In the first half of the year, the Generali group recorded a net profit of 1,075 billion euros, a decrease of 0,5% compared to the same period last year. The effect of discontinued operations, in particular BSI for 113 million euros, negatively weighed on the result. The operating result instead rose by 9,5% to 2,51 billion, posting a growth of 20,4% in the second quarter.
Premium income increased by 3,4% to 35,4 billion, of which 24,2 billion in life (+5,4%) and 11,2 billion in non-life (-0,7%). Operating profit in life was 1,55 billion (+4,8%) and in non-life 1,03 billion (+14,8%). Capital strengthening continues, which translates into a Solvency I ratio of 162%, up 21 points since the end of the year, a surplus of 11,2 billion. On a pro-forma basis, Solvency stands at 164% including the sale of BSI and the purchase of the residual 24% of the central-eastern Europe subsidiary Gph.
At the opening of Piazza Affari, in a negative start to the session for the Ftse Mib, the Generali share gains 1,6% against the trend 15,56 euro.
