Generali P&C profits up 7.9% despite worsening cat and motor claims
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Generali P&C profits up 7.9% despite worsening cat and motor claims

Luke Harrison
15 March 2022
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Generali has posted a 7.9% rise in the operating profit of its P&C segment to EUR2.7bn ($2.9bn) for 2021, despite an increase in nat cat and motor claims, as the carrier benefited from top-line growth in the unit and wider contributions from its controlling stake in the Cattolica Group.

Combined ratio: The carrier’s P&C combined ratio worsened by 1.7 percentage points to 90.8%, which it said reflects a larger impact from nat cat claims and a worsening loss ratio in the motor line, where the removal of lockdown...

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Luke Harrison
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