Generali Reports Robust Half-Year Profit Growth and Launches €500M Buyback

Assicurazioni Generali posted a normalized net profit of €2.2 billion in the first half of the year, a 10.4% year-on-year increase. The insurer’s operating result rose 8.7% to €4 billion, fueled by contributions from its Property & Casualty, Life, and Asset Management divisions. Gross premiums reached €50.5 billion (+0.9%), driven by a strong 7.6% expansion in the Property & Casualty segment. The group has initiated a €500 million share buyback program approved during its latest shareholders’ meeting. CEO Philippe Donnet hailed the “excellent results,” stating, “We will continue in this growth phase while remaining fully focused on the clear priorities of our strategic plan.”