MILAN (Reuters) - Italy's biggest insurer Generali (MI:GASI) raised its dividend on Thursday after posting record high operating profits in 2017 boosted by life and asset management businesses and cost cuts.
The insurer, which confirmed its targets for this year, said it would pay a dividend of 0.85 euros per share on its 2017 results, up from 0.80 euros a share the previous year.
Its operating profit rose 2.3 percent to 4.89 billion euros (4.33 billion pounds), in line with an analyst consensus provided by the company of 4.86 billion euros.