Generali : Good resilience expected from operating profit in Q1
>Expected erosion in operating profit with a more marked contraction in net profit - Generali is due to report its Q1 2020 results on Thursday 21 May before the market opens. We forecast premiums of € 18.7bn, down 1%, with an expected increase of 4% in P&C insurance and a 3% decrease in life insurance. We are expecting operating income of € 1,312m, down 2.5% (vs € 1,297m for the consensus), with an estimated 7% contraction in insurance in light of the erosion in the f...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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