Consolidated Results at 30 September 2009
November 10th, 2009
Milan, 5 November 2009. At a meeting chaired by Antoine Bernheim, the Board of Directors of Assicurazioni Generali approved the consolidated results at 30 September 2009. Strong recovery in the third quarter: shareholders’ equity up by € 2 billion to € 13.6 billion (+16.9%); net profit for the nine months at € 894 million, exceeding 2008 full-year profit thanks to the significant rebound in third-quarter net profit from € 210 million to € 390 million; production growth resumes, premiums for the nine months total € 50.4 billion (+1.5%). Life net inflows reach € 11.1 billion (+22%). Commenting on the results, Antoine Bernheim said: “We are satisfied to report strong growth in the third quarter despite the macroeconomic backdrop, with a healthy recovery in both Life and Non-Life production. We achieved this significant result thanks to our widespread distribution networks, geographical diversification and the attainment of important cost-reduction targets. On this last point, we are reaping the benefits of the investments made in the last few years to boost Group efficiency. This suggests we can expect a higher net profit for the full year compared with 2008.”Click Here to View the Press Release