The Global Added Value (GAV) expresses the wealth generated by Group operations for the various stakeholder
categories over the year. It is calculated as the difference between the value
of goods and services provided by the company and the value of goods and services
it acquires from third parties.
In 2010 the GAV amountto 13,632.7 million euros increased by 7.9% compared with the previous year.
Distribution of GAV
The amounts allocated to all stakeholders have increased, with the exception
of providers of credit capital.
The main shares are distributed to agents and financial advisers and employees,
to whom, in total, 69.4% of the GAV is allocated.
Amounts allocated to the community also show good growth (+10.4%).
The increase in the result of the period has led to an increase in the amounts
allocated to the Group (+31.3%), shareholders (+1.3%) and to the State (+74.5%).
The latter have also been determined by greater tax pressure. The share allocated to shareholders includes, in addition to the dividends relative
to the shares currently on the market, the result of the period attributable to
minority interests.
In 2010, the Generali Group did not receive any major government loans.
