Assicurazioni Generali to Raise Dividend for 2016 by 11% on Year
16 March 2017 - 6:11PM
Dow Jones News
By Giovanni Legorano
ROME--Italian insurer Assicurazioni Generali SpA (G.MI) said
Thursday it plans to raise its dividend payment for 2016 by 11%
from a year ago after posting a higher net profit for the
period.
The company said it plans to pay a EUR0.80 dividend a share for
last year, compared with the EUR0.72 it paid for 2015.
Net profit for the year stood at EUR2.1 billion ($2.2 billion),
up 2.5% from the previous year.
The Trieste-based insurer said the net profit was buoyed by
improved performance across different segments of the business and
lower costs.
Write to Giovanni Legorano at giovanni.leograno@wsj.com
(END) Dow Jones Newswires
March 16, 2017 02:56 ET (06:56 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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