• Generali’s 1Q Gross Written Premiums exceed estimates, coming in at EU26.39 billion against an expected EU23.57 billion.
• Their operating profit also surpassed expectations, recognising EU1.90 billion over the estimated EU1.89 billion.
• The Life segment reported an operating profit of EU969 million.
• The Property & Casualty segment had an operating profit of EU867 million, an increase from the anticipated EU835.3 million.
• The Asset Management segment had an operating profit of EU263 million, slightly under the estimated EU265.9 million.
• The Holding & other activities segment reported an operating loss of EU129 million, which is less than the predicted loss of EU131.9 million.
• Generali’s net income was reported at EU1.26 billion, a considerable increase over the estimated EU1.02 billion.
• Adjusted net income came in at EU1.12 billion.
• A combined ratio of 91% was reported.
• Assets under management were a whopping EU670.26 billion, a significant rise from the estimated EU514.83 billion.
• Shareholders’ equity stood at EU30.11 billion.
• The company has received 10 buy recommendations, 13 holds, and 2 sells.
A look at Assicurazioni Generali Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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, a global insurance and reinsurance provider, shows a promising long-term outlook based on Smartkarma Smart Scores. With solid scores in Value, Dividend, and Growth factors, the company demonstrates strong fundamentals for future success. Its high Momentum score highlights positive market momentum, indicating a favorable short-term performance. Although the Resilience score is slightly lower, the overall assessment points towards a company with robust financial health and growth potential.
Assicurazioni Generali S.p.A. is a leading player in the insurance industry, offering a wide range of life and non-life insurance products globally. With a diversified portfolio covering various insurance categories such as health, automobile, marine, and credit insurance, the company has established itself as a reliable and innovative provider in the market. The balanced Smart Scores across different factors suggest that Assicurazioni Generali is well-positioned to deliver sustained value to its stakeholders in the foreseeable 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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