Generali : Good operating result in P&C, strong solvency margin and higher dividend
>2020 operating result slightly higher than expected - Generali reported its 2020 earnings yesterday morning. Premiums came in at € 70.7bn (+1.3% reported, +0.5% l-f-l). In life insurance, new business volume showed growth of 3% on l-f-l in 2020, with net inflows of € 12.1bn and a good product mix, which helped keep the new business margin up despite the drop in rates. Generali's 2020 operating result came to € 5.208bn (+0.3%), just beating expectations (our forecast...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.
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