Generali results News

Generali Reports Record Operating Profit in 2021, as Board Battle Looms

Italy’s top insurer Generali, facing a power struggle over its management, said on Tuesday it posted record operating profit last year thanks to a strong contribution from all of its business segments. Generali also said it continued to monitor the …

Generali’s Operating Profit Increases 10.4% During First Half

Generali on Tuesday said it was on track to meet full-year targets after Italy’s top insurer reported a good performance across all business sectors to slightly beat first-half expectations. Operating profit rose 10.4% to 3 billion euros ($3.6 billion) versus …

Italy’s Generali Expects to Hit 2021 Targets After Reporting ‘Excellent’ Results in 2020

MILAN – Generali is confident it can hit its targets this year after Italy’s biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating profit, which is closely watched by the …

Generali’s First Half Net Profit Drops 56.7% with COVID Hit

Generali’s first half net profit dropped by 56.7% to €774 million ($909.8 million), compared with €1.8 billion (US$2.1 billion) reported for the same period in 2019. The combined ratio improved to 89.5% (91.8% in H1 2019), driven by the improvement …

Update: Generali 1st Quarter Net Profit Plunges 84.8% on COVID-19 Investment Hit

Generali’s first quarter net profit plunged 84.8% to €113 million (US$124 million) from €744 million (US$815.5 million) reported in Q1 2019, as a result of the impact of the COVID-19 pandemic on financial markets. The hit to its Q1 net …

Italy’s Generali Posts Record Operating Result for 2019

Italy’s biggest insurer Assicurazioni Generali confirmed all its targets through 2021 on Friday, after posting a record operating result for 2019, despite coronavirus-related uncertainty and soaring market volatility. Italy has been hardest hit by the outbreak in Europe, with 15,113 …