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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Generali Ass | BIT:G | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.04 | 0.18% | 22.80 | 22.73 | 22.89 | 22.90 | 22.71 | 22.89 | 2,270,217 | 17:00:00 |
From Apr 2019 to Apr 2024
By Pietro Lombardi
Assicurazioni Generali SpA (G.MI) said Thursday that it will raise its dividend for 2017 after net profit increased slightly during the year.
The Italian insurer reported a net profit of 2.11 billion euros ($2.61 billion), up from EUR2.08 billion in 2016, a result it attributed to operating and non-operating results that improved on the back of lower impairment losses.
The Trieste-based insurer said it will propose a dividend of EUR0.85 a share, up from the EUR0.80 it paid in 2016.
"We are perfectly positioned to reach all of our objectives that we had set for 2018," Chief Executive Philippe Donnet said. "Our focus on technical excellence, combined with the results of our Investments, Asset & Wealth Management business and the cost-reduction target hit two years ahead of schedule, have pushed the operating result to record levels."
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
March 15, 2018 02:59 ET (06:59 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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