Generali First-Quarter Premiums Rise 6 Percent on Life Business
This article is for subscribers only.
Assicurazioni Generali SpA, Italy’s largest insurer, said first-quarter gross premiums rose 6.1 percent on a like-for-like basis, boosted by life insurance.
Total premiums increased to 19.8 billion euros ($26.3 billion) in the three months through March, from 19.1 billion euros in the first quarter of 2011, Chief Executive Officer Giovanni Perissinotto told a shareholders’ meeting today in Trieste. Life premiums rose by 6.9 percent while non-life premiums rose by 4.7 percent in the period, he said.