(ANSA) – MILAN, 02 AUGUST – In the first six months of 2022, Generali recorded a net profit of 1,402 million (against 1,540 million in the same half of last year). Without the write-downs on Russian investments, net profit would have stood at 1,541 million. The operating result, on the other hand, grew further to 3.1 billion (+ 4.8%), thanks to the positive development of the Life, Non-Life and Holding and other businesses segments. Gross premiums increased to 41.9 billion (+ 2.4%), thanks to the significant growth in Non-Life (+ 8.5%), particularly in the non-motor sector; almost stable premiums in Life (-0.5%) and improved profitability in both segments.
Generali initiated the buyback, in execution of the resolution of the shareholders’ meeting of 29 April, which authorized the purchase and disposal of treasury shares for a maximum total outlay of 500 million euro and for a number of shares corresponding to 3% of the capital by 29 October 2023.
(HANDLE).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
