MILAN Nov 7 Italian insurer Generali
reported on Thursday a significant improvement in its capital
position thanks to a string of asset sales as the company
continues to focus on its core insurance sector.
Generali said its Solvency I ratio, a measure of capital
strength for insurers, had risen to 152 percent at the end of
October from 139 percent at the end of June following sales
including its life reinsurance assets in the United States and
minority interests in Mexico.
The insurer, Italy's biggest by premiums, also reported a
net profit of 510 million euros ($689.91 million), up 75 percent
from a year earlier and above expectations of 450 million euros
in a Reuters survey of seven analysts.
The company said it expected its full-year operating result
to improve from last year.
(Reporting By Lisa Jucca)