Generali SpA

Welcome to the Generali Group
Please select your country

Our locations
                           

Debt & ratings

Liabilities are split into two categories: liabilities linked to operating activities (consolidated financial liabilities related to specific balance sheet items) and liabilities linked to financing activities (including the other consolidated financial liabilities).

(€ million) 31/12/2015 31/12/2014
Liabilities linked to operating activities 36,787 36,541
Liabilities linked to financing activities 13,117 12,253
  Subordinated liabilities 9,643 8,315
  Senior bonds 2,992 3,477
  Other non subordinated liabilities linked to financing activities 482 460
Total 49,904 48,794

The weighted average cost of liabilities linked to financing activities at 31 December 2015 amounted to 5.65%, substantially unchanged to the 5.62% at 31 December 2014 and the 5.67% at 30 September 2015.

Average cost & maturity of financial debt (%)

  2015 2014
Average cost (%) 5.65% 5.62%
  Subordinated/Hybrid 6.13% 6.21%
  Senior 4.21% 4.13%
Average maturity (years) 6.68 6.87
Interest coverage ratio* 6.2x 5.3x

*Note: EBIT (Earnings before Interests and Taxes)/interest expenses

Total financial debt