Generali Gross Premiums Climbed 3.2% Last Year on German Growth
Assicurazioni Generali SpA (UCG), Italy’s biggest insurer, said gross premiums climbed 3.2 percent to 69.6 billion euros ($91.8 billion) last year, driven by growth in Germany and central and eastern Europe.
Life premiums increased 3.1 percent to 46.8 billion euros, while non-life business rose 3.3 percent to 22.8 billion euros, the Trieste, Italy-based company said today in a statement.
Mario Greco, who took the helm at Generali in August, is seeking to convince investors he can revive profit and boost capital by cutting costs, shedding non-strategic assets and targeting faster-growing emerging markets.
The insurer will release full-year results on March 14.
To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net
To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net
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