By Cecilia ButiniAssicurazioni Generali on Thursday posted rising earnings for the first quarter and backed its strategic plan view for the period 2021-24. The Italian insurer posted gross written premiums of 22.17 billion euros ($23.84 billion) in the quarter, up from EUR21.53 billion the year prior, and a consolidated operating result of EUR1.82 billion, from EUR1.49 billion the year prior. Profit was substantially higher in the quarter, with the adjusted net result totaling EUR1.23 billion, from EUR821 million the year prior, and net profit rising to EUR1.20 billion from EUR481 million in the previous year, the company said. Generali's solvency ratio stood at 227% in the quarter, the insurer said. Write to Cecilia Butini at cecilia.butini@wsj.com(END) Dow Jones NewswiresMay 25, 2023 01:59 ET (05:59 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal May 25, 2023 12:07 UTC