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)
€ 862 mln
AT 14.5% CZ 22.6%
HU 9.9% SK 8.6%
KEY EVENTS IN 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
- GENERALI CEE HOLDING
- GENERALI INVESTMENTS CEE
- GENERALI VERSICHERUNG – AUSTRIA
- GENERALI CESKA POJISTOVNA – CZECH REPUBLIC
- GRUPA GENERALI – POLAND
- GENERALI BIZTOSITO – HUNGARY
- GENERALI POISTONA – SLOVAKIA
- GENERALI OSIGURANJE SRBIJA – SERBIA
- GENERALI OSIGURANJE MONTENEGRO – MONTENEGRO
- GENERALI ASIGURARE REASIGURARE – ROMANIA
- GENERALI ZAVAROVALNICA – SLOVENIA
- GENERALI INSURANCE – BULGARIA
- GENERALI OSIGURANJE – CROATIA