Generali 1H Performance Highlights
- Generali’s operating profit for the first half of 2024 was EU3.72 billion, below the expected EU3.81 billion.
- The life segment’s operating profit was EU1.96 billion.
- Property & casualty segment reported an operating profit of EU1.73 billion, missing the estimate of EU1.78 billion.
- Asset management operating profit reached EU566 million, slightly exceeding the estimate of EU562.1 million.
- Holding & other activities recorded a higher operating loss of EU227 million, compared to the expected loss of EU185.6 million.
- Gross written premiums amounted to EU50.14 billion.
- Net income was EU2.05 billion, just shy of the estimated EU2.08 billion.
- The combined ratio was reported at 92.4%.
- Generali’s solvency ratio stood at 211%, below the estimated 213%.
- Assets under management were significantly higher at EU820.79 billion against the expected EU615.55 billion.
- Shareholders’ equity was EU29.20 billion, above the estimate of EU28.79 billion.
- Analyst recommendations include 10 buys, 13 holds, and 2 sells.
A look at Assicurazioni Generali Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Assicurazioni Generali S.p.A., a global provider of insurance and reinsurance services, exhibits a promising long-term outlook based on the Smartkarma Smart Scores. With a strong score in Dividend and Momentum, the company is positioned to deliver consistent returns to its shareholders while maintaining positive growth potential. Additionally, its solid Value and Growth scores indicate a company with attractive fundamentals and growth prospects.
Although facing moderate challenges in Resilience, Assicurazioni Generali‘s overall score reflects a well-rounded profile with notable strengths. As a key player in the insurance industry offering a wide range of coverage options worldwide, the company’s strategic positioning and performance across key factors signal a stable and potentially rewarding investment opportunity for the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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