Report
Benoit Valleaux

Generali : Increase in the solvency margin and an attractive yield expected

>We expect a very limited decline in the operating result in 2020 - Generali is set to report its 2020 earnings on 11 March next before the start of trading. We expect 2020 revenues of € 70.5bn (+1.1%), with near stability in premium income in life insurance and an increase in P&C insurance. We look for a 2020 operating result of € 5,081m (-2.1%), a shade under the consensus (€ 5,148m), with: 1/ an operating result of € 2,658m in life insurance (-15.1%) affected by a ...
Underlying
Assicurazioni Generali S.p.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

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