Generali profit hit by €1,017m one-off impairments
Generali posted reduced profits for the full year 2011 due to impairments from Greek write-downs and its Telco investment to the tune of €1,017m.
Net profit for 2011 totalled €856m, down from €1.7bn for the full year 2010.
The group said it had implied an average impairment of 76% to its entire portfolio of Greek debt instruments. It also
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