Generali Lifts Dividend as Non-Life Business Boosts Profit

By Giovanni Legorano

MILAN--Assicurazioni Generali SpA (G.MI) said Friday that it will lift its dividend for 2015, after reporting higher full-year net profit driven mainly by better results in its non-life business.

Generali said it plans to pay a 0.72 euro ($0.81) a share dividend for 2015, compared with EUR0.60 for the previous year.

Europe's No. 3 insurer said fourth-quarter net profit almost quadrupled to EUR304 million, while over the full year it was up 22% at EUR2 billion.

Late Thursday, the insurer said it has appointed the company's head of its Italian division, Philippe Donnet, as its new chief executive and chief financial officer Alberto Minali as general manager, confirming an earlier report by The Wall Street Journal. The new executives will retain their current roles.

-Write to Giovanni Legorano at giovanni.legorano@wsj.com

(END) Dow Jones Newswires

March 18, 2016 03:00 ET (07:00 GMT)

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