22-05-2025
Generali exceeds quarterly profit forecasts amid Banca Generali bid review
MILAN, May 22 (Reuters) - Italy's Generali ( opens new tab beat expectations with profits in the first quarter, it said on Thursday, as it prepares its review of Mediobanca's ( opens new tab bid for the insurer's private bank Banca Generali ( opens new tab.
Generali's operating profit, most closely watched by the market, grew 8.9% year-on-year in the quarter to 2.1 billion euros ($2.38 billion), driven by a strong performance of non-life business segment.
The figure was slightly ahead of an analyst consensus provided by the insurer of 2 billion euros.
($1 = 0.8827 euros)
