Excellent figures released this morning by Generali. Life and Non-Life sales improved by 3% and 1.4%, respectively. The operating earnings, which amounted to €1,253m, up 4.3% yoy, boosted the consolidated earnings as the the Life segment posted a slight declining operating result at €760m (-0.5% yoy). This is not bad news as the business mix is strongly changing towards Unit-Linked products. Net profit income stood at €581m (+8.6% yoy). No changes are expected in our model.
04 May 2018
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Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
04 May 2018 -
Author:
Bassem Neifer -
Pages:
2
Excellent figures released this morning by Generali. Life and Non-Life sales improved by 3% and 1.4%, respectively. The operating earnings, which amounted to €1,253m, up 4.3% yoy, boosted the consolidated earnings as the the Life segment posted a slight declining operating result at €760m (-0.5% yoy). This is not bad news as the business mix is strongly changing towards Unit-Linked products. Net profit income stood at €581m (+8.6% yoy). No changes are expected in our model.