Earnings Announcements

Generali first-half profit beats expectations after being boosted by asset disposals 

Key Points
  • Assicurazioni Generali's first-half net profit in the first half rose 8.8 percent to beat expectations.
  • Europe's third largest insurer said it expected to raise more than 1.5 billion euros from asset disposals carried out.
  • Net profits in the period came in at 1.329 billion euros, above an analyst forecasts.
Management shake-up important to strategy: Generali Group CEO
VIDEO4:3004:30
Management shake-up important to strategy: Generali Group CEO

Italy's top insurer Assicurazioni Generali said on Wednesday its net profit in the first half rose 8.8 percent to beat expectations, boosted by disposals.

Europe's third largest insurer said it expected to raise more than 1.5 billion euros ($1.75 billion) from asset disposals carried out, above a target of 1.0 billion euros.

Net profits in the period came in at 1.329 billion euros, above an analyst forecast provided by the company of 1.286 billion euros.