Generali 1Q 2019: Decent Results Reported Again
Generali reported a searing set of results for the first quarter of 2019. The company has made about EUR 615 million of net and EUR 1.3 billion operating profit on an adjusted basis. These figures are close to our full-year estimates and are between 6% and 7% increases. We maintain our EUR 17.30 fair value estimate and no-moat rating.There's not a lot of negative news to be taken away from these results. Segment profits are up and holding expenses are down. We think probably two of the best key...
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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