Generali : 2023 operating profit should be solid despite natural catastrophes
>Operating profit up over full-year 2023 - Generali is due to report its 2023 results on 12 March, under IFRS 17. We expect a 4.6% increase in premiums to € 81,508m (vs € 77,890m in 2022 under IFRS 17), a shade below the consensus (€ 81,978m), with strong growth in P&C (+10.0%), benefiting from price rises, and more moderate growth expected in life insurance (+1.5%). We expect operating profit of € 6,801m (+6.7% vs 2022), slightly below the consensus (€ 6,826m, +7.1%)...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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