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Ialian insurer Assicurazioni Generali S.p.A.'s operating profit decreased 10.5% in the first half of 2016, Reuters reports.
Generali said that its earnings before interest and tax totaled €2.49 bill
ion ($2.75 billion) during the period.
The insurer's premium volume fell by 2% to €37 billion in the first half.
Generali CEO Philippe Donnet said that the insurer would rebalance its portfolio, concentrating on businesses that absorbs less capital and liquidity.