Assicurazioni Generali shares, quotations of share G on the Stock Exchange

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ISIN code: IT0000062072
Sector: Finance
Industry: Multi-line insurance

Le actions of Generali Assicurazioni are listed on the Milan Stock Exchange under the ticker G.

Look at the history of the quotation of the share on the Milan Stock Exchange

Company Description

Assicurazioni Generali (commonly known as the Generali Group) is an Italian insurance company. The company was founded on 26 December 1831 in Trieste where the headquarters are located. The direction for Italy is located in Mogliano Veneto.
Generali Group is present in 50 countries. It operates mainly in Europe and has an important presence in Asia and Latin America. The group has more than 72 employees and almost 70 million customers.

Currently at the head of the company there are Gabriele Galateri of Genola (as chairman since April 2011), Francesco Gaetano Caltagirone (Deputy Vice President) e Philippe Donnet (CEOs).

Generali are the largest Italian insurance company, third in Europe for turnover after Allianz ed AXIS. The group is one of the leading companies in Europe and one of the largest global groups in the insurance and asset management sector.

The parent company is Generali Italy which was born in 2013 from merger by incorporation of the Italian branch of Assicurazioni Generali into INA Assitalia.

Generali operates in all forms of insurance: life and non-life, non-life and also operate as a reinsurance company. The largest revenues come from the life insurance sector (67,1%). It also has asset management, real estate and brokerage activities General Bank works in the banking sector.

Assicurazioni Generali have been listed on the Stock Exchange since 1857 when they were included in the Trieste Stock Exchange. After the closure of the Stock Exchange in 1997, they are listed on the Milan Stock Exchange in the FTSE MIB index.

THEshareholders, as of December 2021, it is composed as follows:

• Institutional Investors, 35,42%
• Major shareholders, 30,15%
• Retail, 23,00%
• Other Investors, 8,08%
• Treasury shares, 0,39%
• Unidentifiable shareholders, 2,96%

Geographically investors come mainly from Italy (64%).

As of December 2021, the major shareholders (above 3%) of the Generali Group are:

• Mediobanca, 12,82% (has a further 4,43% of the share capital as a result of a securities lending transaction. Total voting rights therefore amount to 17,25%)
• Caltagirone Group, 7,32%
• Del Vecchio Group, 6,04%
• Benettons, 3,97%

Other shareholders with smaller share:

• The Vanguard Group Inc, 2,17%
• Norges Bank Investment Management, 1,54%
• B&D Holding SpA (De Agostini Group), 1,44%
• Turin Savings Bank Foundation, 1,2%
• National Insurance Fund & Forensic Assistance, 1,00%

In November 2021, the De Agostini Group announces its intention to dispose of its 1,44% stake.

Le main companies of the Group Generali I'm:

Italy:

• Insurance Alliance
• General Bank
• Genertel
• genertellife
• Geneagricola
• Augusta Insurance
• The
• Jeniot
• Wellion
• Generali Real Estate SpA
• Generali Investments Holding SpA
• Generali Insurance Asset Management SpA (GIAM)
• Generali Investment Partners SpA (GIP)

Worldwide:

• Generali France
• Europ Assistance
• General Streets
• Generals Yard
• General Luxembourg
• Generali Investment Luxembourg SA (GIL)
• General Patrimoine
• L'Equité
• GFA Caribbean
• Prudence Creole
• Generals Deutschland 
• CosmosDirekt
• Dialogue
• Fortune Investments
• Generals Spain
• Generali insurance
• General Ceska Pojistovna
• Generals Biztosito
• Generals Towarzystwo Ubezpieczen
• General Seguros
• Generali Schweiz
• La Caja de Ahoro y seguro
• Generals Brasil Seguros
• Afp Planvital
• Generali Portugal
• General Greece
• Generali Insurance
• Generali China Life Insurance
• Generali Investments EEC
• Generali China Asset Management
• Guotai AMC
• Generals Indonesia
• Future Generals India
• Generali Philippines
• MPI General Insurans Berhad
• Generals Vietnam
• Generali Vitality Gmbh
• General Employee Benefits (GEB)
• Global Corporate and Commercial (GC&C)
• Generali Global Business Lines (GBL)

The company's last major acquisition took place in October 2021 after theTakeover bid launched on Cattolica Assicurazioni. The tender offer reached 66,67% of Cattolica's share capital. Generali already owned 20% of the Veneto company, which allowed the group to reach 84,5% of the share package. Since 5 November 2021, Generali has been the controlling shareholder of Cattolica.

Assicurazioni Generali has several holdings in numerous companies.
Among responsibilities we find:

• Banca Generali SpA, 51,029%
• Banca Monte Paschi di Siena, 3,46%
• Telco SpA,16,98%
• Imprebank, 20%
• Sara Insurance, 10%
• International Game Technology, 3,273%
• Terna SpA, 2,004%
• RCS MediaGroup SpA, 0,989%
• Unicredit SpA, 0,42%
• Maritime Investments, 30%
• Sementi Spa, 100% (through Geneagricola)
• OVS SpA, 0,18%

Turnover in 2020 was 81.060 billion euros with a net profit of 1.744 billion.
In 2020, total funding was over €70,7 billion.

Its solvency ratio is 210%.

The tagline is "Life Partner".

Economic and financial analysis of the company

Assicurazioni Generali Italian company insurance was established in 1831 in Trieste, during the Habsburg Empire, on the initiative of a group of traders from Trieste and Venice. Full name was Imperial Royal Privileged Generali Austro Insurance Company-Italians. The promoter of the initiative was the entrepreneur Giuseppe Lazzaro Morpurgo. The adjective “Generali” indicated the fact that the company dealt with every insurance branch: maritime, fire, life, hail. The initial share capital was two million guilders, spread over a large shareholding.

In the first years of life, it extended its activities in all Austrian territories and in the main European countries and ports. Between 1831 and 1837 he opened his branches in France, Germany and Spain. The three countries are still among the main European markets today.

In 1848, following the anti-Austrian uprisings, the adjective "Austro-Italic" was eliminated from the name and the company assumed the name Assicurazioni Generali.

It was created in 1851 Geneagricola, the Group's agri-food holding which operates in various agricultural sectors. It is the largest Italian agri-food company in terms of extension of crops and among the main ones in Europe.

In 1856, Generali became the largest insurance company in the empire.

In 1857 the company was listed on the Trieste Stock Exchange.

With the unification of Italy, the Group's Venetian management became the largest insurance company in the new kingdom.

The leadership of the Group was entrusted to Mark Besso who in 1877 was appointed general secretary of the company.

Generali decides to expand internationally: opens agencies in the Mediterranean, in Russia and Eastern Europe and also enters the market in the Far East. Asia is one of its main markets. Generali is one of the leading European insurers in the Asian market and currently operates in eight territories. It has been operating in China since 2013 with Generali China Life, in partnership with China National Petroleum Corporation (CNPC). In India and Malaysia Generali operates through joint venture agreements, respectively with Future Group and MPHB Capital Berhad. It also has operations in the Philippines, Indonesia, Thailand and Vietnam.

In Europe, subsidiary companies such as the Erste Allgemeine Schaden- und Unfallversicherung of Vienna, the Generate it in Romania, theAnonymous Hail andAnonymous Accidents in Milan.

After the end of the First World War there is a further international expansion of the company.
In 1924, Generali had eight managements abroad and sixty branches and agencies in thirty countries.

In 1934 Generali acquires Insurance Alliance, an Italian insurance company founded in Genoa in 1898.

In 1935, there were twenty-nine group companies in Europe, four in the Americas, two in Africa and one in Asia.

Having survived the Second World War unscathed, Generali developed further.

In 1963, through Generali France, founds Europ Assistance. Europ Assistance is, still today, one of the main global brands in the field of private assistance; is present in more than 200 countries and territories and offers insurance coverage and assistance in the travel sector, in the automotive sector with roadside assistance, and personalized coverage.

In 1968 he became president Cesare Merzagora which decides to reorganize the company in a more efficient and transparent way.

In 1980 entered the Hong Kong market with Hong Kong Generals. Here is the headquarters of the regional office (Generali Asia Regional Office), which coordinates the activities of the entire region.

In 1987 it entered the Swiss market through the acquisition and merger of numerous insurance companies.

In 1988, it strengthened its activities in France by acquiring a stake in Compagnie du Midi. The following year he became a shareholder of the French group AXA Mid (created to combine the holdings in the insurance sector of AXA and Compagnie du Midi) through the ownership of 40% of Investment Companies AxaGenerali, in turn a shareholder of AXIS with about 40%.

The end of the Cold War leads Generali to expand into the Eastern European market. It opens branches in the Czech Republic, Poland, Hungary, Slovakia, Montenegro, Slovenia and Croatia.

In 1990 AXA Midi merged into AXA SAS. Generali remains a shareholder with 40% of the share capital.
The new operational headquarters in Mogliano Veneto is inaugurated.

It was created in 1994 Genertel, the direct insurance company of Generali Italia.

In 1996 Generali decided to sell the stake in AXA SAS to concentrate its interests in the purchase of INA Assitalia.

In the 1998 is born General Bank, the bank of the Generali Group. Assicurazioni Generali is the bank's controlling shareholder with 50,1%.
In the same year, through Banca Generali, he became the sole shareholder of BSI Bank.

In 1999 Generali successfully launched a Public Offer on all the shares constituting the share capital of theINA.

It was created in 2001 Generals Life, a company that manages activities in the field of life insurance and supplementary pensions.

in 2006 Bull Insurance, an Italian insurance company founded in Turin in 1833, owned by De Agostini group is acquired by Generali. The acquisition of Toro brings the companies as a dowry to the group Augusta Assicurazioni, Lloyd Italico, Automobile Claims Defense and Nuova Tirrena. The following year, following the request of theAntitrust, Generali is forced to sell New Tirrena to the French Groupama for 1,25 billion to avoid a dominant position in southern Italy.
Abroad, it enters the Bulgarian market by acquiring 51% of the capital of Orel-G Holding, in Ukraine by acquiring 51% of Auto guarantor e Guarantee Life and in Serbia by buying the majority stake in the Serbian insurance company Delta Osiguranje. On March 13, he acquires the Croatian insurance company Libertas Osiguranje.

On 31 December 2006 Generali merged the companies INA and Assitalia into a single company: it was born INA Assitalia SpA.

Between 2006 and 2008 through Banca BSI, Generali acquires Credit Union Bank e Gotthard bank.

In 2008 he entered into a partnership with the Czech group PPF; a joint venture is formed, Generali PPF Holding, 51% owned by the Generali Group.

The presence abroad and the investments made allowed the company to overcome the 2008 financial crisis unscathed. This made Assicurazioni Generali one of the most efficient and solid insurance groups in the world.

On 25 June 2008 the company acquired the companies in Romania I will e Rai.

In 2009 from the merger by incorporation of Toro and Alleanza Assicurazioni into Generali, was born Taurus alliance. Abroad, it acquires 30% of Guotai AMC, a Chinese asset management company.

In 2010, he left the participation in Understanding Life.

In 2011, he sold the stake in Afore Banorte Generali, which operates in the Mexican pension sector and 51% of B-Source SA, a company that operates in banking services in Switzerland.

In 2012, he sold his 69,13% stake in Migdal Insurance and Financial Holdings, an Israeli company operating in the insurance and financial sector.

In 2013 he sold to Grupo Financiero Banorte the minority stake held in Seguros Banorte Generali e Pensiones Banorte Generali for 649 million euros. It sells the US life reinsurance business for a sum of 920 million dollars.
During the year, he decided to sell 12% of Banca Generali's capital at 13,55 euro per ordinary share, following the conclusion of an accelerated bookbuilding procedure. Following the sale, Generali drops to 51,5% of Banca Generali's capital.

In July 2013, the Italian insurance activities of Assicurazioni Generali were merged into INA Assitalia SpA; the name is changed to Generali Italia SpA.

On November 14, 2013 it acquired 100% of Generals Asia buying 40% from for 40 million euros Kuok which controlled the group's insurance operations in the Philippines, Thailand and Indonesia.

In December 2013, Alleanza Toro was closed. The Toro brand activities are separated from Alleanza Assicurazioni and merged into Generali Italia.

On June 11, 2014 he gave up Damage fairy to Cattolica Insurance for 194,7 million euros. Buys the remaining shares of Delta Osiguranje which is being renamed Generals Osiguranje Srbija.

In 2015, he bought 49% of the insurance company MPI extension in Malaysia and 3,85% in Cooperative Credit Bank (BCC). Acquires MyDrive Solutions, a leader in auto insurance technologies and sells the Brazilian group BSI bank BTG Pactual. Terminates the joint venture with the PPF Holding Group and acquires full control and powers over Generali CEE Holding.

In 2017 the foundation was created The Human Safety Net which deals with initiatives in favor of disadvantaged people.

In 2018, he sold the activities in Holland, Panama, Colombia and sold the Irish company Pan-European Generals. Acquires insurance companies Concord (Poland). Throw Openings Investors, a new asset management company based in New York. Buy CM Investment Solutions and increase participation in JV Futures Generali.

In 2019 he acquired Trip Mate, Adriatic Slovenia, KD Funds and a majority stake in Sycamore. Complete the purchase in Poland of Union Investment TFI SA from the German group Union Asset Management Holding AG which is later renamed Union Generali TFI. He gives in Generals Beligum e Generals Leben.
It is launched Axis Retail Partners, new real estate boutique.

In 2020 it participates in a capital increase of 300 million and enters the capital of Cattolica Insurance with 24,46%. In Portugal it acquires 100% of Seguradoras Unidas e Advancecare. Seguradoras Unidas SA has incorporated Generali Companhia de Seguros SA e Generali Vida Companhia de Seguros SA being renamed Generali Seguros, SA.
Complete the purchase of SK Versicherung AG in Austria and the portfolio Izvor osiguranje in Croatia. In France, it strengthens its strategic partnership with Klesia, a protection and health group specializing in group insurance.

Generali was included in the 2020 Global 100 Most Sustainable Corporations di Corporate Knights, the ranking that identifies the 100 most sustainable companies in the world.

In May 2021 completes the acquisition of AXA Insurance SA in Greece.

In October 2021 he launched a takeover bid on Cattolica Insurance reaching 85% of the share capital and assuming full control from the following month.

In November Generali has entered into exclusive negotiations with Crédit Agricole Assurances to acquire La Médicale, an insurance company of the French group aimed at healthcare professionals.