Generali : Q3 2023 net income will be marked by the high cost of natural catastrophes
>Operating result expected to show strong growth despite natural catastrophes in Q3 - Generali is set to report its 9M 2023 results, which will be based on the new IFRS 17 accounting standard, on 17 November. We forecast premiums of € 60,986m (vs € 57,944m for 9M 2022 in IFRS 17), a shade above the consensus (€ 60,212m), notably with strong growth in P&C insurance (+12.5%), benefiting from the increase in prices, and more modest increase in life insurance (+1.1%). We...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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