In a short press release, Generali announced its Q3 16 figures. 9M 16 gross written premiums declined by 2.8% to €52.1bn, of which €36.5bn of Life sales (-4.5% yoy) and €15.6bn of P&C sales (+1.5% yoy). APE decreased by 4.8% to €3.6bn. The Italian insurer posted a 5.6% decrease in the 9M operating result to €3.6bn, but it benefited from a strong Q3 and showed 7.3% growth. The two business lines showed lower earnings with a decline of 0.4% for Life operations to &e
10 Nov 2016
Better technical performance cancelled by lower capital gains
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Better technical performance cancelled by lower capital gains
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
10 Nov 2016 -
Author:
Bassem Neifer -
Pages:
3
In a short press release, Generali announced its Q3 16 figures. 9M 16 gross written premiums declined by 2.8% to €52.1bn, of which €36.5bn of Life sales (-4.5% yoy) and €15.6bn of P&C sales (+1.5% yoy). APE decreased by 4.8% to €3.6bn. The Italian insurer posted a 5.6% decrease in the 9M operating result to €3.6bn, but it benefited from a strong Q3 and showed 7.3% growth. The two business lines showed lower earnings with a decline of 0.4% for Life operations to &e