Report
Benoit Valleaux

Generali : Anticipated decline in net realised capital gains in Q4 2018

>Favourable operational trends - Generali is due to publish its 2018 net profit on 14 March. We forecast total gross written premiums of € 64.7bn in 2018, down 1.8% on a reported basis but up 4.5% on a 2017 base restated for divestments undertaken by the group, with growth of 6% anticipated for the life insurance activity and 1% for P&C insurance. We forecast an operating result of € 4.89bn in 2018 (+3.7% vs 2017), a shade above the consensus (€ 4.82bn) which is more ...
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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