Italy’s high insurer Generali stated on Tuesday it had posted the very best working revenue ever in 2021 due to the contribution of all of its enterprise segments.
Working revenue, a determine most carefully watched by the market, rose 12.4% to five.9 billion euros ($6.48 billion), above an analyst consensus compiled by the insurer of 5.7 billion euros [$6.26 billion].
Web revenue stood at 2.85 billion euros [$3.13 billion], up 63.3%, barely above a consensus of two.82 billion euros [$3.09 billion].
Generali’s solvency ratio, which measures the corporate’s monetary power, rose to 227% from 224% on the finish of 2020.
“The wonderful outcomes we current immediately mark the profitable conclusion of the ‘Generali 2021’ strategic plan, demonstrating as soon as once more that we ship on our guarantees.” Chief Government Philippe Donnet stated in an announcement.
($1 = 0.9112 euros)
(Reporting by Gianluca Semeraro; modifying by Agnieszka Flak)
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