Generali SpA

    PREMISES & GLOBAL SERVICES

    Generali Austria, CEE & Russia

    The Generali Austria, CEE & Russia Regional Office in Prague is responsible for thirteen markets: Austria, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, North Macedonia, Poland, Romania, Russia, Serbia, Slovakia and Slovenia.

    Figures as at December 31, 2019
    (North Macedonia and Russia not included)

    ico-coins
    Gross written premiums
    € 7,041 mln
    ico-euro
    Total operating result
    € 862 mln
    ico-house
    P&C Market share
    AT  15.7%    CZ  29.9%
    HU 18.4%    SK  12.1%
    ico-hands
    Life Market share
      AT  14.5%    CZ  22.6%
    HU  9.9%     SK  8.6%
    ico-medal
    Ranking
     AT  3rd       CZ  2nd
    HU  2nd      SK  3rd
    ico-people
    Our people
    17,563
     

    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 and Russia become 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 2019, premium income reached €7.0 billion, while the operating result was €862 million. As for technical results, the P&C business, with a volume of €4.4 billion, reported an increase by 6.0%. The motor business (+6.1%) is supported by the contributions provided by Hungary, the Czech Republic and Austria. The non-motor business recorded 6.1% growth owing to the higher volumes coming mostly from Poland, Hungary, Serbia and Croatia. The combined ratio decreased 0.9 pps to 87.2% (the best for the Group worldwide). The Life segment reported a premium income of €2.7 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 126 employees from 14 nationalities.

    (Previous numbers do not include North Macedonia and Russia)

    Main companies IN THE AUSTRIA, CEE & RUSSIA REGION