Generali posted resilient operating earnings in H1 20 at €2,714m, -0.4% yoy. The excellent P&C segment’s performance (+13.1% to €1,302m) compensated for the decline in profitability of the Life division (-15% in operating result to €1,369m). The asset management business showed an improvement in earnings to €219m. The net result decreased by 56.7% to €774m, mainly affected by impairments on investments (€-431m) and the contribution to efforts against CO
30 Jul 2020
Resilient operating earnings
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Resilient operating earnings
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
30 Jul 2020 -
Author:
Bassem Neifer -
Pages:
3
Generali posted resilient operating earnings in H1 20 at €2,714m, -0.4% yoy. The excellent P&C segment’s performance (+13.1% to €1,302m) compensated for the decline in profitability of the Life division (-15% in operating result to €1,369m). The asset management business showed an improvement in earnings to €219m. The net result decreased by 56.7% to €774m, mainly affected by impairments on investments (€-431m) and the contribution to efforts against CO