STRONG PROFITABILITY OF THE BUSINESS IN A CHALLENGING ENVIRONMENT WITH A STABLE FIRST-HALF OPERATING RESULT OF € 2.7 BILLION. NET RESULT AFFECTED BY IMPAIRMENTS, THE BSI SETTLEMENT AND THE IMPACT OF THE COVID-19 EMERGENCY FUND. SOLID CAPITAL POSITION CONFIRMED.
Generali Group CEO Philippe Donnet commented: “The performance in the first half of the year confirms the validity of the Group’s strategy, the solidity of its business model and Generali’s technical excellence which enabled us to face these unprecedented circumstances. One of the Group’s key priorities was to support the communities impacted by Covid-19 through the Extraordinary International Fund and other initiatives. We also responded to this challenging moment by accelerating our innovation and digital transformation of the business and operating structure. Further, we continued to execute our Generali 2021 strategy in a disciplined and effective manner while also pursuing sustainable growth.
I would like to give special recognition to our people - employees, agents and partners - who guaranteed business continuity during these difficult times and who have demonstrated their commitment to being Lifetime Partner for our customers, a commitment highlighted in Generali’s first-ever global advertising campaign launched in July.”