The 2024 Solvency II ratio of Generali group is down from 220% to 210%. The figures published in the Generali 2024 SFCR also show that the main driver for the drop in the ratio a 4.9% increase in the firm’s Solvency Capital Requirement (SCR), while the eligible own fund to meet the SCR (EOF) remained virtually unchanged.
The figures also show a trend in increase of Generali’s tier 2 capital.
The company explains that positive stock market performance and rising interest rate risk and credit risk are the main drivers of the SCR increase; the latter two both related to downward movement of the yield curve.
Business related factors also influenced the increase in SCR. The Generali SFCR states: “Furthermore, the increase of the Group SCR is also driven by the business volume growth recorded in Asia and by the acquisitions of Generali Seguros y Reaseguros, S.A. and the Conning companies, only partially offset by the divestments of some companies modelled in Standard Formula.”
Weekly Lunchtime Webinar Series: 2024 SFCRs weekly reporting update
Wednesdays throughout May and June 2025, 12.00 UK / 13.00 CET
A weekly update on the state of the Solvency II and Solvency UK 2024 SFCR reports, including early market analysis from Solvency II Wire Data.
