Home News Assicurazioni Generali achieved in first quarter profit surge

Assicurazioni Generali achieved in first quarter profit surge

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TRIESTE (Dow Jones) – Italian insurer Assicurazioni Generali In the first quarter of 2010 thanks to the business of his life Earnings increased significantly. As the Assicurazioni Generali SpA on Wednesday announced that net income climbed to 527 million EUR to 103.8 million EUR in Period last year. Analysts had expected only 476 million EUR.
In the life segment, operating income rose in first quarter significantly to 866 (previous year 563) million to EUR. Worse, it was in contrast Non-Life: This broke the outcome of the group from Trieste to 335 one million to EUR 449 million EUR. The combined ratio stood at the end of March 98%.
The company reiterated its forecast that the expected to increase net income and operating margins in the full year.

   

Website: www.generali.com

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(END) Dow Jones Newswires

May 12, 2010 08:43 ET (12:43 GMT)

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