Assicurazioni Generali Raises Dividend After 2017 Net Profit Rose Slightly
15 Marzo 2018 - 01:14AM
Noticias Dow Jones
By Pietro Lombardi
Assicurazioni Generali SpA (G.MI) said Thursday that it will
raise its dividend for 2017 after net profit increased slightly
during the year.
The Italian insurer reported a net profit of 2.11 billion euros
($2.61 billion), up from EUR2.08 billion in 2016, a result it
attributed to operating and non-operating results that improved on
the back of lower impairment losses.
The Trieste-based insurer said it will propose a dividend of
EUR0.85 a share, up from the EUR0.80 it paid in 2016.
"We are perfectly positioned to reach all of our objectives that
we had set for 2018," Chief Executive Philippe Donnet said. "Our
focus on technical excellence, combined with the results of our
Investments, Asset & Wealth Management business and the
cost-reduction target hit two years ahead of schedule, have pushed
the operating result to record levels."
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
March 15, 2018 02:59 ET (06:59 GMT)
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