- Ageas reported higher insurance profits of EUR 737 million for 2014, a 13% increase over 2013, with net profits of EUR 476 million, down 16%.
- Total insurance inflows grew 11% to EUR 25.8 billion in 2014, with strong growth in life insurance inflows in emerging markets.
- The group's combined insurance ratio was 99.6% for 2014, impacted by adverse weather and disappointing performance in some product lines.
Ageas is an international insurance group with a heritage spanning 190 years. Present in 13 countries across Europe and Asia, the company offers Life and Non-Life solutions to millions of Retail and Business customers.
Ageas helps customers to manage, anticipate and insure their risks through a wide range of products designed for their needs both today and in the future. Distinguished by an expertise in partnerships, Ageas has developed long term agreements with market-leading local financial institutions and distributors around the world allowing it to stay close to the customer.
As one of Europe’s larger insurance companies, Ageas is the No.1 insurer in Belgium and ranks among the market leaders in most of the countries in which it operates. With a total workforce of more than 40,000 people (including the non-consolidated partnerships), Ageas is present in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines.
In 2015 Ageas reported annual inflows close to EUR 30 billion (at 100%). Ageas is listed on Euronext Brussels and is included in the BEL20 index.
Investor Day 2015 - A smooth transition to Solvency IIAgeas
This document discusses Ageas's transition to Solvency II reporting. It provides an overview of key differences between Solvency I and Solvency II, including the move to a market consistent valuation approach and risk-based capital requirements under Solvency II. The document then summarizes Ageas's results under the Solvency II standard formula, including the group's Solvency II ratio of 177% for fiscal year 2014. Bridges are presented showing the adjustments made to translate IFRS equity into Solvency II own funds.
This document provides a summary of Altran's 2009 results and key events. It discusses:
- The difficult market environment in 2009 with a 40% drop in the automotive business.
- Altran's contrasted results across regions, with resilience in Southern Europe but impacts in North regions.
- Key events including staff reductions, indirect cost savings of €68.6M, and strengthening of the financial position.
- 2009 revenues of €1.4B, down 11.3% organically, with a net loss impacted by restructuring costs and goodwill write-offs.
9M results 2014 - Presentation Analysts and institutional investorsAgeas
- The insurance company posted strong results for the first nine months of 2014, with net insurance profit of EUR 579 million, up 16% from the same period in 2013. The third quarter was particularly positive, with net insurance profit of EUR 239 million.
- Shareholders' equity reached almost EUR 10 billion, up from EUR 8.5 billion at the end of 2013, driven by the positive insurance results. Insurance solvency was 214% and group solvency was 206%.
- The life and non-life insurance segments both performed well. Life operating margins and non-life combined ratios improved. Inflows increased 10% overall and 8% in the third quarter alone.
6M Results 2015 - Presentation Analysts and Institutional InvestorsAgeas
- Ageas reported strong first half 2015 results, with net insurance profit up 48% to EUR 504 million driven by strong performance in Asian life and European non-life insurance.
- Total insurance inflows grew 21% to EUR 16.6 billion, with non-life combined ratio improving to 95.2% from 102% previously.
- Shareholders' equity increased to EUR 11.1 billion, with unrealized gains of EUR 2.9 billion. Ageas also announced a new EUR 250 million share buyback program.
This document summarizes the financial results of Ageas for the first half of 2013. Some key points:
- Insurance net profit was EUR 329 million, up 9% from the first half of 2012, driven by better non-life results.
- Group net profit was EUR 472 million, up 55% from the first half of 2012, with contributions from both insurance and the general account.
- Insurance solvency remained stable at 206% while shareholders' equity was impacted by changes in unrealized gains and losses.
- The general account net result was EUR 143 million, driven by transactions related to an RPI agreement and call option.
The document summarizes financial results for 9M 2015. Key points include:
- Gross inflows were up 17% to EUR 22.8 billion driven by growth in Asia.
- Net insurance profit was up 6% to EUR 613 million, though the Q3 result was impacted by losses from equity impairments.
- The non-life combined ratio improved significantly.
- Shareholders' equity increased 7% to EUR 10.9 billion.
Ageas reported mixed financial results for 3M 2014. Insurance net profit decreased 8% to EUR 145 million due to adverse weather impacts in the UK. Group net profit fell 90% to EUR 30 million due to a non-cash charge related to remaining legacy portfolios. Life results were strong with margins and inflows up, while non-life performance was below 100% when adjusted for weather effects. Insurance solvency increased to 209% and shareholders' equity rose 6% to EUR 8.996 billion mainly from higher unrealised investment gains.
- Ageas posted solid 6M 2014 insurance results, with an insurance net profit of EUR 340 million (+3%) despite floods and storms negatively impacting the non-life business.
- The group net result was EUR 31 million, down 93% due to a EUR 309 million loss in the general account from legacy issues and a EUR 130 million provision related to the FortisEffect case.
- Shareholders' equity increased to EUR 9.2 billion, with insurance solvency at 208% and group solvency at 203%.
Generali's first half 2016 results showed a net profit of €1.2 billion despite weak financial markets impacting life insurance premiums. Gross written premiums were €37 billion and operating return on equity was 12.9%, while the economic solvency ratio remained strong at 188%.
Generali reported its annual results for 2016, with net profit of €2.1 billion, up 2.5% from the previous year and representing the company's best performance ever. The company's net operating result was €4.8 billion, a 0.9% increase, and it proposed an 11.1% higher dividend per share of €0.8. Generali also maintained a strong capital position with an economic solvency ratio of 194%.
The document is an earnings presentation from Generali Group for 9M 2014 results. Some key highlights include:
- Operating result increased 12.8% to €3.677 billion driven by strong performances across life, P&C, and other business segments.
- Net income was stable at €1.588 billion reflecting gains in the prior year from discontinued operations.
- Solvency I ratio improved significantly to 160% from 141% due to successful bond placement and financial market performance.
In Property & Casualty Business Allianz Italy had a strong performance in a declining market, continuing gaining market share.
Good top-line growth in motor offset by non-motor. Direct business continues growing at double-digit rate.
Generali Group reported its 2017 first half results. Key highlights included:
- Operating result increased 4.1% to €2.588 billion due to higher fees from Banca Generali and asset management and excellent P&C performance.
- Net result rose 3.7% to €1.221 billion mainly from improved operating performance.
- Solvency II ratio increased to 188% on a regulatory view and 207% on an internal model view, strengthened by capital generation and positive financial markets.
Generali held an Investor Day on November 19, 2014 in London to present on progress towards its 2015 targets. The company is ahead of schedule on key targets of increasing operating ROE to over 13% and Solvency I ratio above 160%. Cost savings and technical excellence initiatives are on track to deliver planned benefits. Generali has already achieved its capital targets through disposals, retained earnings and financial markets. The presentations covered Generali's business in Italy, France, Germany and Central and Eastern Europe and demonstrated progress in each market.
- Generali Group reported strong financial results for 2014, exceeding targets for operating ROE and Solvency I ratio.
- Net income increased 21.6% excluding one-off items, driven by excellent operating performance in Life and P&C.
- The Solvency I ratio reached 156% at year-end and is pro-forma estimated at 164% following the agreed disposal of BSI.
- Based on results, Generali is proposing a 33% increase in dividend to €0.60 per share.
Generali: How We Cut Insurance Quote Preparation by 60%Bizagi
Generali CEE Holding comprises businesses in 14 countries and is among the most important insurance providers in Central and Eastern Europe. In this quick overview, Jan Marek & Martin Stepanek of Generali CEE Holding explain how the leap to electronic, automated systems enabled them to achieve impressive ROI including reduction in quote preparation by 60%. Learn why the principles of data-centricity, reuse and agility were key to a Group-wide initiative that has seen BPM delivered in 4 countries and 5 languages - all with a system that cost just 50% of competitor systems.
Generali Group reported its 1Q 2014 results. Operating result was stable at €1.296 billion compared to 1Q 2013. Net result increased 9.4% to €660 million mainly due to improved non-operating investment results. Shareholders' equity rose 9.9% to €21.741 billion and Solvency I ratio increased 11 percentage points to 152% due to net income and financial market developments. Life insurance operating result was stable at €779 million despite a challenging low yield environment. P&C insurance operating result increased 3.7% to €516 million from higher technical and investment results.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
Ageas is a listed international insurance Group with a heritage spanning 190 years.
It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow.
As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.
Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 40,000 people and reported annual inflows close to EUR 30 billion in 2015 (all figures at 100%).
3M results 2015 - Presentation Analysts and Institutional InvestorsAgeas
Ageas reported solid results for the first quarter of 2015. Insurance net profit increased 37% to EUR 198 million, driven by growth in both life and non-life segments. Gross inflows also increased 28% to EUR 9.9 billion. The group's net profit was EUR 241 million and shareholders' equity rose to EUR 11.9 billion. Insurance solvency increased to 222% and Ageas approved a gross cash dividend of EUR 1.55 per share to be paid.
- Ageas reported higher insurance profits of EUR 737 million for 2014, a 13% increase over 2013, with net profits of EUR 476 million, down 16%.
- Total insurance inflows grew 11% to EUR 25.8 billion in 2014, with strong growth in life insurance inflows in emerging markets.
- The group's combined insurance ratio was 99.6% for 2014, impacted by adverse weather and disappointing performance in some product lines.
Ageas is an international insurance group with a heritage spanning 190 years. Present in 13 countries across Europe and Asia, the company offers Life and Non-Life solutions to millions of Retail and Business customers.
Ageas helps customers to manage, anticipate and insure their risks through a wide range of products designed for their needs both today and in the future. Distinguished by an expertise in partnerships, Ageas has developed long term agreements with market-leading local financial institutions and distributors around the world allowing it to stay close to the customer.
As one of Europe’s larger insurance companies, Ageas is the No.1 insurer in Belgium and ranks among the market leaders in most of the countries in which it operates. With a total workforce of more than 40,000 people (including the non-consolidated partnerships), Ageas is present in Belgium, the UK, Luxembourg, France, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines.
In 2015 Ageas reported annual inflows close to EUR 30 billion (at 100%). Ageas is listed on Euronext Brussels and is included in the BEL20 index.
Investor Day 2015 - A smooth transition to Solvency IIAgeas
This document discusses Ageas's transition to Solvency II reporting. It provides an overview of key differences between Solvency I and Solvency II, including the move to a market consistent valuation approach and risk-based capital requirements under Solvency II. The document then summarizes Ageas's results under the Solvency II standard formula, including the group's Solvency II ratio of 177% for fiscal year 2014. Bridges are presented showing the adjustments made to translate IFRS equity into Solvency II own funds.
This document provides a summary of Altran's 2009 results and key events. It discusses:
- The difficult market environment in 2009 with a 40% drop in the automotive business.
- Altran's contrasted results across regions, with resilience in Southern Europe but impacts in North regions.
- Key events including staff reductions, indirect cost savings of €68.6M, and strengthening of the financial position.
- 2009 revenues of €1.4B, down 11.3% organically, with a net loss impacted by restructuring costs and goodwill write-offs.
9M results 2014 - Presentation Analysts and institutional investorsAgeas
- The insurance company posted strong results for the first nine months of 2014, with net insurance profit of EUR 579 million, up 16% from the same period in 2013. The third quarter was particularly positive, with net insurance profit of EUR 239 million.
- Shareholders' equity reached almost EUR 10 billion, up from EUR 8.5 billion at the end of 2013, driven by the positive insurance results. Insurance solvency was 214% and group solvency was 206%.
- The life and non-life insurance segments both performed well. Life operating margins and non-life combined ratios improved. Inflows increased 10% overall and 8% in the third quarter alone.
6M Results 2015 - Presentation Analysts and Institutional InvestorsAgeas
- Ageas reported strong first half 2015 results, with net insurance profit up 48% to EUR 504 million driven by strong performance in Asian life and European non-life insurance.
- Total insurance inflows grew 21% to EUR 16.6 billion, with non-life combined ratio improving to 95.2% from 102% previously.
- Shareholders' equity increased to EUR 11.1 billion, with unrealized gains of EUR 2.9 billion. Ageas also announced a new EUR 250 million share buyback program.
This document summarizes the financial results of Ageas for the first half of 2013. Some key points:
- Insurance net profit was EUR 329 million, up 9% from the first half of 2012, driven by better non-life results.
- Group net profit was EUR 472 million, up 55% from the first half of 2012, with contributions from both insurance and the general account.
- Insurance solvency remained stable at 206% while shareholders' equity was impacted by changes in unrealized gains and losses.
- The general account net result was EUR 143 million, driven by transactions related to an RPI agreement and call option.
The document summarizes financial results for 9M 2015. Key points include:
- Gross inflows were up 17% to EUR 22.8 billion driven by growth in Asia.
- Net insurance profit was up 6% to EUR 613 million, though the Q3 result was impacted by losses from equity impairments.
- The non-life combined ratio improved significantly.
- Shareholders' equity increased 7% to EUR 10.9 billion.
Ageas reported mixed financial results for 3M 2014. Insurance net profit decreased 8% to EUR 145 million due to adverse weather impacts in the UK. Group net profit fell 90% to EUR 30 million due to a non-cash charge related to remaining legacy portfolios. Life results were strong with margins and inflows up, while non-life performance was below 100% when adjusted for weather effects. Insurance solvency increased to 209% and shareholders' equity rose 6% to EUR 8.996 billion mainly from higher unrealised investment gains.
- Ageas posted solid 6M 2014 insurance results, with an insurance net profit of EUR 340 million (+3%) despite floods and storms negatively impacting the non-life business.
- The group net result was EUR 31 million, down 93% due to a EUR 309 million loss in the general account from legacy issues and a EUR 130 million provision related to the FortisEffect case.
- Shareholders' equity increased to EUR 9.2 billion, with insurance solvency at 208% and group solvency at 203%.
Generali's first half 2016 results showed a net profit of €1.2 billion despite weak financial markets impacting life insurance premiums. Gross written premiums were €37 billion and operating return on equity was 12.9%, while the economic solvency ratio remained strong at 188%.
Generali reported its annual results for 2016, with net profit of €2.1 billion, up 2.5% from the previous year and representing the company's best performance ever. The company's net operating result was €4.8 billion, a 0.9% increase, and it proposed an 11.1% higher dividend per share of €0.8. Generali also maintained a strong capital position with an economic solvency ratio of 194%.
The document is an earnings presentation from Generali Group for 9M 2014 results. Some key highlights include:
- Operating result increased 12.8% to €3.677 billion driven by strong performances across life, P&C, and other business segments.
- Net income was stable at €1.588 billion reflecting gains in the prior year from discontinued operations.
- Solvency I ratio improved significantly to 160% from 141% due to successful bond placement and financial market performance.
In Property & Casualty Business Allianz Italy had a strong performance in a declining market, continuing gaining market share.
Good top-line growth in motor offset by non-motor. Direct business continues growing at double-digit rate.
The document provides an overview of CIR S.p.A. Group's results for the first half of 2015. It summarizes the Group's financial highlights, including a consolidated net income of €36.4 million compared to €5.3 million in 1H 2014. It also reviews the performance and outlook of the Group's main subsidiaries - Espresso Group, Sogefi, and KOS Group. Espresso reported a positive net result and stable EBITDA despite challenges in the media market. Sogefi saw revenue growth of 11.8% driven by higher volumes. KOS continued its growth with revenues up 12.6% through acquisitions and organic growth.
Wolters Kluwer reported half-year 2015 results that were on track to meet full-year guidance. Revenues grew 2% organically driven by 7% organic growth in high-growth positions. Adjusted operating profit increased 5% in constant currencies and adjusted EPS grew 5% in constant currencies. The company reiterated full-year guidance and introduced an interim dividend for 2015 to better align with cash flow timing.
Ageas reports higher insurance profit and proposes to raise dividend to EUR1.55 per share. Insurance net profit increased 13% to EUR737 million driven by strong growth in Asia, despite lower results in Continental Europe. The group combined ratio was 99.6% and inflows increased 11% to EUR25.8 billion. Ageas' net profit decreased 16% to EUR476 million due to losses in the General Account.
This document summarizes the financial results of ACCIONA Group for the first half of 2015. Key points include:
- Revenues increased 9.9% to €3,304 million driven by growth in energy business.
- EBITDA grew 21.4% to €573 million with energy contributing most at 82%.
- Attributable net profit increased 50.6% to €103 million.
- Net debt decreased 2.7% to €5,153 million while gearing improved.
- Capital expenditure declined 48.2% to €99 million mainly in energy division.
Generali Group reported its 2014 first half results. The key highlights included:
- Operating profit increased 9.5% to €2.5 billion driven by strong performances across business segments.
- Net income was stable at €1.075 billion despite some one-off effects from discontinued operations.
- Solvency I ratio improved significantly to 162% due to successful debt placements and financial market performance.
- Life insurance saw increases in new business, net inflows, APE and operating result due to lower expenses and improved investment returns. P&C insurance also performed well with a lower combined ratio.
- The group has made great progress towards its cost savings and capital management goals under its
The document provides an overview of Generali Group's 1Q 2013 results. Key highlights include:
- Total operating result increased 8.0% to €1.328 billion compared to 1Q 2012.
- Net income increased 6.3% to €603 million.
- Life operating result was €797 million, down slightly from 1Q 2012. New business value was €254 million.
- P&C operating result increased 26.6% to €520 million, with a net combined ratio improved 1.8 percentage points to 93.6%.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
Elringklinger - Conference Call Q1 2014 Presentation Company Spotlight
Group sales were up 15.3% in Q1 2014 compared to Q1 2013, with organic growth of 13.4%. EBIT increased 28.4% to EUR 42.1 million despite higher expenses. The exhaust abatement division performed strongly with sales up 9.7% and EBIT increasing to EUR 7.7 million. For 2014, the company expects overall car production to increase 2-3% worldwide and guides for sales growth of 5-7% and adjusted EBIT of EUR 160-165 million.
Get the financial highlights and an overview of our performance per business. You can view our financial reports here: www.sgs.com/en/our-company/investor-relations/reports-and-presentations
Finmeccanica First Quarter 2015 Result PresentationLeonardo
1) Finmeccanica reported a good start to 2015 with key metrics heading in the right direction, including revenues increasing above expectations and EBITA rising 11% with an improved ROS of 5.9%. (2) The company confirmed its FY2015 guidance and remains on track to execute its industrial plan and divisionalization process. (3) Focus remains on improving profitability and cash flow generation while reducing group net debt to below €3 billion by end of 2017.
Ageas reported growing inflows of EUR 7.8 billion, up 15% year-over-year, but insurance net profit decreased to EUR 145 million from EUR 157 million due to a EUR 35 million impact from storms and floods in the UK. The group combined ratio was 102.6% compared to 98.9% last year. Group net profit was EUR 30 million compared to EUR 293 million last year due to a EUR 104 million increase in the RPN(i) liability. The balance sheet remains strong with insurance solvency at 209% and group solvency at 213%.
CIR reported its results for the first quarter of 2015. Revenue increased slightly to €628 million from €589 million in Q1 2014. Net income was €21.2 million compared to a net loss of €2.6 million in Q1 2014. The industrial subsidiaries (Espresso, Sogefi, KOS) contributed €13 million to net income versus a €1.2 million loss in Q1 2014. CIR exited its stake in Sorgenia through a debt restructuring and capital increase. The net financial position of CIR Group was -€157.4 million compared to -€112.8 million at the end of 2014.
Mediobanca reported solid results for the first quarter of fiscal year 2016, with revenues in line with previous best quarters and a 53% increase in net profit to €244 million. Asset quality continued to improve with non-performing loans decreasing 2% and the CET1 ratio increasing 50 basis points to 12.5%. Looking ahead, Mediobanca expects continued growth driven by its retail and consumer banking divisions while corporate and investment banking transitions to an event-driven model focused on higher returns.
- Snam reported a 2.4% increase in revenues and a 2.0% decrease in EBITDA for 1Q 2015 compared to 1Q 2014. Net profit increased 11.3% over the same period.
- Key financial actions in 1Q 2015 included bond issuances totaling €250 million and new and canceled financing agreements with the EIB totaling €200 million and €300 million respectively.
- Cash flow from operations was €653 million for 1Q 2015, with free cash flow of €453 million after net capital expenditures of €200 million.
Klöckner & Co - Roadshow Presentation May 10, 2013Klöckner & Co SE
Klöckner & Co SE held a roadshow presentation in London on May 10, 2013. The presentation was led by CEO Gisbert Rühl and provided highlights and an update on Klöckner & Co's strategy, financial results for Q1 2013, and outlook. Key points included that the restructuring has significantly improved Klöckner & Co's margins and cost structure, but volumes are still lagging. The presentation also reviewed the company's strong balance sheet and progress achieving its restructuring targets.
The document provides an overview of Assicurazioni Generali Group's first half 2010 results. Key highlights include:
- Operating result increased 14.5% to €2.213 billion compared to first half 2009.
- Net result increased 73.2% to €873 million.
- Life segment results were positive with operating result increasing 23.5% due to higher technical margins and investment results.
- Solvency ratio remained strong at 142% including off-balance sheet unrealized gains.
- Klöckner & Co reported financial results for Q1 2013 that were impacted by macroeconomic uncertainty, price declines, and severe weather in Europe. Turnover increased 3.8% quarter-over-quarter but decreased 11.4% year-over-year.
- EBITDA came in at the low end of guidance at €29 million, benefiting from cost reductions of €16 million from the restructuring program but hampered by declining sales volumes and prices.
- The restructuring program is nearly complete, having reduced headcount by 1,600 and closed 50 of 60 targeted sites. The program has significantly improved Klöckner & Co's margins and cost base.
Generali reported its first half 2017 results, with net profit increasing to €1.2 billion thanks to improved profitability in its Financial and Property & Casualty segments. Operating result was €2.6 billion, up 4.1% from the previous year. Generali also improved its capital position, with an economic solvency ratio of 207% and a best-in-class combined ratio of 92.9%, confirming an excellent capital level.
Asset Management Strategy for Generali in Europe - PresentationGenerali
Generali is implementing a new asset management strategy to accelerate growth and transformation. The strategy aims to:
1) Broaden investment capabilities and products, 2) Pursue a focused distribution strategy for insurance and individual clients, and 3) Create the largest European multi-boutique insurance asset management platform. The strategy expects to increase Generali Asset Management's net results from €84 million in 2016 to over €300 million in 2020 and increase assets under management from €446 billion to over €500 billion.
Generali Group Results at 31 December 2016Generali
The document summarizes Generali Group's 2016 financial results. Key highlights include:
- Highest operating result ever at €4.83 billion, up 0.9% from 2015.
- Net result of €2.08 billion, up 2.5% year-over-year.
- 11% increase in proposed dividend to €0.80 per share.
- Solvency II ratio improved to 177% on a regulatory basis.
Generali reported its nine month results as of September 30, 2016. Net profit was in line with the company's strategy of preserving future profitability and improved further in the third quarter, with an improved operating result and net profit. Gross written premiums increased to €52.1 billion while the combined ratio improved to 92.4%. Generali also maintained a solid capital position with an economic solvency ratio of 188%.
The document reports Generali Group's 1Q 2015 results, showing increases in net equity, total operating result, net income, premiums, and solvency ratio compared to the same period last year. Operating profit rose in life but was impacted in property and casualty by higher catastrophe claims. Net income increased over 10% from continuing operations due to business initiatives and strong distribution channels.
Generali Group reported positive financial results for the first 9 months of 2014. Net income increased 7.5% to €1.6 billion compared to the end of 2013. Total operating results were up 6.4% to €51.3 billion, with premiums increasing to €22.5 billion, up 14%. The solvency ratio achieved 160% as of September 30, 2014, an increase of 19 percentage points. Results were improved across all business segments, with the property and casualty segment seeing a 12.8% increase in net income, life increasing 11.8%, and total increasing 11%.
The document provides an agenda and materials for Generali's Investor Day event held in London on November 27, 2013. The agenda includes presentations on reshaping Generali's strategy with a focus on discipline, simplicity and focus, Generali Investment Management's pathway to excellence, and securing Generali's targets. The materials include details on Generali's investment portfolio and governance model, vision and direction for a more centralized investment strategy and governance structure, and plans to reduce cash and diversify the portfolio.
Generali Group presented results for the first 9 months of 2013. Operating result increased 6.2% to €3.36 billion due to strong performances in P&C and financial services segments. Net result grew 40.4% to €1.59 billion. Life operating result declined 2% due to low interest rates while P&C operating result rose 20.3% with an improved combined ratio of 95.1%. Shareholders' equity increased 1.1% to €19.22 billion and the solvency ratio was 152% at the end of October.
The Image - The Generali Group and the Art of Advertising - IGenerali
This document discusses the early history of Generali Group and how it established its image and credibility in the absence of modern marketing and advertising strategies. In the 1800s, Generali relied on the quality of its business, solid capital and reputable managers. It chose prestigious headquarters in Trieste and Venice that symbolized its reliability. The Hapsburg eagle and winged lion of Saint Mark became identifying symbols. In the late 1800s, growing competition drove companies to promote visibility through world's fairs and posters. While late to adopt color posters compared to France, Generali and other major insurers promoted themselves through posters designed by famous artists.
The Image - The Generali Group and the Art of Advertising - IIGenerali
Generali and other companies it would later acquire, such as Toro, Alleanza, and INA, began producing posters and other advertising materials in the late 1800s and early 1900s to promote their businesses. These early advertisements featured illustrations in styles popular at the time like Art Nouveau. Notable artists such as Plinio Codognato designed posters for these companies that helped increase their visibility. INA in particular produced many posters after its founding in 1912, some of which featured their iconic symbol of a sower designed by Andrea Petroni.
The Image - The Generali Group and the Art of Advertising - IIIGenerali
This document provides reference information for a book about the Generali Group and the art of advertising. It includes indexes of Group companies that commissioned posters, a list of artists featured in the book and pages where their works appear, descriptions and credits for all images published, a selected bibliography, and acknowledgments. The Group Companies index lists insurance companies that were part of the Generali Group. The Artists index lists creators of works in the book along with page numbers. The Works index describes and provides credits for all images.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
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5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Generali Group 1Q 2015 Results
1. GENERALI GROUP
1Q 2015 Results
Please note that prior year’s figures have been restated throughout the whole presentation to reflect the current perimeter of the Group.
Net income, Shareholders’ Equity, Solvency I, Life Value KPIs are not adjusted for disposed entities.
The like for like change of written premiums, life net inflows, APE and NBV is on equivalent terms (on equivalent exchange rates and consolidation area).