Generali Exits Philippine Market with Sale to Insular Life, Sees Limited Financial Impact

Generali has finalized the sale of its entire stake in Generali Life Assurance Philippines, Inc. to The Insular Life Assurance Company, Ltd., completing its planned exit from the Philippine market.

The transaction was first announced in December 2024, when Generali stated it expected the sale to result in a capital loss of approximately $22.8 million (€20 million) after taxes and minority interests. Despite the loss, the company confirmed that the deal will have only an immaterial effect on its Solvency II ratio.

Generali also clarified that its adjusted net result will remain unaffected by the sale.

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