Company Profile For Assicurazioni Generali S.p.A.

Assicurazioni Generali S.p.A. (GASI.MI) (Milan Stock Exchange)

sector: Financials · industry: Insurance - Life & Health ·

As of 24 Nov 2009

17.78EUR

Price Change

-0.20

Percent Change

-1.11%

Analyst Recommendations

Overview

Assicurazioni Generali SpA is an Italy-based Company engaged in the insurance and financial products market. The Company acts as the parent to the Generali Group (the Group). The Group operates in all branches of insurance, from mass risks, such as motor vehicle third-party liability insurance, to sophisticated covers for the industrial sector, and simple household insurance to the complex needs of large multinationals. Its product offerings also include a range of financial services and asset management. Its subsidiaries include BSI-Generali Asia Ltd, G.G.I. SpA, GBS ScpA, Toro Assicurazioni SpA and others. The Group operates in approximately 40 countries worldwide, including China, India, Germany, France, Austria, Spain, Switzerland and Israel, among others.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Assicurazioni Generali SpA's total revenue increased 24% to EUR62.44B. Net income for the period from continuing operations decreased 52% to EUR807.9M. Total revenue reflects an increase in demand for the Company's financial services. Net income for the period from continuing operations was offset by a decrease in operating margins due to higher commission expenses.