TRIESTE (dpa-AFX) - Generali Group on Thursday reported higher profit for the first half of 2026, driven by growth across its insurance and asset & wealth management businesses. The insurer also announced the launch of a 500 million euro share buyback program as part of its 2025-2027 strategic plan.
For the six months ended June 30, operating result increased 11.2% to 4.51 billion euros from 4.05 billion euros a year earlier, supported by contributions from all business segments. Adjusted net profit rose 13.7% to 2.54 billion euros, while reported net profit climbed 17.9% to 2.54 billion euros. Adjusted earnings per share increased 14.3% to 1.68 euros.
Gross written premiums grew 5.8% to 53.4 billion euros, reflecting growth in both the Property & Casualty and Life businesses. Life net inflows reached a record 8.3 billion euros for a first half, while New Business Value increased 21.1% to 1.89 billion euros.
The company said it will begin a share buyback program with a maximum value of 500 million euros as part of its 2025-2027 strategic plan aimed at enhancing shareholder returns. The insurer said the program follows shareholder approval received on April 23, 2026, authorizing the repurchase of treasury shares for cancellation, in one or more tranches, within 18 months. The buyback will cover up to 2% of the company's share capital.
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