Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Generali : Good 9M 2021 earnings expected, target price increased following successful offer for Cattolica

>Operating result growth expected despite natural catastrophes in Q3 - Generali is due to report its 9M 2021 results on 11 November. We expect premiums of € 54.0bn (+3.8%), in line with the consensus, with forecast premium growth of 4.0% in life insurance and 3.5% in P&C insurance. We forecast a 9M 2021 operating result of € 4.247bn (+5.6%), also close to the consensus (€ 4.242bn), which corresponds to an operating result of € 1.251bn (-4.4%) in Q3 2021, given the exp...
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

Roland Pfaender,MBA,CFA,CCRA

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