Milan - Delayed Quote EUR

Assicurazioni Generali S.p.A. (G.MI)

22.76

-0.27

(-1.17%)

At close: April 25 at 5:35 PM GMT+2

The WSJ Dollar Index Falls 0.09% to 98.81

NEWSPLUS The WSJ Dollar Index is down 0.09 point or 0.09% today to 98.81 —Down four of the past five trading days —Lowest closing value since Thursday, March 21, 2024 —Off 2.09% from its 52-week high of 100.

The Wall Street Journal 17 days ago

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Generali Results Beat Expectations; Raises Dividend

Generali raised its dividend after 2023 results beat expectations on continuous earnings growth, but a weaker property&casualty segment dragged its fourth-quarter profit.

The Wall Street Journal last month

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20 Most Carbon Productive Companies in the World

In this article, we will look into the 20 most carbon-productive companies in the world. If you want to skip our detailed analysis, you can go directly to the 5 Most Carbon Productive Companies in the World. Global Carbon Emissions Outlook According to a report by the International Energy Agency, global carbon dioxide emissions increased […]

Insider Monkey 2 months ago

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Cost of Insuring European Junk Bonds Against Default Rises

The cost of insuring European junk bonds against default climbed on rising uncertainty about the path of central banks’ rate decisions after last week’s stronger-than-expected economic data.

The Wall Street Journal 2 months ago

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UPDATE 2-Italy's Generali spends $108 mln to grow China non-life insurance business

Italy's biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China by buying out local partner CNPC Capital for around 99 million euros ($108 million). Generali said it planned to expand its distribution network in China and bet in particular on green business insurance to tap into the country's ambition to reach carbon neutrality by around 2060. The acquisition of a 51% stake in Generali China Insurance (GCI) follows CNPC Capital's decision, it disclosed in November, to launch a public tender for its stake in its partnership with the Italian insurer.

Reuters 3 months ago

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15 Best Motorcycle Insurance Companies Heading into 2024

In this article, we will take a look at the 15 best motorcycle insurance companies heading into 2024. If you want to skip our detailed analysis, you can go directly to 5 Best Motorcycle Insurance Companies Heading into 2024. Forcite: An Effort to Prevent Motorcycle Accidents The casualties caused by motorcycle accidents have been a […]

Insider Monkey 4 months ago

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Generali keeps 2024 goal as profits rise 30% despite disaster claims

MILAN (Reuters) -Italy's top insurer Generali stuck to 2024 targets on Thursday after posting a 29.6% rise in nine-month adjusted net profit despite rising claims from natural disasters which it said would also weigh on this quarter. The impact of extreme weather on Italy's fragile topography has been posing a growing challenge to insurers there. Floods and hailstorms in Italy, Greece and central eastern European countries inflicted a 3.7-percentage point hit to Generali's combined ratio in the nine months through September.

Reuters 5 months ago

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UPDATE 1-Cinven eyes sale of German life insurer Viridium – sources

Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was hit by heavy customer outflows earlier in the year, three people familiar with the matter told Reuters. The private equity firm is working with advisers at Fenchurch Advisory and Goldman Sachs to gauge interest in Viridium, which buys old books of policies from other insurers, two of them said. A formal sale could kick off as soon as German regulator BaFin completes its review of a planned portfolio acquisition by Viridium, said the people, who spoke on condition of anonymity.

Reuters 6 months ago

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Generali's TUA Assicurazioni draws foreign bid interest

A number of international groups are in the running to buy TUA Assicurazioni from Generali, sources with knowledge of the matter said, as Italy's top insurer aims to streamline assets inherited in a deal in 2021. TUA Assicurazioni, a non-life company founded in 2003, is valued at around 300 million euros ($335 million), according to the sources. TUA offers policies covering areas such as motoring, home and health and was acquired by Generali as part of its deal to buy smaller rival Cattolica two years ago.

Reuters 9 months ago

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UPDATE 2-Generali buys U.S. asset manager Conning under deal with Cathay Life

Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan's Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of assets without a cash consideration, realises Generali CEO Philippe Donnet's ambition of expanding into the asset management sector in the United States. Under its current three-year plan, Generali had been seeking acquisition targets in insurance and asset management, earmarking up to 3 billion euros ($3.25 billion) for M&A transactions and citing possible deals in Europe, Asia and the United States.

Reuters 9 months ago

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Generali buys U.S. asset manager Conning under deal with Cathay Life

Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan's Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of assets without a cash consideration, realises Generali CEO Philippe Donnet's ambition of expanding into the asset management sector in the United States. Under its current three-year plan, Generali had been seeking acquisition targets in insurance and asset management, earmarking up to 3 billion euros ($3.25 billion) for M&A transactions and citing possible deals in Europe, Asia and the United States.

Reuters 9 months ago

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European shares end lower as healthcare declines outweigh miner gains

(Reuters) -European shares erased gains by the closing bell to finish lower on Monday as AstraZeneca led falls among healthcare stocks that outweighed gains by Generali and among miners buoyed by hopes of more policy stimulus from China. The pan-European STOXX 600 index dipped 0.2%, reversing gains of some 0.4%, to kick off the first day of the second half of the year on the back foot. Shares British drugmaker AstraZeneca plunged 8.0%, clocking its worst day since March 2020 after as analysts said the benefits from its experimental lung cancer drug may not be as pronounced as hoped.

Reuters 9 months ago

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European shares gain on boost from miners; Generali shines

European shares gained on Monday as further evidence of weak growth in China supported hopes of a policy stimulus, while Generali jumped after Delfin was authorized to hold an over 10% stake in Italy's biggest insurer. The pan-European STOXX 600 index was up 0.2% by 7:03 GMT, kicking off the second half of the year on positive note after notching solid gains in the first six months. Miners gained 1.1% as most metal prices rose on hopes that China's government will deliver a stronger economic stimulus package after a survey showed the country's factory activity slowed in June.

Reuters 9 months ago

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UPDATE 1-Generali to buy Liberty Mutual's Spanish Unit in $2.5 bln all-cash deal

Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy's top insurer said on Thursday. "Generali is acquiring a profitable insurance business in three growing European markets with very attractive characteristics, that will create significant long-term value for all stakeholders," Chief Executive Philippe Donnet said in a statement. Generali said it expects the acquisition to bring a reduction of 9.7 percentage points on the group's regulatory solvency ratio.

Reuters 10 months ago

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Generali to buy Liberty Mutual's Spanish Unit in $2.5 billion all-cash deal

ROME (Reuters) -Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy's top insurer said on Thursday. "Generali is acquiring a profitable insurance business in three growing European markets with very attractive characteristics, that will create significant long-term value for all stakeholders," Chief Executive Philippe Donnet said in a statement. Generali said it expects the acquisition to bring a reduction of 9.7 percentage points on the group's regulatory solvency ratio.

Reuters 10 months ago

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UPDATE 3-Generali confirms 2024 targets despite life business hit

Italy's Generali confirmed all its 2024 business plan targets on Thursday after first quarter profits rose on a strong non-life performance which more than offsetting weakness in the insurer's life business. Generali reported net outflows of 190 million euros ($209 million) in its life business, compared to inflows of 3.7 billion euros in the same period last year, as attractive yields on Italian government bonds prompted customers to switch to BTP bonds, its finance head Cristiano Borean told a press briefing. Borean said this was particularly true of affluent customers and high-net-worth individuals who bought insurance products in bank branches and approached them as an investment.

Reuters 10 months ago

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Generali confirms strategic targets, Q1 net income rises sharply

Investing.com - Generali (BIT:GASI) (OTC:ARZGY) confirmed its strategic targets after reporting growth numbers in the first quarter. After starting positively, the stock dipped, losing 0.7% to trade at €17.75 (€1=$1.0732).

Investing.com 10 months ago

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Performance Overview

Return	G.MI	FTSE MIB Index
YTD	+19.13%	+11.82%
1-Year	+26.68%	+23.25%
3-Year	+66.55%	+39.18%

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Assicurazioni Generali S.p.A. (G.MI)

The WSJ Dollar Index Falls 0.09% to 98.81

Generali Results Beat Expectations; Raises Dividend

20 Most Carbon Productive Companies in the World

Cost of Insuring European Junk Bonds Against Default Rises

UPDATE 2-Italy's Generali spends $108 mln to grow China non-life insurance business

15 Best Motorcycle Insurance Companies Heading into 2024

Generali keeps 2024 goal as profits rise 30% despite disaster claims

UPDATE 1-Cinven eyes sale of German life insurer Viridium – sources

Generali's TUA Assicurazioni draws foreign bid interest

UPDATE 2-Generali buys U.S. asset manager Conning under deal with Cathay Life

Generali buys U.S. asset manager Conning under deal with Cathay Life

European shares end lower as healthcare declines outweigh miner gains

European shares gain on boost from miners; Generali shines

UPDATE 1-Generali to buy Liberty Mutual's Spanish Unit in $2.5 bln all-cash deal

Generali to buy Liberty Mutual's Spanish Unit in $2.5 billion all-cash deal

UPDATE 3-Generali confirms 2024 targets despite life business hit

Generali confirms strategic targets, Q1 net income rises sharply

Performance Overview