Generali Group

          where we are

                                   

          Debt & ratings

          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, including subordinated liabilities, bond issued and other loans obtained).

          (€ million) 31/12/2018 31/12/2017
          Liabilities linked to operating activities 27,009 26,199
          Liabilities linked to financing activities 11,532 11,816
            Subordinated liabilities 8,124 8,379
            Senior bonds 2,983 2,980
            Other non subordinated liabilities linked to financing activities 452 457
          Total 38,540 38,015

          The weighted average cost of liabilities linked to financing activities at 31 December 2018 amounted to 5.66%, in reduction compared to the 5.71% of December 2017.

          Average cost & maturity of financial debt (%)

            2018 2017
          Average cost (%) 5.66% 5.71%
            Subordinated/Hybrid 6.18% 6.22%
            Senior 4.19% 4.19%
          Average maturity (years) 5.34 6.22
          Interest expenses on financial debt 666 673

          Total financial debt

          Total financial debt