Generali's profit falls nearly 10%
Posted On: May. 19, 2017 4:00 AM CSTItalian insurer Assicurazioni Generali S.p.A.'s net profit declined 9% year over year to €535 million ($600 million) in the first quarter, due to lower non-operating investment result and higher taxes, Xprimm.com reported. Gross written premiums fell 2.5% to more than €19 billion. Property/casualty premiums grew nearly 2% to around €6.5 billion.