Year 2021 Generali Poland again reported record year both in premium and profitability since its foundation.
Gross written premiums
€ 781.7 mln
Generali Group has been present in Poland since 1998. It provides insurance life, P&C, pension and investment products to individuals and commercial entities. At the end of 2018 Generali acquired Concordia Polska (specialising in agriculture insurance) and Concordia Capital (life protection), which joined the group of existing 4 companies: Generali Towarzystwo Ubezpieczeń S.A., Generali Życie Towarzystwo Ubezpieczeń S.A., Generali Powszechne Towarzystwo Emerytalne S.A. Generali Finance Sp. z o.o.
The acquisition of an asset management company Union Investment was completed in July 2019 and rebranded to Generali Investments. In October 2019 Generali Życie Towarzystwo Ubezpieczeń S.A. merged with Concordia Capital. In 2021, the non-life company Concordia Polska merged with Generali TU and since August products for the agricultural sector have been offered under the Generali Agro brand.
In 2021 Generali Group was on the 7th position on the Polish market.
Generali Poland aims at long-term cooperation with clients by providing comprehensive protection of their assets at every stage of their lives. Generali Poland reported €781.7 million of GWP in 2021 and was a working place for about 1,600 employees. P&C Gross Written Premiums totalled €550.5 million, while life insurance premiums amounted to €231.3 million. In 2021 Generali Investment reported €3.9 billion assets under management and €30.1 million sales revenue. Year 2021 Generali Poland again reported record year both in premium and profitability since its foundation.