15 March 2022 - 08:40
Generali, record results and extremely solid capital position
With the best ever operating result, the Group successfully concluded the ‘Generali 2021’ strategic plan, demonstrating once again that it delivers on its promises, and is now effectively implementing the new strategy ‘Lifetime Partner 24: Driving Growth’
Generali Group CEO Philippe Donnet presents the 2021 full-year financial results, which mark the successful conclusion of the ‘Generali 2021’ strategic plan. Generali is now effectively implementing the new strategy ‘Lifetime Partner 24: Driving Growth,’ focused on sustainable growth, an enhanced earnings profile, and the creation of value for all stakeholders.
The Group’s operating result was, for the third consecutive year, its best ever performance, reaching € 5.9 billion. The dividend per share that will be proposed at the next Shareholders’ Meeting is € 1.07.
In line with the Group’s Lifetime Partner ambition, and as with the Covid-19 pandemic, Generali and its employees have taken immediate action to support the communities impacted by the war in Ukraine. The Company has decided to donate € 3 million to support refugee programmes, including a donation to UNHCR, which is currently at the forefront of the humanitarian response in the country. An employee donation campaign is also underway, with donations matched 1:1 by Generali, which will be given to Unicef in support of the work that it will carry out to help impacted families.
Moreover, important results have been achieved in terms of sustainability, and in 2021 the Group also updated its strategy for climate protection to include goals such as € 8.5 - € 9.5 billion of new green and sustainable investments between 2021 and 2025, the definition of a roadmap for the complete exclusion of investments and underwriting activities in the thermal coal sector in OECD countries and in the rest of the world, and the gradual decarbonization of the investment portfolio to become carbon neutral by 2050.