Generali, Fitch revises the outlook to positive from stable and affirms the “A-” IFS rating

08 October 2021 - 19:20

Milan – Fitch Ratings have revised Generali’s outlook to positive from stable. The agency also affirmed Generali's ‘A-’ Insurer Financial Strength (IFS) rating and the ‘BBB+’ Issuer Default Rating (IDR).

The outlook reflects the Group’s improved financial leverage during 2020 and reduced Italian sovereign asset concentration risk. Fitch expects Generali to continue to gradually reduce its concentration of Italian sovereign bonds in 2021-2022.
The ratings reflect Generali’s very strong capitalisation and business profile, as well as stable earnings.

Please find here the press release issued by Fitch.

Generali Group

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Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.

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