Assicurazioni Generali S.p.A. (ARZGY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Corusco conference operator. Welcome and thank you for joining the Generali Group first half 2025 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, they may 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 half 2025 results call. Here with us today, we have the Group CEO, Philippe Donnet, the Group General Manager, Marco Cesana, the CEO of Insurance, Giulio Terzariol, and the Group CFO, Cristiano Boran. Before opening up for Q&A, let me hand it over to Philippe for some opening remarks. Thank you, Fabio. Good afternoon to all of you, and thank you for joining this call. Our excellent performance for the first half of 2025 shows a strong start to our new three-year strategic plan, Lifetime Partner 27, Driving Excellence. These results demonstrate that this is the right strategy to continue to create further value for our investors and for all stakeholders in a consistent and disciplined way. I would like to draw your attention to five key messages. First, Generali once again recorded significant and continued growth in operating results, exceeding €4 billion. The 8.7% year-on-year increase is underpinned by the positive contributions of property casualty, life, and asset management. highlighting the power of our diversified and integrated business model. Adjusted net result exceeded 2.2 billion Euro, growing by 10.4% while adjusting earnings per share rose even more sharply b...