Generali P&C profits increase

The P&C division of Italian insurance giant Generali achieved
an 11 percent increase in its operating profits to EUR501mn in the
third quarter, according to its interim management statement today
(5 November).
The carrier's P&C top line also increased, rising by 2.4
percent to EUR4.5bn, thanks in part to a 3.6 percent uplift in
non-motor business.
The combined ratio also declined by 1.9 percentage points to
92.7 percent, with 0.9 points attributed to the impact of natural
catastrophes.
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