Generali SpA

    PREMISES & GLOBAL SERVICES

    Generali Austria, CEE & Russia

    The Generali Austria, CEE & Russia Regional Office in Prague is responsible for twelve markets: Austria, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Poland, Romania, Russia, Serbia, Slovakia and Slovenia. As of 1 January 2018 the Regional Office extended its responsibilities to Austria.

    Figures as at December 31, 2017
    (Austria and Russia not included)

    ico-coins
    Gross written premiums
    € 3,600 mln
    ico-euro
    Total operating result
    € 481 mln
    ico-hands
    Life Market share
    CZ  24.8%    SK  7.7%
    HU 10.2%     PL  3.9%
    ico-house
    P&C Market share
      CZ  32.4%    SK  11.2%
    HU  19.1%    PL  3.7%
    ico-medal
    Ranking
    CZ  2nd       SK  3rd
    HU  1st        PL  8th
    ico-people
    Our people
    11,626
     

    KEY EVENTS IN THE AUSTRIA, CEE & RUSSIA REGION

    1989
    Launch of the expansion programme in the region
    2015
    Generali takes full control of the 2008 established joint venture between Generali and PPF - company changes name to Generali CEE Holding
    2018
    Austria becomes part of the Austria, CEE & Russia Region
     

    We are the leader in the region in terms of profitability, partly thanks to one of the best combined ratios in the industry (sum of incurred losses plus operating expenditure divided by earned premium).

    In 2017, premium income reached €3.6 billion, or 5% of total Group premiums, while the operating result was €481 million, or 10% of the Generali Group's result. As for technical results, the P&C business, with a volume of €2.1 billion, reported an increase by 3.4%. The motor segment (+3.2%) benefited from the tariff policies on the existing portfolio, while the non-motor segment recorded 3.6% growth. The combined ratio decreased 1.7 p.p. to 87.8% (the best for the Group worldwide). The Life segment reported a premium income of €1.5 billion.

    Generali CEE Holding oversees a business segment that is now the Generali Group's fourth largest market, and its importance is likely to grow. The organizational unit of Generali CEE Holding is based in Prague with 120 employees from 14 countries.

    (Previous numbers do not include Austria and Russia)

    Main companies IN THE AUSTRIA, CEE & RUSSIA REGION