The Limited Times

Now you can see non-English news...

Exor, profit of 4.2 billion thanks to the sale of PartnerRe


For the holding company of the Agnelli family, a net increase of 2.5 billion compared to 2021. The new president will be the Indian Nitin Nohria (ANSA)

Exor, the holding company of the Agnelli family, closed 2022 with a consolidated profit of 4.2 billion euros compared to 1.7 billion euros in 2021. For the first time as at 31 December 2022, the financial position is positive by 0, 8 billion (+4.7 billion compared to the negative position of 3.9 billion at the end of 2021).

The net increase of 2.5 billion euros in profit is mainly attributable to the net capital gain realized on the sale of PartnerRe (2.4 billion).

The proposed ordinary dividend is 100 million, equal to 0.44 euro per share (0.43 in 2022).

As at 31 December 2022, the consolidated shareholders' equity of Exor attributable to the shareholders of the parent company amounted to 20.6 billion with a net increase of 3.86 billion, compared to 16.759 billion as at 31 December 2021.

Exor's board of directors will propose to the general meeting the appointment of Indian Nitin Nohria to the position of chairman and non-executive senior director.

Sandra Dembeck and Tiberto Ruy Brandolini D'Adda will also be proposed as new non-executive directors.

Nohria will replace Ajay Banga who, following his appointment as the next president of the World Bank, will not run again for the board of directors of Exor.

Source: ansa

All life articles on 2023-04-17

You may like

Business 2023-08-15T17:09:07.012Z
News/Politics 2023-05-08T14:36:45.551Z

Trends 24h

Life/Entertain 2023-10-04T10:02:37.627Z


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.