(Reuters) -Generali on Tuesday said it was on track to meet year-round targets after Italy's top insurer reported a good result in all industries to slightly exceed expectations in the first half.
Operating profit increased by 10.4% to EUR 3 billion ($ 3.6 billion) compared to the EUR 2.95 billion that analysts expected in a survey by the insurer.
Its solvency, an important measure of financial strength for insurers, rose to 231% from 224% but was short of the 235% analysts expected.
It was still at 231% at the end of July, says Cristiano Borean, CFO.
Generali said in a statement that it would successfully complete its current strategic plan by the end of 2021
The Trieste-based insurer, one of Italy's most valued financial assets, is set to appoint a new board next spring and speculation has risen over Mr Donnet's future due to tensions among top owners.  Milan's commercial bank Mediobanca is the largest investor in Generali, followed by businessmen Francesco Gaetano Caltagirone and Leonardo Del Vecchio.
For the past two years, first Del Vecchio and then Caltagirone have also emerged as leading shareholders in Mediobanca.
In a first public sign of dissatisfaction with the balance of power among shareholders, Caltagirone stumbled in the insurer's annual general meeting in April.
Asked in a media interview about reported criticism from Caltagirone and Del. Vecchio, Donnet said he would not comment on rumors or talk about discussions in the boardroom.
"I am focused on doing my job in the interests of all shareholders and preparing the new strategic plan," he said.
In a sign of support for Mr.