Generali Reports Improved Life in 3Q 2016
Generali Reports improved performance in the life division in the third quarter, but at this point we maintain our fair value estimate of EUR 15 per share and no moat rating.The company changed its reporting approach, providing little detail on the quarterly results and placing emphasis on full year performance.
At Group level, premium development was below our expectations and declined 3% mainly from the life segment as a result of disciplined policy writing which has led to a 30 basis point ...
Assicurazioni Generali is the parent company for The Generali Group (the Group), an insurance and financial services provider. The commercial offer is composed of savings and pure risks policies, which constitute the majority of the portfolio, which includes protection and pension funds. In the non-life sector the Group is focused primarily on the retail market. In addition, through the Europ Assistance Group, Co. is engaged in services in motor, travel, health, home and family. The Group has also expanded its business from insurance to a range of asset management, property and financial services.
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