MILANO (Reuters) – Nine-month results at Italy’s top insurer Generali beat market expectations thanks to the contribution of life and asset management segments as non-life business proved resilient despite higher natural catastrophe claims.
Net profit rose 74% to 2.25 billion euros ($2.60 billion), above the average forecast of 2.13 billion euros in an analyst consensus provided by the company.
Operating profit, a figure most closely watched by the market, rose 10% to 4.4 billion euros.
Generali is on track to successfully complete its strategic plan to 2021, the company said in a statement on Thursday.
($1 = 0.8648 euros)
(Reporting by Gianluca Semeraro; editing by Agnieszka Flak)
