Again, Generali confirmed it was in good health. Life and Non-Life sales improved by 8.5% and 3.1% to €12,502m and €6,371m, respectively. The operating earnings stood at €1,346m, up 6.9% yoy. Disposals boosted the Q1 19 net profit to €744m (up 28.1% yoy). The adjusted net profit was €616m, up 6% yoy. AuM reached c. €520m and generated operating earnings of €71m. Solvency II ratio was 207%. Our model will be adjusted slightly up with always a positive opinion
16 May 2019
Solid gains in all business lines
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Solid gains in all business lines
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
16 May 2019 -
Author:
Bassem Neifer -
Pages:
3
Again, Generali confirmed it was in good health. Life and Non-Life sales improved by 8.5% and 3.1% to €12,502m and €6,371m, respectively. The operating earnings stood at €1,346m, up 6.9% yoy. Disposals boosted the Q1 19 net profit to €744m (up 28.1% yoy). The adjusted net profit was €616m, up 6% yoy. AuM reached c. €520m and generated operating earnings of €71m. Solvency II ratio was 207%. Our model will be adjusted slightly up with always a positive opinion