Tous Actualités
Suivre
Abonner Generali Holding Vienna AG

Generali Holding Vienna AG

euro adhoc: Generali Holding Vienna AG
quarterly or semiannual financial statement
Generali Vienna: Strong Growth in Life Insurance

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
25.11.2005
Generali Vienna: Strong Growth in Life Insurance
- Premiums in life insurance increased by nearly a quarter.
- Profit on ordinary activities grows to EUR 128.5 million.
- Profit from investing activities up nearly 7%.
Brisk consumer demand for private pension and savings products
generated a strong growth in the Generali Vienna Group's life
insurance operations during the first three quarters of 2005.
Including the savings components of unit-linked and index-linked life
insurance policies, consumers spent a total of EUR 684.5 million on
Generali's personal pension and savings range. That was EUR 126.6
million or 22.7% more than the equivalent figure for the same period
of 2004. Even without savings components, the group's premium income
from life insurance increased by 8.1% to EUR 492.1 million. As a
result, Generali's life insurance portfolio grew substantially,
expanding by 13.2% to a total of EUR 27.2 billion.  Generali's other
insurance segments also grew appreciably. Premium income from health
insurance advanced by 3.7% to EUR 135.6 million, and the group's
property/casualty insurance operations grew by 3.3% to EUR 1,430.9
million. As planned, its premium income from reinsurance business was
stable on the first three quarters of 2004 at EUR 80.3 million.
Overall, the Generali Vienna Group's premium income during the first
three quarters of 2005 was 8.2% up on the year at EUR 2,331.3 million
(without savings components: 4.3% up on the year at EUR 2,138.9
million).
Costs continue to fall   Claims and benefits paid between January and
the end of September were 0.5% down on the year at EUR 1,492.4
million. During the same period, the Generali Vienna Group was able
to cut its costs by 1.3% to EUR 451.0 million.
Generali's investments totalled EUR 9,388.2 million on 30 September
2005, or 8.8% more than at 2004 year-end. This fully integrated
financial services group recorded current income from investing
activities of EUR 335.6 million, which was 6.7% more than in the
first three quarters of 2004.
Profit from ordinary activities also grew rapidly to total EUR 128.5
million, or 14.0% more than in the same period of the previous year.
Karl Stoss, Chairman of Generali's Managing Board, is expecting
another substantial increase in full-year profit from ordinary
activities.
Under IFRS, according to the Austrian regulation, technical items of
Balance Sheet and Income Statement are presented based on US-GAAP.
end of announcement                               euro adhoc 25.11.2005 07:30:00

Further inquiry note:

Generali Holding Vienna AG
Josef Hlinka
Tel.: (++43-1) 534 01-1375
Fax: (++43-1) 534 01-1593
mailto:josef.hlinka@generali.at
http://www.generali-holding.at

Branche: Insurance
ISIN: AT0000661350
WKN: 873075
Index: WBI, ATX Prime
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing

Plus de actualités: Generali Holding Vienna AG
Plus de actualités: Generali Holding Vienna AG