Operating result for Life segment was EUR 3.1 bln. (+2.8%) while Property & Casualty (P&C) was EUR 2.0 bln. (+2.5%). GWP levels in particular for the Life segment were EUR 46.1 bln. (+5.7%) while P&C GWP were EUR 20.6 bln. (+3.3%), with an increase of +3.4% in motor segment and +2.7% in non-motor.
The Combined Ratio stood at 93% (+0.1 pp). Operating ROE was 13.4%, exceeding the targeted level of 13.0%. The Group's solid solvency is confirmed with a Regulatory Solvency Ratio of 216% (+9 pp).
The dividend per share that will be proposed at the upcoming Shareholders' Meeting is EUR 0.90, up by EUR 0.05 cents per share (+5.9%) compared to the previous year (EUR 0.85 FY2017). The payout ratio is 61.2% (63% in 2017). The total dividend relating to outstanding shares is EUR 1,413 million.
"With the results presented today, Assicurazioni Generali has completed the 2015-2018 strategic plan exceeding all the targets and successfully concluding its industrial turnaround. For this achievement, the merit goes to the dedication of everyone who works for Generali in 50 countries all over the world as well as to our distribution network and to all of the Group's partners. As of January 1, the whole Group is committed to implementing the new plan 'Generali 2021' whose objective is to generate increasing value for our shareholders through investing in profitable growth, innovation and digital transformation of our business. Our ambition is to be life-time partners for our customers," said Philippe DONNET, Generali Group CEO.
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