Financial Data and Key Metrics Changes - The group achieved an operating result of €6.5 billion, an increase of 11.2% compared to 2021, with gross written premiums amounting to €81.5 billion and a net result of €2.9 billion [7][10] - The solvency ratio stood at a strong 221% at the end of 2022, with reduced sensitivity to financial markets [10] - The net holding cash flow grew by 11% to €2.9 billion, reflecting improved cash generation [11] Business Line Data and Key Metrics Changes - The Property & Casualty (P&C) segment saw a top line increase of 11%, driven primarily by motor insurance, with non-motor growth being a strategic focus [21][22] - Life business operating results reached €3.5 billion, with €200 million to €250 million attributed to nonrecurring elements [24][25] Market Data and Key Metrics Changes - The company reported a 3.3% growth in retail and SME segments and a 6% increase in corporate and commercial segments [23] - The average annual premium increase was noted, with a significant portion of the growth attributed to price adjustments rather than volume increases [46][87] Company Strategy and Development Direction - The company is focused on its "Lifetime Partner 24, Driving Growth Strategy," emphasizing profitable and sustainable growth [6][18] - There is a commitment to customer loyalty and service improvement, with Generali being the largest insurer in the European retail and SME segment [13][14] - The company is actively managing inflation through tariff increases and cost-saving measures [15][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by geopolitical tensions and inflation but expressed confidence in the company's resilience and strategic execution [5][6] - The outlook for the motor insurance combined ratio is cautiously optimistic, with expectations for improvement in 2023 [70][94] Other Important Information - The company has received an upgraded ESG rating to AAA from MSCI, reflecting its commitment to sustainability [17] - The company is not considering increasing its debt, maintaining a focus on capital-light products and protection offerings [43][44] Q&A Session Summary Question: P&C top line growth and volume drivers - The P&C top line increased by 11%, with non-motor growth being a key focus, driven by changes in average annual premiums [21][22] Question: Life earnings and recurring contributions - Life operating results included €200 million to €250 million of nonrecurring elements, with stable performance expected under IFRS 17 [24][25] Question: Holding cash position - The holding cash position at year-end was €2.8 billion, with a significant portion allocated for operational flexibility [26][27] Question: New business margins and private equity dividends - New business margins benefited from higher interest rates, but the new business value saw a decline due to market conditions [30][34] Question: Lapse risk and competition for deposit accounts - Lapse rates remained aligned with previous years, with an increase observed in the fourth quarter, particularly in bancassurance distributions [85] Question: Combined ratio outlook and claims inflation - The combined ratio for motor was reported at 98.2%, with expectations for improvement in 2023 as pricing adjustments take effect [82][94]

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q2 2022 Earnings Conference Call August 2, 2022 6:00 AM ET Â | --- | |-----------------------------------------------------------------------------------------------------------------------------------| | | | Company Participants | | Fabio Cleva - Investor Relations Philippe Donnet - Group Chief Executive Officer Cristiano Borean - Group Chief Financial Officer | | Conference Call Participants | | David Barma - BNP Paribas | | Andrew Sinclair - Bank of America | | ...

| --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | GENERALI GRO ...

Assicurazioni Generali SpA (OTCPK:ARZGF) Q1 2022 Earnings Conference Call May 19, 2022 6:00 AM ET Company Participants | --- | |---------------------------------------------------| | | | Fabio Cleva - IR Cristiano Borean - Group CFO | | Conference Call Participants | | Andrew Sinclair - Bank of America | | Peter Eliot - Kepler Cheuvreux | | David Barma - BNP Paribas Exane | | Farooq Hanif - JPMorgan | | William Hardcastle - UBS | | Andrew Ritchie - Autonomous Research | | James Shuck - Citigroup | | Michael ...

Assicurazioni Generali SpA (OTCPK:ARZGF) Q4 2021 Earnings Conference Call March 15, 2022 7:00 AM ET Company Participants Giulia Raffo - Head, Investor & Rating Agency relations Philippe Donnet - MD, Group CEO & Director Cristiano Borean - Group CFO Conference Call Participants Andrea Lisi - Equita Andrew Sinclair - Bank of America Merrill Lynch Farooq Hanif - JPMorgan Chase & Co. Andrew Ritchie - Autonomous Research Peter Eliot - Kepler Cheuvreux James Shuck - Citigroup William Hawkins - KBW Alberto Villa - ...

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q3 2021 Earnings Conference Call November 11, 2021 6:00 AM ET Company Participants Giulia Raffo - Head of Investor and Rating Agency Relations Cristiano Borean - Chief Financial Officer Conference Call Participants Peter Eliot - Kepler Cheuvreux Andrew Sinclair - Bank of America Andrew Ritchie - Autonomous Michael Huttner - Berenberg David Barma - Exane BNP Paribas William Hawkins - KBW Sudarshan Bhutra - Societe Generale Steven Haywood - HSBC Michael Huttner - Be ...

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q1 2021 Earnings Conference Call May 18, 2021 6:00 AM ET Company Participants Giulia Raffo - Head, Investor and Rating Agency Relations Cristiano Borean - Group Chief Financial Officer Conference Call Participants Peter Elliot - Kepler Cheuvreux Andrew Sinclair - Bank of America Andrew Ritchie - Autonomous Farooq Hanif - Credit Suisse Michael Huttner - Berenberg James Shuck - Citi William Hawkins - KBW Andrea Lisi - Equita Gian Luca Ferrari - Mediobanca Steven Hay ...

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q4 2020 Earnings Conference Call March 11, 2021 6:00 AM ET Company Participants Giulia Raffo - Group Head-Investor and Rating Agency Relations Philippe Donnet - Group Chief Executive Officer Cristiano Borean - Group Chief Financial Officer Conference Call Participants Andrew Sinclair - Bank of America Peter Eliot - Kepler Cheuvreux Farooq Hanif - Credit Suisse Andrew Ritchie - Autonomous William Hawkins - KBW Nick Holmes - Societe Generale Michael Huttner - Berenb ...

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. Agenda I. Strategy Overview Page 3 II. Group F ...

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q2 2020 Earnings Conference Call July 30, 2020 6:00 AM ET Company Participants Giulia Raffo - Head, Investor & Rating Agency Relations Philippe Donnet - Managing Director, Group Chief Executive Officer & Director Cristiano Borean - Group Chief Financial Officer Frédéric de Courtois - General Manager Timothy Ryan - Group CIO & Chief Executive Officer, Asset & Wealth Management Conference Call Participants Andrew Sinclair - Bank of America Peter Eliot - Kepler Cheuv ...