Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Generali : Solid results expected in 2021, but upside slightly below the sector average

>Commercial momentum still strong - Generali is due to report its 2021 results on 15 March. To recap, the group increased its stake in Cattolica to 84.5% last November, which implies a change of consolidation method over the last two months of 2021. We expect premiums of € 75.2bn (+6.4%), slightly ahead of the consensus (€ 73.6bn), with a significant increase in life insurance and in P&C insurance. In life insurance, we forecast a better new business margin of 4.52% (...
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

Roland Pfaender,MBA,CFA,CCRA

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