Italy’'s largest insurance company Generali reported record profits for 2024 as Chief Executive Officer Philippe Donnet prepares to face a vote by key shareholders next month on ’'s reappointment.
The operating profit of the company compared to the previous year, mainly due to the strong performance of the Asset and Asset Management department %An increase of 8.2, reaching a record level of 7.3 billion euros. Clear result corrected according to description %An increase of 5.4 to 3.8 billion Euro’, setting an all-time record for the Group.
Generali Group CEO Philippe Donnet said that ’Group is today in the strongest position in its history, as demonstrated by our record operating and adjusted net results achieved through the efforts and determination of our employees and distribution network.
Total assets managed by the company, thanks to increased net inflows and consolidation of Conning Holdings Limited’in %Increasing by 31.6, it reached 863 billion Euro’. Gross written premiums, which are the total amount of money collected by the insurance company from its customers, according to 2023’ %It increased by 14.9 to 95.2 billion Euro’. The main reason for this was life, property and accident insurance.
Board of Directors, compared to the previous year %He offered a dividend of €1.43 per share, which was 11.7 more. Generali’'s annual general assembly meeting will be held on April 23-24, and the re-appointment of the current CEO’ is the most closely followed event by investors. Three years ago, Francesco Gaetano Caltagirone, a leading investor in the company, tried to replace Donnet’, the CEO of Assicurazioni Generali’ since March 2016’, but failed.
Generali shares traded on the Milan Stock Exchange’ did not show any significant change after the earnings report.
Strong profit growth in Vienna Insurance Group AG’
Vienna Insurance Group AG also recorded a very strong performance in 2024. The company's pre-tax profit %It reported an increase of 14.1 to 881.8 million Euro’. Insurance service income, mainly under the influence of agreements in the property and accident insurance business %An increase of 11 to 12 billion Euro’.
Company, the amount of dividends %He proposed an increase of 10.7 percent to 1,55 Euro’ya.
Shares of the company in the afternoon Avrupa’da %It was valued at 1.3 percent.
Deutsche Bank raises jackpot pool to 10-year high
Looking at the updates from Deutsche Bank’, Germany saw an increase in the bonuses of investors at ’'s largest bank, according to the bank's annual report published on Thursday.
Bonus pool for the bank's trader’s and traders %With 25 increases, €2.5 billion reached ’, the highest figure since 2014’.
The Frankfurt-based bank said its audited results confirm previously reported figures detailing the bank's 2024 performance published on January 30, 2025’.
Two Polish banks report remarkable results for 2024
Poland’'s largest bank, Warsaw-based PKO Bank Polski, has dazzled investors with its latest results. Share price at Avrupa’da around 13:00 CEST %He's gone up more than 3’.
The lender's net profit reached PLN’ (€2.22 billion) at 2024’te 9.3 billion; compared to the 2023 ’. %It points to a massive increase of 69.1.
By increasing its market share in retail and corporate areas, its assets increased to PLN’ 525 billion (EUR 125 billion). Revenue from PKO Bank Polski’'s core activities %It increased by 19.6.
In the statement, “Bank recorded significant momentum in corporate loans in the fourth quarter and continued double-digit growth in individual loans, ” said.
The company's market capitalization reached PLN’ye 74.7 billion (EUR 17.8 billion) by the end of 2024; This is about an annual ’ means an increase.
“PKO Bank Polski 2024’te has experienced above-market growth and Poland is fully prepared to finance the expected momentum in ’'s economic development, the bank said in a statement.
Polish business BNP Paribas BP, affiliated with French multinational BNP Paribas’a, also reported exceptional profits for 2024. Net profit compared to the previous year %It increased by 133 to 2.4 billion PLN’ (€570 million). Net interest income per annum %It increased by 9.9 to 5.74 billion PLN’ye (EUR 1.37 billion).
Deliveroo announces its first profit
British online food delivery company Deliveroo recorded its first positive result in 2024 as it expanded its operations. The firm specifically entered the grocery business and formed partnerships with retailers.
Income in fixed currency %It was about £2 billion (€2.47 billion) in a 3 increase, and the profit was £2.9 million (€3.5 million) compared to the £32 million loss in ’ in 2023.
Deliveroo expects a further increase in Gross Transaction Value (GTV), the value of everything sold in its market.
Deliveroo Founder and CEO ’ Will Shu, “Our first full-year profit and positive free cash flow, as well as the strong results we announced today with GTV growth in our industries, show that our strategy is working, ” said.
“I am confident that we can continue to drive growth, while the consumer environment remains uncertain, ” added.
However, the expected weak consumer confidence negatively affected investor confidence. Stock EuropeIn the afternoon value of ’ is almost %He lost 7’sini.
The London-based company also announced on Monday that it will exit its Hong Kong operations due to increased competition and weak sales.
Hugo Boss’ 's is down
German fashion company Hugo Boss AG saw record sales at 2024’te, but that wasn't enough to drive the big fashion brand's profits high enough.
Sales of Hugo Boss’ due to increasing macroeconomic and geopolitical uncertainties and delayed consumption 2024’te %It increased by 3 to 4.3 billion Euro’. If the group's operating profit is %It fell by 12 to 361 million Euro’. The Net Income %It declined by 17 to 224 million Euro’.
Shares of the company in the afternoon trade in Avrupa’ %3He lost over ’.
