By Pietro Lombardi

Assicurazioni Generali SpA (G.MI) said Friday its first-quarter net profit increased, supported by improving results in both operating and non-operating investment.

The Italian insurer said net profit for the period was 581 million euros ($696.1 million) compared with the EUR535 million it reported a year earlier, representing an 8.6% rise.

Gross written premiums declined slightly to EUR18.60 billion from EUR18.37 billion.

The company said its operating result increased 4.9% to EUR1.25 billion, boosted by its property and casualty business.

"The results of the first quarter allow us to look at the rest of the year with optimism as we successfully complete our strategic plan," Chief Financial Officer Luigi Lubelli said.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

May 04, 2018 01:52 ET (05:52 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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