May 15, 2020 / 6:35 PM / 9 days ago

BRIEF-Italy's Cattolica proposes no dividend, Q1 profit down on writedowns

May 15 (Reuters) - Italian insurer Cattolica says:

* GROUP NET PROFIT FELL 45.9% TO 14 MILLION EUROS IN Q1 AFTER WRITE-DOWNS

* PROPOSES THE ALLOCATION OF 2019 RESULT TO RESERVES

* CONFIRMS GUIDANCE FOR FY OPERATING RESULT OF 350-375 MILLION EUROS DESPITE INCREASING RISKS LINKED TO EFFECTS OF CORONAVIRUS Further company coverage: (Reporting by Milan newsroom)

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