Generali: Q1 NP up 50% at E1.2bn
(CercleFinance.com) - Generali today announced its Q1 results, reporting "strong and profitable" growth, with adjusted net profit reaching E1,229m (+49.
7%).
Operating profit increased to E1,820 million (+22.1%), mainly due to a strong contribution from the Property & Casualty segment, while the Life segment resisted well.
Gross written premiums increased to E22.2bn (+1.3%), driven by robust growth in P&C (+10.1%).
The solvency ratio is "extremely strong at 227%", vs. 221% for FY 2022.
Buoyed by its results, Generali confirmed all the targets in its strategic plan, including a 6%-8% p.a. increase in EPS.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
7%).
Operating profit increased to E1,820 million (+22.1%), mainly due to a strong contribution from the Property & Casualty segment, while the Life segment resisted well.
Gross written premiums increased to E22.2bn (+1.3%), driven by robust growth in P&C (+10.1%).
The solvency ratio is "extremely strong at 227%", vs. 221% for FY 2022.
Buoyed by its results, Generali confirmed all the targets in its strategic plan, including a 6%-8% p.a. increase in EPS.
Copyright (c) 2023 CercleFinance.com. All rights reserved.