Generali’s Palazzo Berlam in Italian colours: Source: Company.
The conflict in Ukraine and the sanctions against Russia messed up Generali’s business at the beginning of the year. As the Trieste insurance group reports, profits fell by a good nine percent to EUR 727 million in the first three months of the current year (Q1 2021: EUR 802 million). Without these charges, profit would have increased to EUR 863 million.
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