In a quite challenging market context, Generali priorities are to consolidate the leadership in Europe and strengthen the position in high-potential markets, with an ambition to profitable growth, combined with financial optimisation as well as innovation and digital transformation.
In a context of greater uncertainty and volatility due to the further spread of COVID -19 - for which it is not currently possible to make a reasonable estimate of the medium-term impact - we continue to focus on the disciplined execution of the strategy. Generali has promptly implemented a series of initiatives to ensure business continuity and to protect the health of the people who work for the Group and its customers. Generali is a global insurance player that increasingly uses digital technology in its customer relations. It is recognized as one of the most solid operators in the industry thanks to its excellent Solvency level and efficient financial management.
The Group therefore is continuing with the disciplined execution of the ‘General 2021’ strategy along the lines of profitable growth objectives driven by technical performance, efficiency of the operating structure and the solidity of the distribution network. This growth forecasts a positive contribution also from the recent expansion transactions both in Eastern Europe and in Portugal as well as in Asset Management.
Thanks to the results posted in 2019 and by leveraging the initiatives undertaken, the Group confirms the targets of the ’Generali 2021’ strategic plan, with growth in earnings per share1 of between 6% and 8%, an average RoE of more than 11.5% and a dividend pay-out ratio2 between 55% and 65%.
1 Three-year CAGR; adjusted for impact of gains and losses related to disposals.
2 Adjusted for impact for gains and losses related to disposals.