Generali Group

          where we are

                                   

          Dividends

          The shareholder remuneration policy

          Our ambition is to pay shareholders attractive, sustainable and progressive dividends.

          The strategy for the period 2015-18 focuses on cash generation and shareholder remuneration. A total of at least 5 billion euro in dividends are planned to be paid over the four years covered by the plan.

          2017 dividend

          On March 14, 2018 the Board of Directors resolved  to distribute  a dividend of 0.85 euros per share, a 6% increase  (0.05 euro) over the dividend paid on 2016 (0.80 euro). The resolution has been approved by the Shareholder’s Meeting on 19 April 2018. A total of 1,330 million Euros are expected to be allocated to shareholders.

          After the March 14 Board of Directors, the Generali Group CEO, Philippe Donnet, affirmed: “The excellent results confirm the validity and effectiveness of our strategic plan in this current market context. We are perfectly positioned to reach all of our objectives that we had set for 2018. It is in the light of these results that yesterday the Board of Directors formulated its proposal for the distribution of the dividend".

          The dividend was paid on 23 May 2018 with a record date for receipt of the dividend on 22 May 2018 and ex-dividend date from 21 May 2018.

          Dividends in the history of Generali

          Generali has always placed great importance on rewarding its shareholders. The ex-dividends paid  made over the last 15 years are shown in the graph below.

          Dividends per share

          Dividends per share
            2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
          Dividend per share (€) 0.33 0.43 0.54 0.75 0.9 0.15 0.35 0.45 0.2 0.2 0.45 0.6 0.72 0.80 0.85
          0.63*

          * The dividend in kind corresponds to 1/25 of the share and is equal to the official price of 21 May 2009, date of payment of the dividend. The unit value of the dividend distributed, cash + 1/25 of a share, amounts to 0.78 euro per share.

          Year  Dividend per share (€) % Previous year increase Aggregate payout
          (€ mln)
          % Previous year increase Maximum aggregate payout (€ mln) % Previous year increase Parent Company net profit (€ mln) % Previous year increase Consolidated net profit (€ mln) % Previous year increase

          2017

          0.85

          6.25

          -

          -

          1,330.4

          6.25

          1,404.5

          28.11

          2,110

          1.4

          2016

          0.80

          11.11

          1,249.4

          11.25

          1,249.4

          11.25

          1,096.2

          17.68

          2,081

          2.51

          2015

          0.72

          20.00

          1,123.1

          20.00

          1,123.1

          20.00

           931.5

          26.26

          2,030

          15.34

          2014

          0.6

          33.33

          934.1

          33.33

          934.1

          33.33

           737.8

          29.57

          1,760

          -8.08

          2013

          0.45

          125

           700.6

          125.56

          700.6

          124.98

          569.4

          335.63

          1,915

          2,036.80

          2012

          0.2

          =

          310.6

          =

          311.4

          =

          130.7

          -59.85

          90

          -89.53

          2011

          0.2

          -55.55

          310.6

          -55.55

          311.4

          -55.55

          325.5

          -48.64

          856

          -49.70

          2010

          0.45

          28.57

           698.8

           28.57

           700.6

           28.57

           633,8

           14,05

           1,702

           30.01

          2009

          0.35

          133.33**

          543.5

          167.21**

          544.9

          157.64**

          555.7

          -32.91

          1,309

          52.07

          2008

          0.15

          -13.33

          203.4

          -12.8

          211.5

          -15.51

          828.3

          -40.88

          861

          -70.47

          0.63*

          860.6*

          860.6*

          2007

          0.9

          20

          1,220.1

          27.74

          1,269.0

          32.37

          1,401.1

          15.45

          2,916

          21.24

          2006

          0.75

          38.89

          955.2

          38.64

          958.7

          39.15

          1,213,6

          32.38

          2,405

          25.35

          2005

          0.54

          25.58

          689

          25.61

          689

          25.61

          916.8

          -9.42

          1,919

          15.18

          2004

          0.43

          30.3

          548.5

          30.3

          548.5

          30.3

          1,012.1

          83.88

          1,666

          64.1

          2003

          0.33

          17.86

          420.9

          17.89

          420.9

          17.89

          550.4

          166.9

          1,015

          234.56

          2002

          0.28

          0

          357.1

          0.03

          357.1

          0.03

          206.2

          -53.35

          -754

          -168.58

          2001

          0.28

          ---

          356.9

          ---

          356.9

          ---

          442,1

          ---

          1,100

          ---

          Italian GAAP consolidated net profit from 2001 to 2003; IAS-FRS consolidated net profit from 2004.
          * Amount corresponding to the dividend in kind, equivalent to 1/25 of the share, according to the official price of 21 May 2009 (dividend payment date). The dividend per unit, cash + 1/25 of the share, amounts to 0.78 euro per share.
          ** Percentage increase in the amount distributed in cash for 2008.

          Year of
          payment

          Date of
          payment *

          Dividend
          per share

          Number of
          shares

          Total
          dividends

          2018

          23.05.18

          Euro 0.85

          1,565,165,364

          1,330,390,559.40

          2017

          24.05.17

          Euro 0.80

          1,561,808,262

          1,249,446,609.60

          2016

          25.05.16

          Euro 0.72

          1,559,883,538

          1,123,116,147.36

          2015

          20.05.15

          Euro 0.60

          1,556,873,283

          934,123,969.80

          2014

          22.05.14

          Euro 0.45

          1,556,873,283

          700,592,977.35

          2013

          23.05.13

          Euro 0.20

          1,556,873,283

          311,374,656.60

          2012

          24.05.12

          Euro 0.20

          1,556,873,283

          311,374,656.60

          2011

          26.05.11

          Euro 0.45

          1,556,873,283

          700,592,977.35

          2010

          27.05.10

          Euro 0.35

          1,556,873,283

          544,905,649.05

          2009

          21.05.09

          Euro 0.15**

          1,410,113,747

          211,517,062.05

          2008

          22.05.08

          Euro 0.90

          1,410,015,363

          1,269,013,826.70

          2007

          24.05.07

          Euro 0.75

          1,278,285,370

          958,714,027.50

          2006

          25.05.06

          Euro 0.54

          1,275,899,543

          688,985,753.22

          2005

          26.05.05

          Euro 0.43

          1,275,587,018

          548,502,417.74

          2004

          27.05.04

          Euro 0.33

          1,275,587,018

          420,943,715.90

          2003

          22.05.03

          Euro 0.28

          1,275,284,781

          357,079,738.68

          2002

          23.05.02

          Euro 0.28

          1,274,863,625

          356,961,815.00

          2001

          24.05.01

          ITL 500

          1,252,991,340

          626,495,670,000

          2000

          25.05.00

          ITL 460

          1,252,943,669

          576,354,087,740

          1999

          31.05.99

          ITL 425

          1,025,847,404

          435,985,146,700

          1998

          20.07.98

          ITL 385

          1,025,811,890

          394,937,577,650

          1997

          21.07.97

          ITL 375

          881,704,686

          330,639,257,250

          1996

          22.07.96

          ITL 375

          801,522,393

          300,570,897,375

          1995

          17.07.95

          ITL 360

          801,474,647

          288,530,872,920

          1994

          18.07.94

          ITL 360

          728,577,146

          262,287,772,560

          1993

          16.07.93

          ITL 350

          728,511,075

          254,978,876,250

          1992

          16.07.92

          ITL 335.33

          728,511,061

          244,291,614,100

          1991

          17.07.91

          ITL 349.48

          582,802,343

          203,677,762,800

          1990

          16.07.90

          ITL 350

          529,816,112

          185,435,639,200

          1989

          17.07.89

          ITL 330

          529,790,000

          174,830,700,000

          1988

          18.07.88

          ITL 600

          208,472,862

          125,083,717,200

          1987

          16.07.87

          ITL 600

          173,028,100

          103,816,860,000

          1986

          17.07.86

          ITL 600

          123,092,718

          73,855,630,800

          1985

          16.07.85

          ITL 500

          122,594,079

          61,297,039,500

          1984

          17.07.84

          ITL 325

          122,098,100

          39,681,882,500

          1983

          19.07.83

          ITL 1,100

          30,524,525

          33,576,977,500

          1982

          16.07.82

          ITL 1,100

          24,419,620

          26,869,582,000

          1981

          08.07.81

          ITL 950

          24,419,620

          23,198,639,000

          1980

          21.07.80

          ITL 750

          24,419,620

          18,314,715,000

          1979

          19.07.79

          ITL 700

          19,278,648

          13,495,053,600

          1978

          19.07.78

          ITL 600

          16,457,544

          9,874,526,400

          1977

          20.07.77

          ITL 550

          13,714,624

          7,543,043,200

          1976

          19.07.76

          ITL 500

          13,714,624

          6,857,312,000

          1975

          21.07.75

          ITL 500

          8,944,320

          4,472,160,000

          1974

          09.07.74

          ITL 500

          8,944,320

          4,472,160,000

          1973

          19.07.73

          ITL 500

          7,453,600

          3,726,800,000

          1972

          19.07.72

          ITL 450

          7,453,600

          3,354,120,000

          1971

          19.07.71

          ITL 450

          7,453,600

          3,354,120,000

          1970

          08.06.70

          ITL 550

          5,324,000

          2,928,200,000

          1969

          18.06.69

          ITL 550

          4,840,000

          2,662,000,000

          1968

          19.06.68

          ITL 1,000

          2,420,000

          2,420,000,000

          1967

          19.07.67

          ITL 900

          2,420,000

          2,178,000,000

          1966

          08.08.66

          ITL 850

          2,420,000

          2,057,000,000

          1965

          20.07.65

          ITL 850

          2,420,000

          2,057,000,000

          1964

          21.07.64

          ITL 850

          2,420,000

          2,057,000,000

          1963

          29.07.63

          ITL 850

          2,420,000

          2,057,000,000

          1962

          22.06.62

          ITL 850

          2,200,000

          1,870,000,000

          1961

          03.07.61

          ITL 750

          2,200,000

          1,650,000,000

          1960

          04.07.60

          ITL 700

          2,000,000

          1,400,000,000

          1959

          06.07.59

          ITL 650

          2,000,000

          1,300,000,000

          1958

          07.07.58

          ITL 600

          2,000,000

          1,200,000,000

          1957

          03.07.57

          ITL 550

          2,000,000

          1,100,000,000

          1956

          02.07.56

          ITL 500

          2,000,000

          1,000,000,000

          1955

          04.07.55

          ITL 400

          2,000,000

          800,000,000

          1954

          08.07.54

          ITL 350

          2,000,000

          700,000,000

          1953

          08.07.53

          ITL 300

          2,000,000

          600,000,000

          1952

          07.07.52

          ITL 250

          2,000,000

          500,000,000

          1951

          02.07.51

          ITL 200

          2,000,000

          400,000,000

          1950

          06.07.50

          ITL 160

          2,000,000

          320,000,000

          1949

          06.07.49

          ITL 120

          1,600,000

          168,000,000

          1948

          22.07.48

          ITL 60

          1,200,000

          72,000,000

          1947

          30.04.47

          ITL 35

          600,000

          21,000,000

          1946

          11.02.46

          ITL 31.5

          600,000

          18,900,000

          1945

          -

          ITL 31.5

          600,000

          18,900,000

          1944

          giu-44

          ITL 35

          600,000

          21,000,000

          1943

          giu-43

          ITL 35

          600,000

          21,000,000

          1942

          giu-42

          ITL 35

          600,000

          21,000,000

          1941

          mag-41

          ITL 35

          600,000

          21,000,000

          1940

          mag-40

          ITL 35

          600,000

          21,000,000

          1939

          mag-39

          ITL 175

          120,000

          21,000,000

          1938

          Apr-38

          ITL 175

          120,000

          21,000,000

          1937

          Apr-37

          ITL 175

          120,000

          21,000,000

          1936

          Apr-36

          ITL 175

          120,000

          21,000,000

          1935

          Apr-35

          ITL 175

          120,000

          21,000,000

          1934

          Apr-34

          ITL 175

          120,000

          21,000,000

          1933

          Apr-33

          ITL 175

          120,000

          21,000,000

          1932

          Apr-32

          ITL 175

          120,000

          21,000,000

          1931

          Apr-31

          ITL 175

          120,000

          21,000,000

          1930

          Apr-30

          ITL 175

          120,000

          21,000,000

          1929

          Apr-29

          ITL 175

          120,000

          21,000,000

          1928

          Apr-28

          ITL 150

          120,000

          15,000,000

          1927

          Apr-27

          ITL 150

          120,000

          15,000,000

          1926

          Apr-26

          ITL 150

          120,000

          15,000,000

          1925

          mag-25

          ITL 150

          80,000

          12,000,000

          1924

          mag-24

          ITL 125

          80,000

          10,000,000

          1923

          giu-23

          ITL 750

          6,300

          4,275,000

          1922

          giu-22

          ITL 680

          6,300

          4,284,000

          1921

          lug-21

          ITL 640

          6,300

          4,032,000

          1920

          -

          ITL 600

          6,300

          3,780,000

          1919

          -

          ITL 600

          6,300

          3,780,000

          1918

          -

          ITL 600

          6,300

          3,780,000

          1917

          -

          ITL 600

          6,300

          3,780,000

          1916

          -

          ITL 400

          6,300

          2,520,000

          1915

          Apr-15

          gold Franc pieces 500

          6,300

          3,150,000

          1914

          Mar-14

          gold Franc pieces 720

          6,300

          4,536,000

          1913

          Mar-13

          gold Franc pieces 720

          6,300

          4,536,000

          1912

          Apr-12

          gold Franc pieces 700

          6,300

          4,410,000

          1911

          Apr-11

          gold Franc pieces 700

          6,000

          4,200,000

          1910

          Mar-10

          gold Franc pieces 600

          6,000

          3,600,000

          1909

          Mar-09

          gold Franc pieces 600

          6,000

          3,600,000

          1908

          Mar-08

          gold Franc pieces 600

          6,000

          3,600,000

          1907

          Mar-07

          gold Franc pieces 540

          6,000

          3,240,000

          1906

          Mar-06

          gold Franc pieces 420

          5,000

          2,100,000

          1905

          Mar-05

          gold Franc pieces 400

          5,000

          2,000,000

          1904

          Mar-04

          gold Franc pieces 400

          5,000

          2,000,000

          1903

          Mar-03

          gold Franc pieces 390

          5,000

          1,950,000

          1902

          Mar-02

          gold Franc pieces 380

          5,000

          1,900,000

          1901

          Apr-01

          gold Franc pieces 360

          5,000

          1,800,000

          1900

          Apr-00

          gold Franc pieces  360

          5,000

          1,800,000

          1899

          -

          gold Franc pieces 360

          5,000

          1,800,000

          1898

          -

          gold Franc pieces 360

          5,000

          1,800,000

          1897

          -

          gold Franc pieces 360

          5,000

          1,800,000

          1896

          -

          gold Franc pieces 340

          5,000

          1,700,000

          1895

          -

          gold Franc pieces 300

          5,000

          1,500,000

          1894

          -

          gold Franc pieces 300

          5,000

          1,500,000

          1893

          -

          gold Franc pieces 300

          5,000

          1,500,000

          1892

          -

          gold Franc pieces 300

          5,000

          1,500,000

          1891

          -

          gold Franc pieces 300

          5,000

          1,500,000

          1890

          -

          gold Franc pieces 255

          5,000

          1,275,000

          1889

          -

          gold Franc pieces 255

          5,000

          1,275,000

          1888

          -

          gold Franc pieces 265

          5,000

          1,325,000

          1887

          -

          gold Franc pieces 300

          5,000

          1,500,000

          1886

          -

          gold Franc pieces 310

          5,000

          1,550,000

          1885

          -

          gold Franc pieces 300

          5,000

          1,500,000

          1884

          -

          gold Franc pieces 220

          5,000

          1,100,000

          1883

          -

          gold Franc pieces 255

          5,000

          1,275,000

          1882

          -

          gold Franc pieces 270

          5,000

          1,350,000

          1881

          -

          gold Franc pieces 180

          5,000

          900,000

          1880

          -

          gold Franc pieces 170

          5,000

          680,000

          1879

          -

          gold Franc pieces 153.75

          4,000

          615,000

          1878

          -

          gold Franc pieces 125.05

          4,000

          500,200

          1877

          -

          gold Franc pieces 173.75

          4,000

          615,000

          1876

          -

          gold Franc pieces 153.75

          4,000

          615,000

          1875

          -

          gold Franc pieces 190

          4,000

          760,000

          1874

          -

          gold Franc pieces 180

          4,000

          720,000

          1873

          -

          gold Franc pieces 200

          4,000

          800,000

          1872

          -

          gold Franc pieces 187.5

          4,000

          750,000

          1871

          -

          gold Franc pieces 150

          4,000

          600,000

          1870

          -

          gold Franc pieces 150

          4,000

          600,000

          1869

          -

          gold Franc pieces 125

          4,000

          500,000

          1868

          -

          gold Franc pieces 73.5

          4,000

          294,000

          1867

          -

          gold Franc pieces 73.5

          4,000

          294,000

          1866

          -

          gold Franc pieces 73.5

          4,000

          294,000

          1865

          -

          gold Franc pieces 126

          4,000

          504,000

          1864

          -

          gold Franc pieces 73.5

          4,000

          294,000

          1863

          -

          gold Franc pieces 73.5

          4,000

          294,000

          * As from 2000, the relevant coupon detachment date will be three days before the payment date. Starting from 2015, the relevant coupon detachment date will be two days before the payment date.
          ** The dividend per unit includes Euro 0.15 per share in cash and the free allotment of one Assicurazioni Generali ordinary share for every 25 shares held. The dividend in kind corresponds to 1/25 of the share and is equal to 0.63 euro according to the official price of 21 May 2009 (Euro 15.869). For tax purposes, the “normal value” of each allotted share is equal to Euro 15.724 and is made by the arithmetic mean of the share prices between 18 April and 18 May 2009 (coupon detachment date) on the days when the regulated market was open.