Generali posted a 3.9% increase in the 9M 18 operating result to €3,607m. The Life segment was the main contributor to this improvement, increasing by 3.3% to €2,241m. The P&C business posted operating earnings at €1,500m, up 2.1% yoy. Net profit increased by 26.8% to €1,855m, better than our expectations (+17.8% for FY 18), mainly thanks to the non-operating performance and the result from disposals. The result before discontinued operations was up 4.8% yoy to €1
08 Nov 2018
Above forecasts
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Above forecasts
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
08 Nov 2018 -
Author:
Bassem Neifer -
Pages:
3
Generali posted a 3.9% increase in the 9M 18 operating result to €3,607m. The Life segment was the main contributor to this improvement, increasing by 3.3% to €2,241m. The P&C business posted operating earnings at €1,500m, up 2.1% yoy. Net profit increased by 26.8% to €1,855m, better than our expectations (+17.8% for FY 18), mainly thanks to the non-operating performance and the result from disposals. The result before discontinued operations was up 4.8% yoy to €1