Generali : Strong operating momentum in Q1 2022
>Strong organic growth in Q1 - Generali yesterday morning released its Q1 2022 results. Group premium income came to € 22.322bn (+13.2% reported, +6.1% l-f-l), above expectations (consensus € 20.9bn, our forecast € 21.2bn). Note that Cattolica has been fully consolidated since mid-Q4 2021. In particular, there was strong growth in P&C insurance (+6.4%), driven by brisk growth excluding motor insurance (+8.2%). In life insurance, organic growth was also robust (+6.0%)...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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