Report
Carine Maciol

Generali : Une solidité déjà bien reflétée dans les prix – Reco abaissée de Achat à Neutre

Les récents upgrade et mise sous perspective positive des agences reflètent bien une amélioration de la qualité du crédit à la fois (i) grâce à une amélioration du mix produits du stock de contrats d’assurance vie, avec la dilution des contrats à taux garantis alors que la part des contrats avec des UC progresse, (ii) une meilleure rentabilité qui en découle et une période Covid/post covid qui a induit de moindres pertes en P&C ; (iii) une solvabilité confortable, mais qui demeur...
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
Carine Maciol

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