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2024 Results HDI Assicurazioni: a year of growth with confirmed Solid Solvency Position
Rome, 24 March 2025 - The Board of Directors has approved the preliminary results of HDI Assicurazioni as of 31 December 2024.
The Company closed the 2024 financial year with an increase in top line, confirming its solid solvency position.
Total gross written premium stands at EUR 1,826 million, 14.3% increase compared to the EUR 1,597 million from the previous year. The life business registered EUR 1,056 million GWP, with an increase of 19.8% compared to 2023. The non-life business also shown an improvement, with a collection of EUR 770 million GWP, registering an increase of 7.5% compared to 2023.
The net result is equal to EUR 28.4 million (EUR 42.6 million in 2023), while the pre-tax result stands at EUR 35.9 million (EUR 54.7 million in 2023).
For the preparation of the 2024 financial report, in continuity with the previous year, the Company applied IVASS Regulation No. 52 of August 30, 2022, which allows for deviations from the normal valuation criteria for securities registered in the non-durable portfolio.
Shareholders´ Equity amounted to EUR 638 million, showing a decrease of EUR 26 million compared to YE 2023.
Investments amount to EUR 6,404 million, decreasing by EUR 343 million from 2023.
Non-life Combined Ratio from direct business is 90.6%, improving from 103.4% in 2023, a year characterized by natural events claims. The Loss Ratio stands at 61.7%, decreasing 11.9% compared to the previous year. The Cost Ratio also shows an improvement, with 28.9%, compared to 29.8% in 2023.
The Solvency Ratio, calculated according to the Standard Formula using USP, is increasing, standing at 206.5% compared to 195.0% in 2023.
Roberto Mosca, CEO of HDI Assicurazioni commented: "The national and international context in which we operate continues to be fragile, due to unstable geopolitical and economic scenarios. This is compounded by a particularly challenging year regarding natural events, which severely impacted our country, and for which HDI has contributed as an Insurer to support our policyholders, reaffirming the social purpose of insurance. For this reason, I can only express my satisfaction for a year that nevertheless closes with an increase in top line and consistent solvency solidity over time – remarked the CEO of HDI Assicurazioni – I am confident that the HDI Assicurazioni Group, interpreting the growth strategies of our Shareholder, will confirm these performances for the coming year, being able to write a new page of successes together with our Sales Networks and thanks to the many new initiatives and partnerships that we will implement in the coming months."
The Company closed the 2024 financial year with an increase in top line, confirming its solid solvency position.
Total gross written premium stands at EUR 1,826 million, 14.3% increase compared to the EUR 1,597 million from the previous year. The life business registered EUR 1,056 million GWP, with an increase of 19.8% compared to 2023. The non-life business also shown an improvement, with a collection of EUR 770 million GWP, registering an increase of 7.5% compared to 2023.
The net result is equal to EUR 28.4 million (EUR 42.6 million in 2023), while the pre-tax result stands at EUR 35.9 million (EUR 54.7 million in 2023).
For the preparation of the 2024 financial report, in continuity with the previous year, the Company applied IVASS Regulation No. 52 of August 30, 2022, which allows for deviations from the normal valuation criteria for securities registered in the non-durable portfolio.
Shareholders´ Equity amounted to EUR 638 million, showing a decrease of EUR 26 million compared to YE 2023.
Investments amount to EUR 6,404 million, decreasing by EUR 343 million from 2023.
Non-life Combined Ratio from direct business is 90.6%, improving from 103.4% in 2023, a year characterized by natural events claims. The Loss Ratio stands at 61.7%, decreasing 11.9% compared to the previous year. The Cost Ratio also shows an improvement, with 28.9%, compared to 29.8% in 2023.
The Solvency Ratio, calculated according to the Standard Formula using USP, is increasing, standing at 206.5% compared to 195.0% in 2023.
Roberto Mosca, CEO of HDI Assicurazioni commented: "The national and international context in which we operate continues to be fragile, due to unstable geopolitical and economic scenarios. This is compounded by a particularly challenging year regarding natural events, which severely impacted our country, and for which HDI has contributed as an Insurer to support our policyholders, reaffirming the social purpose of insurance. For this reason, I can only express my satisfaction for a year that nevertheless closes with an increase in top line and consistent solvency solidity over time – remarked the CEO of HDI Assicurazioni – I am confident that the HDI Assicurazioni Group, interpreting the growth strategies of our Shareholder, will confirm these performances for the coming year, being able to write a new page of successes together with our Sales Networks and thanks to the many new initiatives and partnerships that we will implement in the coming months."
