Group Affirms Full-year Outlook
(BUSINESS WIRE) -- November 10, 2023
3Q 2023:
Total business volume increases 4.5 percent to 36.5 billion euros
Operating profit softens by 14.6 percent to 3.5 billion euros; driven by the Property-Casualty business segment affected by a 7.3 percentage point impact by natural catastrophes on the combined ratio, the highest in a decade
Shareholders’ core net income 2.1 billion euros, down by 29.3 percent
9M 2023:
Total business volume rises 4.7 percent to 122.1 billion euros
Operating profit increases 3.6 percent to 11.0 billion euros: primarily driven by the Life/Health business segment
Shareholders’ core net income 6.8 billion euros, up by 25.5 percent
Further improved Solvency II capitalization ratio of 212 percent, compared with 201 percent at the end of 4Q 20221
Outlook:
2023 operating profit target confirmed at 14.2 billion euros, plus or m
...
Read more »