Generali : Anticipated decline in net profit in Q1, but solid underlying trends
>A slight decline in operating profit anticipated - Generali is due to publish its Q1 2022 results on 19 May. We forecast premiums of € 21.2bn (+7.7%) in Q1 2022, slightly above the consensus (€ 20.8bn), with a significant increase in premiums in life insurance (+5.6%) and in P&C insurance (+11.6%), notably due to the increase in the capital of Cattolica at end-2021. We forecast operating profit of € 1,568m in Q1 2022 (-2.5%), a shade above the consensus (€ 1,551m) du...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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