Assicurazioni Generali SpA

Assicurazioni Generali SpA engages in the provision of insurance and financial products. It operates through the following business segments: Life, Property and Casualty, Asset Management, and Holding and Other Businesses. The Life segment offers coverage through a lump sum or an annuity payment if an event occurs involving human life in exchange for the premium payment as remuneration from the policyholder for the risk taken. The Property and Casualty segment offers insurance against damage to property, personal injury, and public liability. The Asset Management segment provides solutions for the selection and maintenance of listed and unlisted financial instruments in order to generate the best possible return for a given level of risk. The Holding and Other Businesses segment performs parent company functions through the management and coordination of administrative and financial services for the companies in the group. The company was founded on December 26, 1831 and is headquartered in Trieste, Italy.

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q3 2024 Earnings Conference Call November 15, 2024 6:00 AM ET Company Participants Fabio Cleva - Head, Investor and Rating Agencies Relations Marco Sesana - Group General Manager Giulio Terzariol - Chief Executive Officer, Insurance Cristiano Borean - Group Chief Financial Officer Conference Call Participants Andrew Baker - Goldman Sachs David Barma - Bank of America Michael Huttner - Berenberg Will Hardcastle - UBS James Shuck - Citi William Hawkins - KBW Elena Perini - Intesa Sanpaolo Andrea Lisi - Equita Steven Haywood - HSBC Farquhar Murray - Autonomous Operator Good afternoon.

Assicurazioni Generali S.p.A. (ARZGF) Q3 2024 Earnings Call Transcript

The insurer reported better-than-expected profit on higher gross written premiums and net inflows from its life business.

Generali's Natural Catastrophe Hit Offset By Better Performance

Italy's Banca Generali on Thursday reported a 23% rise in its third-quarter net profit, above market expectations, mainly driven by increased demand for managed solutions.

Italy's Banca Generali reports 23% jump in Q3 profit, above expectations

Generali reported strong top-line growth in H1 2024, but weaker profitability in the P&C segment due to higher claims costs and financial expenses. Despite a high-dividend yield and solid capital position, Generali's shares are fairly valued, limiting upside potential in the near term. Generali's diversified business profile and recent acquisition of Conning boosted asset management revenues, but overall earnings were offset by P&C segment challenges.

Generali: Time To Take Profits Despite Its High Dividend Yield

Blackstone and Italy's top insurer Generali are teaming up for a fund that will allow French retail investors to invest in private company debt, the companies said in statement on Thursday.

Blackstone, Generali team up for private debt fund for French retail investors

Italy's Banca Generali said on Monday it was launching a 98 million euro ($109 mln) takeover bid on Intermonte , offering 3.04 euros a share to buy out other investors in the Milanese investment firm and take it private.

Banca Generali offers 3.04 euros/shr to buy out Intermonte, delist it

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q2 2024 Earnings Conference Call August 9, 2024 6:00 AM ET Company Participants Fabio Cleva - Head, Investor & Rating Agency Relations Philippe Donnet - Group CEO Marco Sesana - Group General Manager Cristiano Borean - Group CFO Giulio Terzariol - CEO, Insurance Conference Call Participants Peter Eliot - Kepler Cheuvreux David Barma - Bank of America William Hawkins - KBW Iain Pearce - BNP Paribas Exane Michael Huttner - Berenberg James Shuck - Citi Steven Haywood - HSBC Elena Perini - Intesa Sanpaolo Gian Luca Ferrari - Mediobanca Operator Good afternoon.

Assicurazioni Generali S.p.A. (ARZGF) Q2 2024 Earnings Call Transcript

Italy's top insurer Generali said first-half operating profit was boosted by its life and wealth management businesses, while its non-life segment suffered from the impact of natural disasters.

Generali's first-half operating profit up but natural disasters weigh

Italy's Banca Generali on Thursday hiked its full year forecast for inflows and net interest income, while also lifting the minimum threshold for dividend payments over the 2022-2025 period.

Banca Generali ups 2024 inflow guidance after 28% profit rise in Q2

Despite New Business Margins challenges, Generali is expected to grow with improved margins and increased new business volumes. Banca Generali and P&C performance drove the Group operating profit beat. Earnings changes lead to a price target increase to €26 per share. A solid balance sheet and attractive EPS growth trajectory support this.

Assicurazioni Generali: Still At A Discount, Buy Confirmed

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q1 2024 Results Conference Call May 21, 2024 6:00 AM ET Company Participants Fabio Cleva - Head, Investor & Rating Agency Relations Marco Sesana - Group General Manager Giulio Terzariol - CEO of Insurance Cristiano Borean - Group Chief Financial Officer Conference Call Participants Will Hardcastle - UBS Peter Eliot - Kepler Cheuvreux Michael Huttner - Berenberg William Hawkins - KBW Iain Pearce - Exane PNB Paribas Farooq Hanif - JPMorgan Andrea Lisi - Equita Steven Haywood - HSBC Farquhar Murray - Autonomous Research Elena Perini - Intesa Sanpaolo Operator Good afternoon.

Assicurazioni Generali S.p.A. (ARZGF) Q1 2024 Earnings Call Transcript

Generali backed its financial targets after it reported better-than-expected results for the first quarter, with solid growth across all of its business.

Generali Outlook on Track After Quarterly Beat

€500 million buyback in 2024 and higher-than-expected DPS remuneration. A solid balance sheet with a Solvency ratio above the regulatory requirements makes Generali a potential M&A hunter. Valuation remains reasonable considering the company's strong performance. Our buy rating is then confirmed.

Assicurazioni Generali: M&A Upside And Solid Execution

Italy's top insurer Generali said on Thursday it was reorganising to focus on its two core businesses and streamline its geographical layout to be ready for the new strategic cycle.

Generali reorganises business structure ahead of new strategic plan

Assicurazioni Generali offers a high-dividend yield and is trading at a discounted valuation compared to peers. Generali's recent financial performance shows strong top-line growth and improved profitability in both life and non-life segments. The company's capital position is strong, allowing for significant dividends and potential acquisitions in the future.

Buy Generali For Its 5.6% Yield

HARTFORD, Conn.--(BUSINESS WIRE)--Conning Holdings Limited (Conning and its Affiliates1), a leading global asset manager serving the needs of insurance company and institutional clients, today announced that its acquisition by Generali Investments Holding S.p.A. (GIH), an entity comprising the majority of asset management activities of Generali Group (Generali), has closed. "We are excited to embark on this long-term partnership with Generali, with identified growth areas and synergies in mind.

Generali Completes Acquisition of Conning

Assicurazioni Generali S.p.A. (ARZGF) Q4 2023 Earnings Call Transcript

Generali raised its dividend after 2023 results beat expectations on continuous earnings growth, but a weaker property&casualty segment dragged its fourth-quarter profit.

Generali Beats Expectations, Ups Dividend

Italy's Fondazione CRT has increased its stake in insurer Generali to around 2% after selling its entire holding in Italian bank Banco BPM last week, its chairman Fabrizio Palenzona said on Tuesday.

Italy's Fondazione CRT lifts stake in Generali to 2%, its chairman says

Italy's Banca Generali will pay a dividend of 2.15 euros ($2.31) per share, up from 1.65 euros per share a year earlier, it said on Thursday.

Banca Generali boosts full-year dividend as interest income doubles

Italy's biggest insurer Generali on Wednesday said it would acquire full control of an insurance joint-venture in China after buying the majority stake held by local partner CNPC Capital for around 99 million euros ($108 million).

Generali boosts China presence by acquiring 100% of local JV

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In December 2023 - January 2024, Barron's/Fortune analysts-reporters combined to list three sets of stocks: (1) Top 100 of first-ever Euro Fortune 500; (2) 13 Inflation-Proof 2024 stocks; (3) Barron's 10 Favorites for 2024. Those three articles revealed 98 equities, with 84 paying dividends, and focused on every sector, except real estate. The stocks ranged from 0.03% to 45.15% in annual yield and ranged -95.60% to 194.10% in one-year price target upsides per broker analysts.

46 Ideal 2024 Fortune And Barron's DiviDogs

MILAN, Dec 21 (Reuters) - Generali (GASI.MI) said on Thursday it expected to book an after-tax gain of around 300 million euros ($329 million) in the fourth quarter of the year after selling its German specialised pension unit to Fosun-backed Frankfurter Leben.

Generali sees after-tax gain of 300 mln euros from German unit deal

Assicurazioni Generali has solid fundamentals and excess capital, potentially leading to enhanced shareholder remuneration in the short term. Ageas SA/NV has outperformed Generali since the recommendation, up 13.5% vs. less than 4% for Generali. Generali's recent earnings report showed positive performance in gross written premiums and operating profit, with a strong capital position.

Generali: A Speculative Buy (Rating Upgrade)

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q3 2023 Earnings Conference Call November 17, 2023 6:00 AM ET Company Participants Fabio Cleva - Head of Investor & Rating Agency Relations Marco Sesana - Group General Manager Cristiano Borean - Group Chief Financial Officer Conference Call Participants David Barma - BofA Securities Farooq Hanif - JPMorgan Peter Eliot - Kepler Cheuvreux Michael Huttner - Berenberg Andrew Ritchie - Bernstein Autonomous William Hawkins - KBW Gian Luca Ferrari - Mediobanca Ashik Musaddi - Morgan Stanley Operator Good afternoon.

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