(ANSA) - MILAN, 02 AUG - In the first six months of 2022, Generali recorded a net profit of 1,402 million (compared to 1,540 million in the same half of last year).
Without the valuations on Russian investments, net profit would have stood at 1,541 million.
The operating result, on the other hand, grew further to 3.1 billion (+ 4.8%), thanks to the positive development of the Life, Non-Life and Holding segments and other businesses.
Gross premiums are up to 41.9 billion (+ 2.4%), thanks to the significant development of Non-Life (+ 8.5%), particularly in the non-motor sector;
almost stable premiums in Life (-0.5%) and improved profitability in both segments.
Generali initiated the buyback, in execution of the resolution of the shareholders' meeting of 29 April, which authorized the purchase and disposal of treasury shares for a total outlay of 500 million euros and for a number of shares corresponding to 3% of the capital by 29 October 2023.
(ANSA).