Assicurazioni Generali S.p.A. (ARZGY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Coruscant conference operator. Welcome and thank you for joining the Generali Group first quarter 2026 results presentation. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference, call them and signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Fabio Cleva, Head of Investor and Rating Agencies Relations. Please go ahead, sir. Hello, everyone, and thank you for joining our first quarter 2026 results call. Here with us today, we have the Deputy Group CEO, Giulio Terzariol, the Group General Manager, Marco Susana, and the Group CFO, Cristiano Borean. Before opening for Q&A, let me hand over to Giulio and Cristiano for some opening remarks. Hello, everyone. Good morning, and thank you for being with us today. The first quarter of 2026 results mark another step forward in the successful delivery of our Lifetime Partner 2027. We are now in the second year of our plan, and our focus on excellence in core capabilities continues to deliver tangible value for our customers, employees, and shareholders. We have reinforced the role of the group centers in the implementation of the initiative, especially when it comes to technology and artificial intelligence. This approach allows us to scale best practices more effectively and reap the benefits of our fully integrated group. Overall, we have delivered strong growth in both operating and adjustment results, thanks to contributions from all segments. Let me highlight a few achievements from the first quarter that clearly demonstrate the success of our strategy. Starting with P&C, gross insurance revenue g...