Preliminary figures have shown Generali’s non-life premiums grew by 3.1 percent to €5.8 billion in 2011.
Life premiums were down -9.3 percent in 2011, at €46.4 billion. The company attributed this to single premiums (-24%) impacted by the financial market trend.
However annual premiums grew by 3.4 percent. Giovanni Perissinotto, chief executive officer of the Generali group said that in an extremely difficult environment in Europe, and in Italy in particular, Generali has demonstrated its ability to achieve ‘significant production results.’
“The 2011 crisis has highlighted the group’s strengths: its business model, geographical diversification and prudent investment policy,” he says.
“In a particularly stressed financial environment, all of this contributes to keep the group’s solidity at an adequate level, and enables us to support the growth of the business using existing resources.”