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          30 April 2020 - 18:00

          2020 Annual General Meeting

          The Generali Annual General Meeting, held with shareholders connected remotely, approves all the items on the agenda.

          Today, the Annual General Meeting (AGM) of Assicurazioni Generali was held in Turin, chaired by Gabriele Galateri di Genola and attended by the appointed Representative responsible for collecting voting instructions on all items on the agenda, and the notary.

          This is the third time in Generali’s history that the AGM has not taken place in the historic headquarters in Trieste; it also happened in 1947 and 1948 in the midst of the battle for Trieste between Italy and Yugoslavia. Since then, there has always been the broadest participation of shareholders, from large shareholders to small retail shareholders, which represent a quarter of the share capital.

          Holding this virtual meeting today”, the Chairman Galateri introduced the meeting, “allows us not only to deal with the bureaucratic processes of this AGM, but also to continue participating in the life of the Company and briefly share some highlights from last year.” “The approach with which the Generali Group is preparing to face the challenges that lie ahead”, concluded the Chairman before handing over to the Group CEO and Group CFO, “is to think boldly about the future opportunities and risks, even beyond anything we could imagine. And to respond with the pragmatism that has made us stand out for almost two centuries.

          Generali is facing this difficult situation from a strong and solid position”, said Group CEO Philippe Donnet. “This strength and solidity stem from the important work we have done in recent years, which has enabled us to consistently achieve our goals and strengthen our foundations, while focusing on our stakeholders and sustainable long-term growth. This is demonstrated by the excellent results we achieved once again in 2019”, continued Donnet, “with a record operating result, and the fact that the Board of Directors confirmed the proposal to distribute a dividend per share of €0.96 - up 6.7% from the previous year.

          Even though the effects of the crisis linked to the spread of the COVID-19 pandemic remain uncertain at the moment”, confirmed the Group CFO Cristiano Borean, “there is no reason to doubt the stability of the Group, whose Solvency Ratio remains solid and has always been within the desired range.” In conclusion, the Group CFO wanted to send a message of thanks “to all our employees, sales network and partners who are ensuring business continuity, even when working from home, with even greater commitment and dedication. To them and their families, who are the true strength of our business, I would like to express my support at this difficult time.

          The AGM then approved the 2019 Financial Statements, establishing a distribution to shareholders of a dividend per share of €0.96, payable in two tranches; appointed the new Board of Statutory Auditors; approved the Report on the Remuneration Policy, the Group Long-Term Incentive Plan (LTIP) 2020 – 2022, and the stock plan linked to the mandate of the Managing Director/Group CEO. Finally, the amendment of certain articles of the Articles of Association was approved.

          For further information, please refer to the press release.