Generali 1st Half Profit Nearly Doubled; Confirms Full-Year Outlook
03 August 2021 - 7:57AM
Dow Jones News
By Pietro Lombardi
Assicurazioni Generali SpA said Tuesday that its net profit
nearly doubled in the first half and it confirmed its outlook for
the year.
The Italian insurer's net profit rose 99% to 1.54 billion euros
($1.83 billion) in the first half.
Operating profit increased 10% to roughly EUR3 billion, as
growing results in its life segment and asset-management operations
offset a 3.6% decline in property and casualty.
"Today's excellent results confirm that we are fully on track to
successfully deliver the ambitious targets of the current 'Generali
2021' plan, even in this very challenging environment," Chief
Executive Philippe Donnet said.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
August 03, 2021 01:56 ET (05:56 GMT)
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