By Elena VardonAssicurazioni Generali posted a jump in gross written premiums for the first half of 2024 that topped hopes while its net profit slipped by slightly more than expected. The Italian insurer said Friday that net profit for the six months ended June 30 fell to 2.05 billion euros ($2.24 billion) from EUR2.24 billion a year earlier. Gross written premiums rose 20% on-year to EUR50.14 billion, it said. Generali was expected to report a net profit of EUR2.09 billion, operating profit of EUR3.74 billion and gross written premiums of EUR48.21 billion, according to estimates taken from a company-compiled consensus. Write to Elena Vardon at elena.vardon@wsj.com(END) Dow Jones NewswiresAugust 09, 2024 01:59 ET (05:59 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal August 09, 2024 06:09 UTC