Generali Confident of Beating Targets After Nine-Month Profit Rise

what happened

Italian insurer Assicurazioni Generali reported higher net profit for the first nine months of the year, despite larger losses from natural catastrophes and human-made events, according to Dow Jones Newswires. Net profit reached 3.6 billion euros, up 12% from a year earlier and above the 3.49 billion euro consensus estimate compiled by the company.

Operating profit rose 8.5% to 6.45 billion euros, slightly below the 6.48 billion euro analyst forecast. Gross written premiums increased 4.5% to 76.52 billion euros, against expectations of 76.82 billion euros. Chief Financial Officer Cristiano Borean said the results gave the group great confidence to exceed all targets of its strategic plan.

why it matters

For markets, the key points are profit growth and confidence in the 2025–2027 plan, which targets annual earnings-per-share growth of 8% to 10% and dividend increases above 10%. Losses of more than 1 billion euros from catastrophes and large man-made events show that insurers still face significant risks.

market impact

Европейское страхование: сильные результаты поддерживают акции крупных страховщиков

• ▲Generali pressure up — profit above expectations and confidence in targets support investor interest

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