Generali posts 1.6 bln euro net profit in first nine months

Insurer increases premiums by 6.4% in same period

(ANSA) - Milan, November 6 - Italian insurance giant Generali reported a net profit of 1.588 billion euros in the January-September period, the company said in a statement Thursday.
    This represented a growth of 7.5% excluding discontinued operations, Generali added. Net income in the first nine months of 2013 was 1.591 billion euros.
    Total premiums increased by 6.4% to 51.3 billion euros in the first nine months of 2014, driven by business mix and new products, the company said. "The solid nine-month results show that the group's operating performance and capital position are continuing to develop despite an adverse market scenario," Financial Director Alberto Minali said.


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