Assicurazioni Generali SpA (ARZGY.PK) posted a fall in its profit for the year 2012, impacted by significant impairments, and said it expects to achieve further improvement in the total operating result in 2013, despite the continuing uncertain macro-economic environment.
Net profit for the year fell to 90 million euros from 856 million euros last year. The group said its 2012 result included 1.682 billion euros of net impairments, of which 1.271 billion euros arose in the fourth quarter.
The impairments in the fourth quarter are attributable to the AFS securities for 792 million euros, to the investment in Telco for 148 million euros, to loans and receivables for 118 million euros, to the real estate assets for 56 million euros and to other assets for 156 million euros.
However, the group's operating results rose by 10.5 percent to 4.219 billion euros.
For the year, gross written premiums increased 3.2 percent to 69.613 billion euros from last year's 69.159 billion euros.
The group said it is maintaining its dividend per share at 0.20 euros, in line with 2011.
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