Generali Posts Higher Nine-Month Profit

Generali reported higher nine-month profits as operating income rose 8.5 percent to €6.45 billion. The insurer absorbed €1.5 billion in disaster hits while remaining on track to exceed targets.

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An Assicurazioni Generali SpA's logo is seen on a building of their offices in Saint-Denis, near Paris, France, February 27, 2018.

GENERALI posted an 8.5% operating profit rise to €6.45 billion on Friday morning in Italy, overcoming €1.5 billion in disaster hits. The country's largest insurer reported adjusted net profit climbed 12% to €3.7 billion. Both figures aligned with analyst expectations as the firm tracked toward its 2027 strategic goals.