Trending: Generali Posts 1Q Earnings Rise, Confirms Targets
26 May 2023 - 12:15AM
Dow Jones News
1345 GMT - Generali is among the most mentioned companies across
news items over the past 12 hours, according to Factiva data, after
the Italian insurer posted strong earnings growth in the first
quarter of the year. The company said gross written premiums
increased to 22.17 billion euros ($23.84 billion) in the quarter,
up from EUR21.53 billion the year prior, while consolidated
operating results rose to EUR1.82 billion from EUR1.49 billion the
year prior. The company confirmed targets based on its strategic
plan, saying it expects compound annual growth rate in EPS of
between 6% and 8% in 2021-24, and to distribute cumulative
dividends between EUR5.2 billion and EUR5.6 billion in the
2022-2024 period. Dow Jones & Co. owns Factiva.
(cecilia.butini@wsj.com)
(END) Dow Jones Newswires
May 25, 2023 10:00 ET (14:00 GMT)
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