Germany, East Europe lift Generali 2012 premiums

MILAN Fri Feb 22, 2013 7:40am EST

Related Topics

MILAN Feb 22 (Reuters) - Gross premiums at Italy's biggest insurer Generali rose by 3.2 percent from a year earlier helped by a strong performance in Germany and Eastern Europe.

In a statement on Friday, Europe's third-biggest insurer said premiums had risen to 69.6 billion euros ($92.03 billion) in the year.

Premiums in both the life and non-life segments increased by around 3 percent, with premiums in Germany and the Eastern European countries growing twice as fast.

Italy, the group's largest market, was the worst-performing area. Overall premiums in Generali's home turf were down 0.5 percent, hit by the economic crisis and by a 2 percent fall in the non-life business, especially the motor segment. ($1 = 0.7563 euros) (Reporting By Lisa Jucca; editing by Francesca Landini)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.