Generali raises dividends after beating 2018 targets

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Generali raises dividends after beating 2018 targets
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Europe's third-largest insurer said it was also well positioned to achieve the targets in its 2021 business plan.

Italy's top insurer Generali raised its dividend for 2018 after beating its business plan targets and posting growth in net and operating profits.

Speaking to CNBC's Julianna Tatelbaum on Thursday, CEO Philippe Donnet said the firm had been working"with great discipline" over the past three years on implementing its strategy. Generali's net-profit last year rose 9.4 percent to 2.31 billion euros , broadly in line with analysts' forecasts. Net operating profit stood at 4.86 billion, slightly above expectations.

When it came to a potential European slowdown in 2019, however, Donnet said Generali was not concerned. He explained that people sought out the solutions Generali provided whether the economy was booming or lagging.

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