Generali profit up 17% as disposals boost results

Cristiano Borean, Generali Group CFO

Generali has reported a 17% increase in net profit to €2.2bn for the first nine months of 2019, boosted by €475m from the disposal of Generali Leben and business in Belgium, as well as a 3% increase in P&C lines. After adjusting for the impact of disposals, Generali’s net profit closed the period at €1.9bn, up 6%, although this excludes…

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