Generali Group

          where we are

                                   

          Debt & ratings

          Debt & ratings

          Liabilities are split into two categories: liabilities linked to operating activities (consolidated financial liabilities related to specific balance sheet items) and liabilities linked to financing activities (including the other consolidated financial liabilities, including subordinated liabilities, bond issued and other loans obtained).

          (€ million) 31/12/2019 31/12/2018
          Liabilities linked to operating activities 28,891 27,009
          Liabilities linked to financing activities 11,013 11,532
            Subordinated liabilities 7,717 8,124
            Senior bonds 2,988 2,983
            Other non subordinated liabilities linked to financing activities 308 425
          Total 40,903 38,540

          The weighted average cost of liabilities linked to financing activities stood at 4.95%, down from 5.66% at 31 December 2018.

          Average cost & maturity of financial debt (%)

            2019 2018
          Average cost (%) 4.95% 5.66%
            Subordinated/Hybrid 5.23% 6.18%
            Senior 4.19% 4.19%
          Average maturity (years) 5.52 5.34
          Interest expenses on financial debt 605 666

          Total financial debt

          Total financial debt
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