Generali Posts Higher Profit on Growth Across Businesses
By Adria Calatayud
Italy's Assicurazioni Generali reported a higher net profit for the first half, with earnings growing across its three business, and launched a 500 million-euro ($577.7 million) share buyback.
The insurer said Thursday that net profit was 2.54 billion euros, up 18% on the year-earlier period. Analysts had forecast 2.36 billion euros, according to consensus estimates provided by the company.
Generali said its operating result rose 11% to 4.505 billion euros, beating consensus expectations of 4.38 billion euros. The insurer said all three business segments--life, property and casualty, and asset and wealth management--contributed to the increase.
Gross written premiums increased 5.8% to 53.42 billion euros, ahead of consensus estimates of 53.04 billion euros.
The insurer said its life business recorded net inflows of 8.3 billion euros, which it called a record performance for a half year.
Generali said it would launch a buyback program for a maximum of 500 million euros, which is in line with the capital-management policy of its 2025-27 business plan.
The group remains fully committed to the targets of its plan, Generali Chief Executive Philippe Donnet said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
August 06, 2026 12:21 ET (16:21 GMT)
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