February 22, 2013 / 12:41 PM / 5 years ago

Germany, East Europe lift Generali 2012 premiums

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)

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