Risks Remain in Italy for Generali, but Shares Look Cheap
Generali reported indicators for 2018 nine-month period. While the numbers and details are a little light, we think this is actually not a bad set of numbers, given the operating environment and circumstances. Operating profit came in at EUR 3.6 billion, which is a 4% increase, and this was generally across all business segments. We are maintaining our Eur 17.30 fair value estimate and no moat and stable moat trend ratings.Probably the highlight of these results is the property and casualty com...
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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