Generali profits rise, capital reserves hit low interest rates in third quarter
Share:
MILAN (Reuters) - Italy's biggest insurer Assicurazioni Generali reported a rise in 9-months profit on Thursday that was broadly in line with market estimates, though capital ratios fell due to regulatory changes and low interest rates. Generali's solvency ratio, a key measure of financial strength, stood at 204%, down from 217% at the end of 2018, due to expected regulatory changes and lower interest rates in the third quarter, the company said.The fall in interest rates was not fully..