HALISTER: Generali 4Q Net Misses Estimates; Dividend Beats BDVD Est.

Generali 4Q Net Misses Estimates; Dividend Beats BDVD Est.

(Bloomberg) -- Generali 4Q operating profit EU946m compares with est. EU1.07b (3 ests.), EU840m year earlier.
  • 4Q life operating profit EU627m vs EU727m yr earlier
  • 4Q non-life operating profit EU382m vs EU300m yr earlier
  • 4Q net income EU304m vs est. EU476m (4 ests.)
  • Proposes div. EU0.72/share vs BDVD est. EU0.70/share
  • 2015 operating profit +6.1% to EU4.8b
  • 2015 net profit +22% to EU2b
  • Economic Solvency ratio at 202% as calculated under group’s full internal model (186% FY14)
  • Group shareholders’ equity EU23.6b
  • Combined ratio 93.1%
  • In 2016 Generali will continue to pursue strategic actions of new development phase, confirming target of operating ROE above 13%, and improving shareholder remuneration, consistently with strategic plan presented to the market
  • NOTE March 17: Generali Appoints Italy Chief Donnet as CEO After Greco’s Exit
  • Related
    • Stock has risen 8.4% month-to-date vs a 5.7% rise in Stoxx 600 Insurance index; is down 18% YTD vs a 10% fall in SXIP index
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
G IM (Assicurazioni Generali SpA)

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