Generali Expects Improved Capital Position at End of First Quarter
28 Aprile 2023 - 4:58PM
Dow Jones News
By Adria Calatayud
Assicurazioni Generali SpA's capital position is expected to
have improved at the end of the first quarter compared with three
months earlier despite market turbulence, Chief Financial Officer
Cristiano Borean said Friday.
The Italian insurance company's solvency ratio--a measure of
capital strength--is expected to be around 230% at the end of the
first quarter, Mr. Borean said. Last month, Generali said its
solvency ratio was 221% at the end of 2022.
Generali's CFO made the remarks at its annual general meeting,
where shareholders backed the appointment of Stefano Marsaglia as a
member of the board of directors to replace Francesco Gaetano
Caltagirone, one of the company's top shareholders.
The AGM also elected a new board of statutory auditors for the
2023-25 period with Carlo Schiavone as chair as well as Paolo Ratti
and Sara Landini, Generali said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 28, 2023 10:43 ET (14:43 GMT)
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