Report
Benoit Valleaux

Generali : A resilient business model in the face of the crisis

>Lower premiums expected in life insurance - Generali is due to report its H1 2020 results on 30 July before trading. We forecast H1 2020 premiums down 3.4% at € 34.5bn (i.e. premiums of € 15.3bn for Q2, down 9.0%). We thus expect life insurance premiums to be down 7% in H1 as a result of the lockdown (despite sharply higher sales as lockdown measures were lifted), whereas P&C insurance premiums are expected to have shown growth of 5%. We also forecast a 6% fall in li...
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

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