Generali : Generali remains well-armed to weather the crisis
>Good resilience by underlying profitability - Generali reported H1 2020 net profit yesterday. Premiums beat forecasts at € 36.5bn (+2.1% reported, +1.2% like-for-like), aided by the sale in June of a very large pension contract (€ 1.5bn). Operating result fell by 0.4% to € 2.74bn in H1, close to forecasts. Excluding the COVID impact, it would have grown by 2.7% to € 2.8bn. The operating result performance was mixed by business line, beating forecasts in P&C insuranc...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.
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.
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