Generali sees adverse market conditions impact results but COR improves
Market conditions hit Generali’s bottom line via its investments for the first quarter, with net profit down 13.8% (or €588m), but combined operating ratio improved to 92% from the previous quarter.
The insurer's annualised operating return on equity was on target at 13.3%, keeping it in line with the company's strategy.
Generali general manager and group CFO, Alberto Minali, said: "Despite a
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