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Assicurazioni Generali S.p.A. (ARZGY)

17.63

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At close: April 17 at 4:00:00 PM EDT

European Insurers Will Be Slower Than Banks to Consolidate, Generali Executive Says

Giulio Terzariol said there will be fewer insurance companies in 10 or 20 years, adding weaker players could become takeover targets in challenging environments.

The Wall Street Journal 16 days ago

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Spain launches antitrust probe into Generali and Sanitas

The focus of the probe is a collaborative agreement between the two companies that commenced in January 2023.

Life Insurance International 22 days ago

G.MI
Generali Group adjusted net result rises to $4.9bn in 2024

In Q4 2024, the company reported an adjusted net result of €889m ($966.78m), a 49.3% increase from the same quarter of the previous year.

Life Insurance International last month

G.MI
Generali (ARZGF) Q4 2024 Earnings Call Highlights: Record Highs and Strategic Growth

Generali (ARZGF) achieves unprecedented operating and net results, with strategic initiatives driving growth across segments.

GuruFocus.com last month

G.MI
Generali Operating Profit Rises on Higher Premiums

Assicurazioni Generali said its operating profit rose on the performance of all its units over 2024 gross written premiums that increased more than expected.

The Wall Street Journal last month

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Generali posts record profit as AGM tussle looms

MILAN (Reuters) -Italy's biggest insurer Generali reported on Thursday a record profit for 2024, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The insurer, historically a bulwark of Italy's financial system, also said it could step up purchases of domestic government bonds, which may be significant as it seeks to win Italian government approval for its planned tie-up with France's Natixis Investment Managers. Generali said its growing life portfolio could warrant larger Italian government bond holdings, which it holds as reserves against liabilities.

Reuters last month

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Stocks to watch this week: TSMC, Oracle, Volkswagen, Inditex and Persimmon

Earnings preview of key companies reporting this week and what to look out for.

Yahoo Finance UK last month

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Treasury Yields Decline on Jobs Data

Treasury yields fell as U.S. jobs creation accelerated less than expected amid a decline in government employment.

The Wall Street Journal last month

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What is next in Italy's banking saga?

The raft of takeover attempts rocking Italy's financial sector will be put to a market test in the coming months, when investors in the target companies will be deciding whether to tender their shares. After receiving a green light from the Bank of Italy on Wednesday, Banco BPM starts the dance this month with its proposed purchase of fund manager Anima Holding. UniCredit is expected to follow suit in April with its own buyout bid for Banco BPM.

Reuters last month

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UNCRY

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Caltagirone has raised his stake in Generali to 8%, MF daily says

ROME (Reuters) -Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate comment. According to MF, the businessman strengthened his position in Generali via put and call contracts underwritten with Banca Finnat.

Reuters last month

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Exclusive-Billionaire Generali investor weighs candidates for CEO challenge

One of Generali's biggest investors is considering challenging the reappointment of longstanding CEO Philippe Donnet in May and is weighing potential alternative candidates to lead Italy's biggest insurer, four sources close to the matter said. Three years ago Francesco Gaetano Caltagirone, an Italian construction and publishing billionaire with a 6.9% stake in Generali led a failed attempt to replace Donnet, who had backing from the insurer's board and its biggest shareholder Mediobanca. Caltagirone, as well as the late billionaire Leonardo Del Vecchio, has criticised Donnet, at the helm of the insurer since 2016, for failing to grow Generali sufficiently.

Reuters 2 months ago

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Italy’s UniCredit discloses 4.1% stake in Generali

The Milan-based bank called the stake a “pure financial investment”, emphasising it has no strategic interest in the insurer.

Retail Banker International 2 months ago

UNCRY

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Generali to initiate share buyback programme

The authorisation for the buyback has a term of 18 months.

Life Insurance International 2 months ago

G.MI
Generali steps up investor returns as CEO offers to stay in charge

VENICE (Reuters) -Generali on Thursday promised shareholders more than 8.5 billion euros ($8.9 billion) in dividends and share buybacks under a new strategy through 2027, as CEO Philippe Donnet prepares to fight for reappointment. Investors in Italy's biggest insurer have in the past clashed over its leadership, with Donnet backed by top shareholder Mediobanca but under attack by two billionaires - Francesco Gaetano Caltagirone and the now deceased Ray-Ban magnate Leonardo Del Vecchio.

Reuters 2 months ago

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Milan mayor sides with Mediobanca, saying MPS bid is Rome-Milan match

Milan mayor Giuseppe Sala on Wednesday sided with Mediobanca in a takeover battle launched by state-backed Monte dei Paschi di Siena (MPS), signalling the financial saga was becoming increasingly political. The state still owns 11.7% of the Tuscany-based bank, down from 68%.

Reuters 2 months ago

MDIBY

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Generali sets up global corporate and commercial unit in India

Shib Shankar Saha will lead GC&C India, reporting directly to GC&C Asia head Axel Roesner.

Life Insurance International 2 months ago

G.MI
Generali partners with MIT to explore AI in insurance

The partnership will focus on the practical applications of AI in risk modelling, claims assessment and smart underwriting.

Life Insurance International 2 months ago

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Explainer-Billionaire Caltagirone's role in Italy's banking M&A wave

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in a reshaping of Italy's financial sector triggered by a surge in M&A activity. Caltagirone last year expanded his investments in Italy's financial sector, becoming a key shareholder in bailed-out bank Monte dei Paschi di Siena (MPS) and fund manager Anima Holding. He has long been the third-largest shareholder in Italy's biggest insurer Generali and has increased its stake in Mediobanca since 2021 to become the No. 2 investor in the Milanese bank.

Reuters 2 months ago

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MDIBY

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How Italy's MPS went from near collapse to bid for revered merchant bank

MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy's Treasury picked him out to revive the fortunes of the world's oldest bank, five years after bailing it out. MPS stock traded at 7 euros this week when Lovaglio and his finance chief Andrea Maffezzoni have emerged from two all-nighters that ended in them launching a 13.3 billion euro ($14 billion) all-share takeover bid for larger rival Mediobanca, Italy's historic investment bank. MPS, which once threatened to spread contagion across the industry, is bidding for a bank that for decades held sway over Italy's financial arena.

Reuters 2 months ago

MDIBY

CALT.MI

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Generali, BPCE announce $1.9tn global asset management JV

The combined entity will have equal ownership, with each party holding 50% and sharing governance and control.

Private Banker International 2 months ago

G.MI

Performance Overview

Return	ARZGY	FTSE MIB Index (FTSEMIB.MI)
YTD	+23.89%	+5.25%
1-Year	+56.64%	+6.98%
3-Year	+101.11%	+44.72%

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Assicurazioni Generali S.p.A. (ARZGY)

European Insurers Will Be Slower Than Banks to Consolidate, Generali Executive Says

Spain launches antitrust probe into Generali and Sanitas

Generali Group adjusted net result rises to $4.9bn in 2024

Generali (ARZGF) Q4 2024 Earnings Call Highlights: Record Highs and Strategic Growth

Generali Operating Profit Rises on Higher Premiums

Generali posts record profit as AGM tussle looms

Stocks to watch this week: TSMC, Oracle, Volkswagen, Inditex and Persimmon

Treasury Yields Decline on Jobs Data

What is next in Italy's banking saga?

Caltagirone has raised his stake in Generali to 8%, MF daily says

Exclusive-Billionaire Generali investor weighs candidates for CEO challenge

Italy’s UniCredit discloses 4.1% stake in Generali

Generali to initiate share buyback programme

Generali steps up investor returns as CEO offers to stay in charge

Milan mayor sides with Mediobanca, saying MPS bid is Rome-Milan match

Generali sets up global corporate and commercial unit in India

Generali partners with MIT to explore AI in insurance

Explainer-Billionaire Caltagirone's role in Italy's banking M&A wave

How Italy's MPS went from near collapse to bid for revered merchant bank

Generali, BPCE announce $1.9tn global asset management JV

Performance Overview