Generali Group Consolidated Results as of 30 June 2019

EXCELLENT OPERATING RESULT AT € 2.7 BILLION (+7.6%) AND STRONG GROWTH IN NET PROFIT TO € 1.8 BILLION (+34.6%). THE SOLID CAPITAL POSITION IS CONFIRMED

• The operating result increased thanks to positive developments in all business segments
• The Group net profit stood at € 1.8 billion (+34.6%), also including the result of discontinued operations. Adjusted net profit2 rose to € 1.3 billion (+6.4%)
• Life net inflows grew to € 7.4 billion (+29.5%) and technical reserves reached € 358 billion (+4.3%). Gross written premiums stood at € 35.7 billion (+1.8%), due to the positive performance of both Life and P&C segments
• The technical excellence of the Group is confirmed with the combined ratio at 91.8% (-0.2 pps) and the New Business Margin at 4.40% (-0.18 pps)
• Asset Management net profit stood at € 133 million (+22%), with third-party AuM in this segment rising sharply to € 102 billion
• The Preliminary Regulatory Solvency Ratio remains solid at 209% (217% FY 2018; -8 pps)