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.

Italian asset manager Banca Generali raised its annual net interest income (NII) forecast on Monday after its third-quarter profit jumped nearly 35%, excluding one-off expenses.

Italy's Banca Generali lifts NII target after Q3 profit beat

Italy's top insurer Assicurazioni Generali still has 500 million euros ($533.10 million) left for M&A deals, which will be returned to shareholders if not used for acquisitions, its Chief Executive Philippe Donnet said on Wednesday.

Generali has 500 mln euros left for M&A, could return it to investors, CEO says

Italian private bank Banca Generali is open to considering acquisitions of small banks and family offices in Italy and Switzerland, its Chief Executive Gian Maria Mossa said on Monday.

Banca Generali eyes small acquisitions in Italy and Switzerland, CEO says

Allianz SE

Allianz's Chief Financial Officer Giulio Terzariol is set to leave his post at the German group to take a top job at Italy's biggest insurer Assicurazioni Generali , two Italian newspapers reported on Friday.

Allianz CFO headed for Generali to lead insurance business, Italian media report

Generali recorded a solid net profit generation thanks to a lower combined ratio evolution. The company has €500 million in cash for potential M&A activities, which may be returned to shareholders through a buyback if not utilized. The insurer has a minimal impact on the bank's extra profits tax.

Assicurazioni Generali: Good News, Not Yet Priced In

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q2 2023 Earnings Conference Call August 9, 2023 10:00 AM ET Company Participants Fabio Cleva - Head of Investor & Rating Agency Relations Philippe Donnet - Group Chief Executive Officer Marco Sesana - Group General Manager Cristiano Borean - Group Chief Financial Officer Conference Call Participants David Barma - Bank of America Steven Haywood - HSBC Peter Eliot - Kepler Cheuvreux Farooq Hanif - JPMorgan Michael Huttner - Berenberg William Hawkins - KBW Iain Pearce - Exane BNP Paribas Operator Good afternoon.

Assicurazioni Generali S.p.A. (ARZGF) Q2 2023 Earnings Call Transcript

A number of international groups are in the running to buy TUA Assicurazioni from Generali , sources with knowledge of the matter said, as Italy's top insurer aims to streamline assets inherited in a deal in 2021.

Generali's TUA Assicurazioni draws foreign bid interest

Italian insurance company Assicurazioni Generali offers a high-dividend yield that appears sustainable, but its current valuation is not justified given its growth and profitability profile. Generali's business is stable, and it has a strong capital position, but its growth prospects and valuation are not particularly impressive compared to other European insurance companies. Despite Generali's high and sustainable dividend yield, other companies such as ageas SA/NV offer better growth prospects, lower valuations, and higher yields, making them better income investments in the European insurance sector.

Generali: There Are Better Income Plays (Rating Downgrade)

Assicurazioni Generali S.p.A. remains a compelling investment opportunity due to its strong balance sheet, sustainable dividends, and recent acquisitions. The company recently acquired two companies, increasing its Assets under Management (AuM) by $157 billion and strengthening its presence in the USA and APAC area. Generali purchased Liberty Seguros for €2.3 billion, expected to generate strong synergies and increase the company's EPS by 5%.

Assicurazioni Generali: Strategic Deal Goals Achieved

Italian insurer Generali said its asset management arm had agreed to buy Connecticut-based rival Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan's Cathay Financial Holding.

Generali buys U.S. asset manager Conning under deal with Cathay Life

Conning and its Affiliates Will Continue to Operate under Current Leadership and Brands. New Strategic Support Expected from Generali to Accelerate the Strategy for Conning and its Affiliates.

Conning and Its Affiliates to Be Acquired by Generali; Transaction Enhances Firms' Long-Term Growth Plans

Assicurazioni Generali's plans to shed up to 20 billion euros ($21.87 billion) of insurance liabilities are being hampered as a surge in interest rates has complicated talks with buyers, three people familiar with the matter said.

Generali $22 bln portfolio sale to private equity complicated by rate surge

U.S. insurer Liberty Mutual Insurance said on Thursday it will sell its personal and small commercial operations in Western Europe to Generali Group for 2.3 billion euros ($2.51 billion).

Generali to buy Liberty Mutual's European units in $2.5 billion deal

Italian composite insurer Generali has been prudently repositioning its Life business and growing non-motor P&C to reduce its reliance on investment income. Recent results have been solid and I expect growth to continue in FY 2023 and FY 2024.

Generali: Executing Well And Undervalued

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q1 2023 Earnings Conference Call May 25, 2023 6:00 AM ET Company Participants Fabio Cleva - Head of Investor and Rating Agency Relations Marco Sesana - Group General Manager Cristiano Borean - Group Chief Financial Officer Conference Call Participants Peter Eliot - Kepler Cheuvreux Andrew Ritchie - Autonomous Farooq Hanif - JPMorgan Andrew Sinclair - Bank of America Merrill Lynch William Hawkins - Keefe, Bruyette & Woods, Inc. Ashik Musaddi - Morgan Stanley Michael Huttner - Berenberg Bank Steven Haywood - HSBC Operator Good afternoon.

Assicurazioni Generali S.p.A. (ARZGF) Q1 2023 Earnings Call Transcript

Italy's top insurer Generali confirmed on Thursday all targets of its business plan for 2024 after a strong performance of the non-life business more than offset weakness in the life sector in the first quarter, driving profits higher.

Generali confirms targets as government bonds challenge Life business

Italy's top insurer Generali said on Thursday it had agreed to sell its German specialised pension unit to Fosun-backed Frankfurter Leben as it seeks to improve profitability in the life business and free up capital.

Generali agrees sale of German specialised pension unit to Fosun-backed company

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q4 2022 Results Conference Call March 14, 2023 7:00 AM ET Company Participants Fabio Cleva - Investor Relations Philippe Donnet - Group Chief Executive Officer Marco Sesana - General Manager Cristiano Borean - Group Chief Financial Officer Conference Call Participants David Barma - Bank of America Peter Eliot - Kepler Cheuvreux Farooq Hanif - JPMorgan Michael Huttner - Berenberg Andrew Ritchie - Autonomous James Shuck - Citi William Hawkins - KBW Andrea Lisi - Equita Sudarshan Bhutra - Societe Generale Alberto Villa - Intermonte Operator Good afternoon.

Assicurazioni Generali S.p.A. (ARZGF) Q4 2022 Earnings Call Transcript

Assicurazioni Generali SpA on Tuesday posted results for the full year that beat expectations, and raised its dividend, citing continuous earnings growth and a strong capital position.

Generali 2022 gross written premiums €8.54 billion

Solid solvency ratio and positive combined ratio. Two additional key takeaways to price in. 1) Banca Generali's strong development and 2) Cattolica Assicurazioni EPS growth.

Assicurazioni Generali Is A Buy

Assicurazioni Generali SpA will start a share-buyback program worth up to 210 million euros ($227.5 million), its said late Thursday.

Generali launches $227.5 million share buyback

Italy's competition authority AGCM fined insurance groups UnipolSai and Generali 5 million euros ($5.10 million) each for allegedly carrying out unfair commercial practices, the authority said on Tuesday.

Italy's antitrust fines UnipolSai, Generali over unfair commercial practices

Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q2 2022 Earnings Conference Call August 2, 2022 6:00 AM ET Company Participants Fabio Cleva - Investor Relations Philippe Donnet - Group Chief Executive Officer Cristiano Borean - Group Chief Financial Officer Conference Call Participants David Barma - BNP Paribas Andrew Sinclair - Bank of America Peter Eliot - Kepler Cheuvreux Farooq Hanif - JPMorgan Michael Huttner - Berenberg Andrew Ritchie - Autonomous Steven Haywood - HSBC William Hawkins - KBW Gianluca Ferrari - Mediobanca Will Hardcastle - UBS Ashik Musaddi - Morgan Stanley Elena Perini - Intesa Sanpaolo Operator Good afternoon.

Assicurazioni Generali S.p.A. (ARZGF) CEO Philippe Donnet on Q2 2022 Results - Earnings Call Transcript

Italian insurer Assicurazioni Generali has named veteran banker Stefano Marsaglia to fill a vacancy on its board left by the departure of its second largest shareholder in May, the company said on Friday.

Generali appoints veteran banker to fill board vacancy

Assicurazioni Generali SpA (OTCPK:ARZGF) Q1 2022 Earnings Conference Call May 19, 2022 6:00 AM ET Company Participants Fabio Cleva - IR Cristiano Borean - Group CFO Conference Call Participants Andrew Sinclair - Bank of America Peter Eliot - Kepler Cheuvreux David Barma - BNP Paribas Exane Farooq Hanif - JPMorgan William Hardcastle - UBS Andrew Ritchie - Autonomous Research James Shuck - Citigroup Michael Huttner - Berenberg William Hawkins - KBW Operator Good afternoon. This is the Chorus Call conference operator.

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