Generali Nine-Month Net Profit Falls on One-Off Charge
November 09 2017 - 1:31AM
Dow Jones News
By Pietro Lombardi
Italian insurer Assicurazioni Generali SpA (G.MI) said on
Thursday that net profit declined in the first nine months of the
year, hit by an extraordinary loss on the sale of its Dutch
business.
The company's net profit declined 9.9% on year to 1.46 billion
euros ($1.69 billion).
Stripping off the EUR253 million loss on the Dutch disposal, the
company's net profit grew by 7.2% to EUR1.9 billion, Generali
said.
Operating income and gross written premiums were roughly stable
year on year, at EUR3.62 billion and EUR51.64 billion
respectively.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 09, 2017 02:16 ET (07:16 GMT)
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