Generali presses margins amid upper-single-digit top-line gain

European universal insurer Generali managed to press its P&C margins upwards in 2023, overcoming a rising cat load as higher rates eased attritional loss ratios and both improved prior year reserve development and IFRS17 discounting gave boosts. Top line measures grew at mid-to-upper single-digit rates.

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Generali presses margins amid upper-single-digit top-line gain

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