Generali : Solid net result despite high natural catastrophe costs
>Continuing strong growth in P&C premiums - Generali reported its 9M 2023 results on Friday. Premiums came in at € 60.5bn (+4.3% reported, +4.7% l-f-l), close to expectations, with further strong growth in P&C insurance to € 23.4bn (+11.4% l-f-l. and around +8% excl. Europ Assistance) amid ongoing price increases. In life insurance, premiums amounted to € 37.0bn (+0.9% in 9M), with a sequential improvement in commercial momentum. Net outflows in life insurance amounte...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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