Assicurazioni Generali 1Q Net Profit Rose
04 Mayo 2018 - 4:49AM
Noticias Dow Jones
(Adds analyst comment, earnings details.)
By Pietro Lombardi
Assicurazioni Generali SpA (G.MI) said Friday that its
first-quarter net profit increased, supported by an improvement in
operating results as well as non-operating investment result.
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 were EUR18.60 billion, compared with
EUR18.37 billion a year earlier.
The company said its operating result increased 4.9% to EUR1.25
billion, boosted by its property and casualty business, whose
operating result grew 14% to EUR528 million. The life segment's
operating result was roughly flat at EUR760 million, compared with
EUR764 million a year earlier.
"Generali has reported a strong Q1 operating profit, driven by
the non-life underwriting result and this looks to be high quality
and comes from all regions," Kepler Cheuvreux said, noting also the
good performance of the asset management division.
"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 05:34 ET (09:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Generali (BIT:G)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Generali (BIT:G)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024