Generali Group

          where we are

                                   

          Goals and results

          Our three-year strategic plan Generali 2021, presented on November 21st 2018, sets ambitious targets to accelerate the Group’s growth and deliver superior returns to our shareholders.

          FINANCIAL TARGETS 2019-2021

          GROWING EARNINGS PER SHARE 

          GROWING DIVIDEND

          HIGHER RETURN FOR SHAREHOLDERS

          6%-8%

          EPS cagr range1 2018-2021

          55%-65%

          Dividend pay out range2 2019-2021

          >11.5%

          Average return on equity3 2019-2021

           

          (1) 3 year CAGR; adjusted for impact of gains and losses related to disposals and Liability Management loss
          (2) Adjusted for impact of gains and losses related to disposals
          (3) Based on IFRS Equity excluding OCI and on total net result

          Each strategic pillar contributes to Earnings per Share growth

          Each strategic pillar contributes to Earnings per Share growth

          The Generali 2021 Strategy – targets and achievements

          Pillars Goals 2019 Achievements Main industrial KPIs Status
          Profitable Growth
          • Strengthen leadership in Europe
          • Focus on high potential insurance markets
          • Develop a global Asset Management platform
          • 2nd non-life player in Portugal through acquisition of Seguradoras Unidas
          • Acquisition of AdvanceCare
          • Acquisitions in Central & Eastern Europe
          • Further broadened global AM platform, today comprising 16 boutiques
          • Launch of new insurance offers (e.g. Arte Generali)
          • Earnings CAGR 2018-2021 insurance markets Europe (3% - 6%)
          • Earnings CAGR 2018-2021 service-based revenue streams (7% - 10%)
          • Earning CAGR 2018-2021 high potential insurance markets (20% - 25%)
          • Earning CAGR 2017-2021 Asset Management (>20%)2


          On track



          On track




           

          X Impairments in Argentina

          On track

          Capital Management and Financial Optimization
          • Increase capital generation
          • Enhance cash remittance
          • Reduce debt amount and cost
          • Strong capital generation at € 3.5 bn
          • Increased and more diversified cash remittances
          • Reduced outstanding financial debt by €1.75 bn(1) and gross cost of debt by €164 mn
          • Cumulative Capital Generation 2019-2021 
            (> € 10.5 billion)
          • Net cash remittance to Holding 2019-2021 
            (> € 7 billion)
          • Debt Reduction by 2021 (€ 1.5 - 2 billion)
          • Gross Interest Expense Reduction 2021 vs. 2017 (€ 70 - 140 million)

          On track 




          On track




          Achieved

          Over-achieved

          Innovation and Digital Transformation
          • Become a life-time partner to customers
          • Enable digital transformation of distribution
          • Transform and digitalize operating model
          • Customer and distributor hallmarks and digital enablers in place across all Business Units to drive transformation
          • Innovation and digitalization of the operating model ongoing (e.g. launch of the Mobility Platform; agreement with Mercado Libre in Argentina)
          • Relationship Net Promoter Score: +3 points, narrowing the gap with our international European peers
          • Total Investments toward internal strategic initiatives 2019-2021 (€ 1 billion)
          • Cumulative expense reduction Insurance Europe 2018-2021 (€ 200 million)

          On track


           

          On track

           

           

          (1) including reimboursement of senior bond in January 2020
          (2) including inorganic growth

           

          Generali Investor Day 2018 – Press Release 530 kb  
          Investor Day 2018 presentation 3 mb  
          TLC官网