Assicurazioni Generali Full Year 2023 Earnings: Revenues Beat Expectations

Assicurazioni Generali (BIT:G) Full Year 2023 Results

Key Financial Results

• Revenue: €57.3b (down 25% from FY 2022).
• Net income: €3.66b (up 26% from FY 2022).
• Profit margin: 6.4% (up from 3.8% in FY 2022). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Assicurazioni Generali Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Insurance industry in Italy.

Performance of the Italian Insurance industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Assicurazioni Generali that you should be aware of.

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