Investing in Generali
Investing in Generali means investing in one of the world’s major insurance and financial services company, with 187 years of experience behind it and a future that it intends to build around the pursuit of sustainable and profitable growth for communities, clients, employees and shareholders.
Our brand is recognized around the world. We are the leader in the Italian market with an overall market share of 16.4%. However, the brand’s strength is not limited solely to Italy. The company has a strong position also in Germany, France and Eastern Europe, where it is one of the leading insurance groups on the market, as well as in other high growth potential markets. In total, we are present in over 60 countries.
We are among the largest insurance groups in the world by total premiums and assets. Established in Trieste nearly two centuries ago, Generali ended 2017 with excellent results: the net profit reached over 2 billion euro and the gross written premiums were steady at over 68 billion.
Our strong international focus has been a feature of our business since its creation in 1831, during the time of the Austro-Hungarian Empire. Italy, France and Germany are the three main markets, together with other structures and entities at international level. The geographical optimization currently pursued by the Group is aimed at boosting the footprint in the most interesting markets and freeing resources from the least profitable ones.
We develop simple, integrated, customized and competitive Life and P&C insurance solutions for our clients to meet their needs: our solutions include savings policies, individual and family protection policies, unit-linked policies, mass-market insurance products as MTPL insurance, household, accident and health policies as well as sophisticated products covering commercial and industrial risks and structured solutions for multinational companies. The Group also recently launched a new Asset Management strategy to further develop the areas of investments, asset management and wealth management, which are more and more integrated with insurance products.
The insurance market is in the middle of an intense period of change. Generali decided to approach innovation on different levels, looking at global partnerships with international players that have complementary skills, and seeking to leverage the community of innovators, start-ups, and businesspeople outside of the Group to generate ideas, business models and technical solutions that can help respond to the new challenges. Throughout our history we have always shown an ability to adapt to shifts in the market, understand emerging needs in different geographical, economic and political situations, and to drive innovation in the sector.
We distribute our products and offer our services through a multi-channel strategy: we have therefore responded to the request of our customers to enable them to contact us in various ways. We aim to become an excellent provider of insurance solutions, available through a variety of channels and accessible in different ways thanks to new technologies: both through our global agents and financial advisors, and through brokers, bancassurance and direct channels. These channels allow clients to be more independent, since they can easily obtain information on alternative products, compare alternative options, purchase the preferred product and get a good post-sales service, thereby creating a positive customer experience.
In the past years, the Group has focused on strengthening the capital position, which at the end of 2017 was confirmed at excellent levels with a Regulatory Solvency Ratio at 208% and a Shareholders’ equity at 25,1 € billion. Our strong capital position is confirmed also by the assessments of the leading international ratings agencies: AM Best – ‘A’ with stable outlook, Fitch – ‘A-’ with stable outlook, and Moody’s – ‘Baa1’ with stable outlook.
According to the strategy launched at the Investor Day in November 2016, we aim to achieve a net operating cash of over €7 billion cumulatively and total dividends to over €5 billion in the four years from 2015 to 2018.
We have been issuing annual dividends to our shareholders for more than 150 years. We are committed to continuing this tradition in the years to come. The dividend per share proposed for 2017 amounts to Euro 0.85, an increase of 5 cents (+6%) compared to the previous year.
We believe passionately in sustainability, as shown by the group’s inclusion in the main sustainability indexes and leading international rankings. We believe that true value for communities, employees, clients and shareholders can only be created by acting in a sustainable way.
Throughout its history, Generali has always stood out for the care it shows for its staff, shareholders and local communities; care that is based on our commitment to the values of professionalism, transparency and acting responsibly. This is further confirmed by the signing of the most important international initiatives on corporate social responsibility, such as the UN Global Compact, the Principles for Sustainable Insurance (PSI), the Principle for Responsible Investment.