Europe's third-largest insurer, Generali, reported earnings largely in line with market expectations on Thursday, supported by cost reductions and an uptick in performance from its asset and wealth management business.
Here are some of the highlights from the earnings:
- Full-year net profit of 2.11 billion euros ($2.6 billion), versus 1.96 billion euros expected in a consensus provided by the company.
- Operating profit rose 2.3 percent to hit 4.89 billion euros in 2017, versus 4.86 billion euros outlined in an analyst consensus.
"We are very happy with these results because they are the result of two years of very disciplined execution of our plan," Philippe Donnet, chief executive officer at Generali, told CNBC on Thursday.