Generali : Q3 2024 earnings set to be marked by significant nat cat costs
>Very slight operating result growth expected in 9M - Generali is due to report its 9M 2024 results on 15 November. We forecast € 70.6bn of premiums, with very sharp growth (+16.8% over 9 months, +12.2% for Q3), very slightly above the consensus (€ 70.3bn). We see very slight operating result growth to € 5.123bn (+0.5%) in 9M (i.e. € 1.401bn, +1.6%, for Q3), very slightly short of the consensus (€ 5.154bn). In life insurance, we forecast an operating result of € 2.947...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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