Generali Leben will stop new business in Germany in 2018, before deciding its fate. The Life division in Germany has suffered since 2015, given the ultra-low interest rate environment and such a decision is not a surprise. We have updated our estimates for 2018-19 with a lower Life operating result from the German unit. However, we are still confident that Generali will respect its dividend distribution target.
30 Nov 2017
An extremely complex German divestment
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An extremely complex German divestment
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
30 Nov 2017 -
Author:
Bassem Neifer -
Pages:
2
Generali Leben will stop new business in Germany in 2018, before deciding its fate. The Life division in Germany has suffered since 2015, given the ultra-low interest rate environment and such a decision is not a surprise. We have updated our estimates for 2018-19 with a lower Life operating result from the German unit. However, we are still confident that Generali will respect its dividend distribution target.