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Generali profits 37.3% up

In line with market expectations

09 November, 10:40
Generali profits 37.3% up (ANSA) - Milan, November 9 - Italian insurance giant Generali on Friday reported profits of 1.1 billion euros in the first nine months of the year, 37.3% up on the same period in 2011 and in line with market expectations.

Generali chief Mario Greco said he was confident the group would "reach an operating result of over four billion at the end of the year".

This year's devastating quake in the Emilia Romagna region had a 156-million-euro impact on results.