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Assicurazioni Generali S p A : Italian insurer Generali upbeat on 2021 after excellent 2020

Message : Required fields MILAN (Reuters) - Generali is confident it can hit its targets this year after Italy s biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating profit, which is closely watched by the market, rose 0.3% to 5.21 billion euros ($6.2 billion) in 2020, Generali said, despite a 123 million euro hit from COVID-19. Generali shares were up 2% at 0830 GMT on Thursday, outperforming a flat European insurers index. After an excellent 2019 and an excellent 2020 we are well positioned to close out 2021 well, Generali Chief Executive Philippe Donnet told a news briefing. Asked if he felt under shareholder scrutiny, Donnet said it had not been a given that the Italian insurer would perform well in the unprecedented scenario of the health crisis.

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