Retail shareholders

In Generali we have a significant number of individual investors, the retail shareholders. About a quarter of our share capital is subdivided among them. This is why we have created a section where we can interact with private shareholders and examine issues more closely linked to savings.

Chairman’s message to Shareholders on the occasion of the Investor Day

INVESTOR DAY

The last Generali Investor Day took place on November 18^th 2020, at 9.00 (8.00 GMT). The Company gave its retail shareholders the opportunity to follow the proceedings of this important moment of financial communication in live video streaming, upon registration, in English or with an Italian simultaneous translation. Following the links the event’s webcast on demand is also available.

WEBCAST INVESTOR DAY 2020 ENGLISH (ORIGINAL)

WEBCAST INVESTOR DAY 2020 ITALIAN (TRANSLATION)

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Investor Day

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See the Investor Day page for the documentation dedicated to investors and analysts.

GENERALI AND ITS SHAREHOLDERS

SHAREHOLDERS' MEETING

The General Meeting, called at least once a year and open to all those holding at least one Assicurazioni Generali Share, is a fundamental aspect of the life of the company, one in which the shareholders have the opportunity to formally interact with the board of directors and management to discuss the main issues that took place during the financial year.

The AGM 2020 was held on April 30th 2020 in a new mode. Consequently with the restrictions due to the national health situation and the specific law provisions in force (particularly art.106 of DL March 17th, no. 18) Assicurazioni Generali held its meeting without physical attendance by shareholders, all of whom had the possibility to cast their vote by conferring a proxy to the Designated Representative, also through a dedicated online portal. The Designated Representative is a third-party, independent and free service that expresses the vote of shareholders.

For Generali being close to and with its shareholders is a fundamental and indispensable value. As a consequence, considering the health and legislative picture of the first months of 2020, the Company, being almost the only one among Italian issuers, has upgraded its usual webcasting service of the opening speeches by the company’s top management, to a new and different service, reserved to shareholders: the live audio streaming of the full AGM proceedings.

SHAREHOLDERS’ MEETING EXTENDED INCLUSION (SMEI)

In order to overcome the physical, communicative and sensorial barriers that may prevent the participation of some shareholders in the General Meeting, Generali has launched, since 2016, the Shareholders' Meeting Extended Inclusion (SMEI) program.

Supported by the enthusiasm and dedication of the volunteers of our Group and the collaboration of trained assistance professionals, the SMEI Program has developed over time, through the provision of a growing number of services, always oriented towards the inclusion of all shareholders with respect to that central moment in the life of the Company which is the Annual General Meeting. Read more

SHAREHOLDERS UNIT

In order to guarantee that also retail shareholders have a direct contact point in Assicurazioni Generali, the Company adds to its Investor Relations office, managing relations with institutional shareholders and analysts, the Shareholders Unit, dedicated to relations with retail shareholders. Contact info for this unit is available in the Investors\Contacts section.

GENERALI'S ENGAGEMENT TO KEEP ITS SHAREHOLDERS UP TO DATE AND IN CONTACT

Generali strongly believes in the value of the trust shown by tens of thousands private investors that make up the base of its shareholder structure and as a consequence is focused on supplying a continuous and detailed stream of information, in particular in important moments of the Company’s life. This focus and conviction are embodied by various documents, published periodically or on particular occasions and designed with retail shareholders’ needs in mind:

Investor’s Info

Corporate periodical summing up the main events regardind Assicurazioni Generali and the Generali Group.

See the last editions of Investor’s Info here

Shareholders’ Meeting Kit

Specific publication for the General Meetings of Assicurazioni Generali, collecting various useful documents and detailed procedures regarding shareholders’ rights.

See the last edition of the Shareholders’ Meeting Kit here

Shareholders’ Guide

Specific publication aimed at retail shareholders with useful deep-dives reserved for them.

See the last edition of the Shareholders’ Guide here

General Meeting By-laws

Generali makes the general meeting by-laws available also for retail shareholders in an easily accessible form.

See the general meeting by-laws here

IF YOU WANT TO BE UPDATED WITH ALL PUBLICATIONS DEDICATED BY GENERALI FOR ITS RETAIL SHAREHOLDERS RETAIL CLICK HERE AND FILL IN THE DETAILS

Generali in the Stock Exchange (Total Shareholders Return)

The total shareholders’ return is the measure of performance which combines share price variation and dividends paid to show the total return to the shareholder expressed as an annualized percentage.

More info on the “Share information & analysts” section.

RETURN FROM SECURITIES AND DIVIDENDS

MAIN INDICATORS PER SHARE (as at 31 December 2018)

1 Dividend per share proposed

2 Excluding the capital gains relating to the disposals and the one-off expense of the liability management transaction

3 Based on IFRS Equity excluding OCI and on total net result

RESULTS OF THE GENERALI GROUP

To keep updated on all news on the Group, see the Press Releases

To know more details on the Generali Group positioning:

See the Consolidated Results of the Generali Group as at 31st December 2019: here
See the Financial information as at 31st March 2020: here
See the Consolidated Results as at 30th June 2020: here

See the Financial information as at 30th September 2020

OPERATING RESULT ROSE TO € 4 BILLION (+2.3%). NET PROFIT AFFECTED BY IMPAIRMENTS ON INVESTMENTS AND NON- RECURRING EXPENSES, INCLUDING THE LIABILITY MANAGEMENT. EXCELLENT CAPITAL POSITION

Operating result up to € 4 billion, thanks to positive development of the P&C and Asset Management segments, supported also by recent acquisitions, as well as of the Holding and other businesses segment. Technical excellence was confirmed with a Combined Ratio at 89.7% (-2.8 pps) and New Business Margin reached excellent levels (4.10%; -0.18 pps).
Total gross written premiums reached € 52 billion (+0.3%), with resilient P&C premiums and a positive development for the Life segment (+0.4%). Life net inflows remained solid at € 9.3 billion (-13%) and Life technical provisions increased to € 376.3 billion (+1.9%).
The Group’s capital position strengthened, with a Solvency II Ratio at 203% (+9 pps HY20).
The Group’s net profit was € 1,297 million (-40%), affected by € 310 million in net impairments on investments related to the performance of the financial markets, € 183 million for the arbitration settlement on the BSI disposal, the contribution of € 100 million2 for the Extraordinary International Fund for the pandemic emergency and € 73 million expense from the liability management transaction. Excluding the expense of the Extraordinary International Fund for Covid-19 and the expense from the liability management transaction, adjusted net profit3 reached € 1,629 million (-13%).

Generali Group CFO, Cristiano Borean, commented: “The results for the first nine months continue to demonstrate Generali’s resilience as evidenced by the excellent technical margins supporting the operating result and capital position. In an environment that continues to be characterised by heavy macroeconomic and financial impact of the ongoing pandemic, the Group confirms its strengths based on its leadership position in Europe and a primarily retail-focused, flexible and diversified business model. Generali remains committed to be a true Lifetime Partner to its customers, through specific aid and assistance initiatives, and to support the communities where it operates, through initiatives including the Extraordinary International Fund for Covid-19.”

Milan - At a meeting chaired by Gabriele Galateri di Genola, the Board of Directors of Assicurazioni Generali approved the Financial Information at 30 September 2020⁴.

GENERALI IN THE COMMUNITY

The engine of The Human Safety Net is a foundation initiated by Generali. It extends Generali’s purpose of ‘enabling people to shape a safer future by caring for their lives and dreams’ to the most vulnerable in our society. Generali is mobilizing their people and resources – financial support, time, skills, networks, assets, products - to reach more people and amplify our impact.