Generali Signals Confidence in Beating Targets After Earnings Rise

By Adria Calatayud

Assicurazioni Generali reported a rise in net profit for the first nine months of the year despite higher losses from natural catastrophes and human-made events, and said the results make it confident in exceeding its midterm targets.

The Italian insurer said Friday that it made a net profit for the period of 3.6 billion euros ($3.98 billion), up 12% compared with the year-earlier period. The figure beat analysts' expectations of 3.49 billion euros, according to consensus estimates compiled by the company.

Operating profit--a metric closely watched by analysts and investors--rose 8.5% to 6.45 billion euros. Analysts had forecast 6.48 billion euros.

Generali said all its businesses contributed to profit growth. Its life segment--the group's biggest--benefited from growing net inflows and strong profitability, while its property-and-casualty unit weathered a hit of more than 1 billion euros from natural catastrophe and large man-made events. The group's asset and wealth management operations saw operating profit jump 23%.

Gross written premiums increased 4.5% to 76.52 billion euros, against analysts' expectations of 76.82 billion euros.

"This further reinforces the group's competitive position and provides us with great confidence to exceed all the targets of our [...] strategic plan," Generali Chief Financial Officer Cristiano Borean said.

Generali launched a three-year plan at the beginning of last year and said it would target annual earnings-per-share growth of between 8% and 10% and a dividends increase of more than 10% over the 2025-27 period.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

November 13, 2026 01:26 ET (06:26 GMT)