The document provides an agenda and materials for Generali's Investor Day event held in London on November 27, 2013. The agenda includes presentations on reshaping Generali's strategy with a focus on discipline, simplicity and focus, Generali Investment Management's pathway to excellence, and securing Generali's targets. The materials include details on Generali's investment portfolio and governance model, vision and direction for a more centralized investment strategy and governance structure, and plans to reduce cash and diversify the portfolio.
Generali held an Investor Day on November 19, 2014 in London to present on progress towards its 2015 targets. The company is ahead of schedule on key targets of increasing operating ROE to over 13% and Solvency I ratio above 160%. Cost savings and technical excellence initiatives are on track to deliver planned benefits. Generali has already achieved its capital targets through disposals, retained earnings and financial markets. The presentations covered Generali's business in Italy, France, Germany and Central and Eastern Europe and demonstrated progress in each market.
The document provides an agenda and introductory remarks from an investor day presentation by Generali. The agenda outlines presentations from the Group CEO, Group CMO, Group COO, and Group CFO. In his introductory remarks, the Group CEO discusses how Generali delivered on initial turnaround priorities one year early by addressing organizational issues, restoring its capital position, and embedding operational discipline. He then outlines how the company's financial performance has been revived in terms of profitability, capitalization, and dividends. The Group CEO indicates Generali has started developing a new strategy and 3-year business plan internally since the end of 2014.
- Generali Group reported strong financial results for 2014, exceeding targets for operating ROE and Solvency I ratio.
- Net income increased 21.6% excluding one-off items, driven by excellent operating performance in Life and P&C.
- The Solvency I ratio reached 156% at year-end and is pro-forma estimated at 164% following the agreed disposal of BSI.
- Based on results, Generali is proposing a 33% increase in dividend to €0.60 per share.
Generali Group Results at 31 December 2015Generali
The document summarizes the 2015 financial results of Generali Group. Key points include:
- Operating result increased 6.1% to €4.785 billion driven by improved property and casualty underwriting results.
- Operating return on equity was 14%, above the 13% target.
- Net profit increased 21.6% to €2.03 billion from both operating and non-operating performance.
- Solvency II ratio under the internal model was 202%, up from 186% in 2014 due to strong organic capital generation.
Generali: How We Cut Insurance Quote Preparation by 60%Bizagi
Generali CEE Holding comprises businesses in 14 countries and is among the most important insurance providers in Central and Eastern Europe. In this quick overview, Jan Marek & Martin Stepanek of Generali CEE Holding explain how the leap to electronic, automated systems enabled them to achieve impressive ROI including reduction in quote preparation by 60%. Learn why the principles of data-centricity, reuse and agility were key to a Group-wide initiative that has seen BPM delivered in 4 countries and 5 languages - all with a system that cost just 50% of competitor systems.
Leverage
partnerships
Ambition by 2018
~30bps reduction of average portfolio guarantee to 1.5%
+6p.p. capital-light reserves as % of total
Combined Ratio: further improve outperformance vs peers
+2-4% Non-motor GWP CAGR from 2016 to 2018
Enhance pricing sophistication, strengthen non-motor, leverage claims excellence
Single Group IoT Hub launched in 2 countries
Exclusive agreement with Discovery in Continental Europe on Digital Innovation
Joint R&D on Motor telematics with Progressive
Partnership on Digital Innovation with Anthropic
Industrial Liaison Program with MIT
Execution will make the difference
Generali Group reported its 2017 first half results. Key highlights included:
- Operating result increased 4.1% to €2.588 billion due to higher fees from Banca Generali and asset management and excellent P&C performance.
- Net result rose 3.7% to €1.221 billion mainly from improved operating performance.
- Solvency II ratio increased to 188% on a regulatory view and 207% on an internal model view, strengthened by capital generation and positive financial markets.
The document summarizes Generali Group's 1Q 2016 financial results. Key highlights include:
- Operating result decreased 12.3% to €1,163 million due to lower realized investment gains.
- Net result decreased 13.8% to €588 million, following the trend of the operating result.
- Shareholders' equity increased 5.8% to €24.9 billion due to higher unrealized gains and the quarter's result.
- Solvency II ratio (internal model view) was 188%, down from 202% at year-end 2015.
Generali held an Investor Day on November 19, 2014 in London to present on progress towards its 2015 targets. The company is ahead of schedule on key targets of increasing operating ROE to over 13% and Solvency I ratio above 160%. Cost savings and technical excellence initiatives are on track to deliver planned benefits. Generali has already achieved its capital targets through disposals, retained earnings and financial markets. The presentations covered Generali's business in Italy, France, Germany and Central and Eastern Europe and demonstrated progress in each market.
The document provides an agenda and introductory remarks from an investor day presentation by Generali. The agenda outlines presentations from the Group CEO, Group CMO, Group COO, and Group CFO. In his introductory remarks, the Group CEO discusses how Generali delivered on initial turnaround priorities one year early by addressing organizational issues, restoring its capital position, and embedding operational discipline. He then outlines how the company's financial performance has been revived in terms of profitability, capitalization, and dividends. The Group CEO indicates Generali has started developing a new strategy and 3-year business plan internally since the end of 2014.
- Generali Group reported strong financial results for 2014, exceeding targets for operating ROE and Solvency I ratio.
- Net income increased 21.6% excluding one-off items, driven by excellent operating performance in Life and P&C.
- The Solvency I ratio reached 156% at year-end and is pro-forma estimated at 164% following the agreed disposal of BSI.
- Based on results, Generali is proposing a 33% increase in dividend to €0.60 per share.
Generali Group Results at 31 December 2015Generali
The document summarizes the 2015 financial results of Generali Group. Key points include:
- Operating result increased 6.1% to €4.785 billion driven by improved property and casualty underwriting results.
- Operating return on equity was 14%, above the 13% target.
- Net profit increased 21.6% to €2.03 billion from both operating and non-operating performance.
- Solvency II ratio under the internal model was 202%, up from 186% in 2014 due to strong organic capital generation.
Generali: How We Cut Insurance Quote Preparation by 60%Bizagi
Generali CEE Holding comprises businesses in 14 countries and is among the most important insurance providers in Central and Eastern Europe. In this quick overview, Jan Marek & Martin Stepanek of Generali CEE Holding explain how the leap to electronic, automated systems enabled them to achieve impressive ROI including reduction in quote preparation by 60%. Learn why the principles of data-centricity, reuse and agility were key to a Group-wide initiative that has seen BPM delivered in 4 countries and 5 languages - all with a system that cost just 50% of competitor systems.
Leverage
partnerships
Ambition by 2018
~30bps reduction of average portfolio guarantee to 1.5%
+6p.p. capital-light reserves as % of total
Combined Ratio: further improve outperformance vs peers
+2-4% Non-motor GWP CAGR from 2016 to 2018
Enhance pricing sophistication, strengthen non-motor, leverage claims excellence
Single Group IoT Hub launched in 2 countries
Exclusive agreement with Discovery in Continental Europe on Digital Innovation
Joint R&D on Motor telematics with Progressive
Partnership on Digital Innovation with Anthropic
Industrial Liaison Program with MIT
Execution will make the difference
Generali Group reported its 2017 first half results. Key highlights included:
- Operating result increased 4.1% to €2.588 billion due to higher fees from Banca Generali and asset management and excellent P&C performance.
- Net result rose 3.7% to €1.221 billion mainly from improved operating performance.
- Solvency II ratio increased to 188% on a regulatory view and 207% on an internal model view, strengthened by capital generation and positive financial markets.
The document summarizes Generali Group's 1Q 2016 financial results. Key highlights include:
- Operating result decreased 12.3% to €1,163 million due to lower realized investment gains.
- Net result decreased 13.8% to €588 million, following the trend of the operating result.
- Shareholders' equity increased 5.8% to €24.9 billion due to higher unrealized gains and the quarter's result.
- Solvency II ratio (internal model view) was 188%, down from 202% at year-end 2015.
The document summarizes Generali Group's 2016 first half results. Key highlights include:
- Operating result decreased 10.5% to €2.487 billion mainly due to lower investment gains.
- Net result decreased 9.9% to €1.178 billion.
- Life operating result decreased 3.5% to €1.653 billion due to lower investment gains, partly offset by improving technical margins and expenses.
- P&C combined ratio improved slightly to 92.3% from 92.6%.
Asset Management Strategy for Generali in Europe - PresentationGenerali
Generali is implementing a new asset management strategy to accelerate growth and transformation. The strategy aims to:
1) Broaden investment capabilities and products, 2) Pursue a focused distribution strategy for insurance and individual clients, and 3) Create the largest European multi-boutique insurance asset management platform. The strategy expects to increase Generali Asset Management's net results from €84 million in 2016 to over €300 million in 2020 and increase assets under management from €446 billion to over €500 billion.
Generali Group reported its 2015 first half results. Operating result increased 11% to €2.8 billion driven by growth in both life and P&C businesses. Net result grew 22% to €1.3 billion due to improved operating performance and lower interest expenses. Shareholders' equity was stable at €23.3 billion. The economic solvency ratio improved 14 percentage points to 200% reflecting positive operating returns and economic variances. Life insurance saw a 13% increase in operating result to €1.7 billion from strong investment income and technical margins, while gross written premiums grew 11% and net inflows increased 38.5%.
- The Generall Group reported a net income of €1.7 billion for the first nine months of 2015, surpassing the full year 2014 result. The operating result continued to increase thanks to improved performance in both the Life and P&C businesses.
- The Life business saw an increase in operating result despite weaker market conditions, driven by higher technical margins and investment income. Strong net inflows were achieved especially in unit-linked products.
- For P&C, the combined ratio further improved to 92.7% despite higher natural catastrophe losses, leading to a 4.8% increase in the operating result.
The document outlines Generali's plans to transform into a 21st century retail leader focused on delighting customers. It discusses Generali's large existing customer base and plans to implement a Net Promoter Score program across its business to better understand customer needs. Generali aims to shift from a "vicious cycle" of high churn to a "virtuous cycle" of high customer retention, cross-selling, and increased profitability and cash generation. Initial actions taken through the NPS program include improving customer communications and information across various touchpoints.
Generali Group Results at 31 December 2016Generali
The document summarizes Generali Group's 2016 financial results. Key highlights include:
- Highest operating result ever at €4.83 billion, up 0.9% from 2015.
- Net result of €2.08 billion, up 2.5% year-over-year.
- 11% increase in proposed dividend to €0.80 per share.
- Solvency II ratio improved to 177% on a regulatory basis.
1) Ageas has successfully achieved the goals of its Vision 2015 plan, stabilizing the group financially, repositioning itself, and preparing for the future. It addressed legacy issues, introduced financial targets and strategic choices, and renamed and simplified its structure.
2) The insurance sector faces major challenges in a fast-changing world, including changing customer expectations and the rise of digital technologies.
3) Ageas' strategy going forward will focus on using digital technologies to enhance the customer experience, partnering to capture growth opportunities, and optimizing its portfolio.
Allianz is a leading insurer in Italy with a market share of around 11% in both P/C and L/H. In 2011, Allianz Italy generated total revenues of EUR 12.8 billion and operating profit of EUR 849 million, representing around 10% of Allianz Group's total operating profit. Allianz aims to transform its business model in Italy by adopting a more integrated and advice-driven approach focused on capital-light life insurance products.
2014 Annual General Meeting (AGM) PresentationAegon
Presentation for Aegon's 2014 AGM on 21 May 2014, including strategic review, update on progress towards financial targets and voting items. For full details of this Annual General Meeting of Shareholders and upcoming meetings visit http://www.aegon.com/agm
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
2016 Annual General Meeting of Shareholders Aegon N.V.Aegon
Shareholders are invited to attend the 2016 Annual General Meeting of Shareholders (AGM) of Aegon N.V. on Friday May 20, 2016 at 10.00 a.m. at Aegon's head office in The Hague, the Netherlands.
Aegon reports strong increase in net income in 1Q 2017. Highlights include: Underlying earnings up 6% driven by US expense reductions and higher fee income; continued strong sales and improved margins; solvency II ratio stable at 157%.
This document provides an overview of Ageas, an insurance company operating in Europe and Asia. It summarizes Ageas' history starting in 1824, its operations across multiple countries, and key financial information. It highlights milestones over recent years including growing business, solving legacy legal issues, achieving financial targets, and progressing plans to improve return on equity through actions to increase profits and optimize capital structure. The document presents Ageas as a company that has grown significantly while addressing challenges from the past to position itself for continued success in the future.
Aegon's fourth quarter results close a year in which we achieved record sales and accomplished many of our strategic objectives, although expectations for underlying earnings were not met in all of our businesses. For the full story visit http://www.aegon.com/results
Generali reported its first half 2017 results, with net profit increasing to €1.2 billion thanks to improved profitability in its Financial and Property & Casualty segments. Operating result was €2.6 billion, up 4.1% from the previous year. Generali also improved its capital position, with an economic solvency ratio of 207% and a best-in-class combined ratio of 92.9%, confirming an excellent capital level.
This quarter we reported a solid capital position and cash flows and continued sales growth in our fee-based deposit businesses. Underlying earnings were however impacted by changes to actuarial assumptions. Learn more at http://www.aegon.com/quarterlyresults
Investor Day 2015 - A smooth transition to Solvency IIAgeas
This document discusses Ageas's transition to Solvency II reporting. It provides an overview of key differences between Solvency I and Solvency II, including the move to a market consistent valuation approach and risk-based capital requirements under Solvency II. The document then summarizes Ageas's results under the Solvency II standard formula, including the group's Solvency II ratio of 177% for fiscal year 2014. Bridges are presented showing the adjustments made to translate IFRS equity into Solvency II own funds.
1) Ageas aims to improve the operating margin of guaranteed life products in major markets towards 85-90 basis points to increase profitability.
2) In Belgium, a focus on increasing investment income yield through shifting to more corporate bonds and loans can help offset lower yields in a low interest rate environment.
3) Gradually lowering interest rate guarantees on savings products in Belgium to match market rates allows the spread between guarantees and bond yields to widen, further boosting investment margins.
Klöckner & Co SE - HY 1 2014 Results - Analysts' and Investors' Conference Klöckner & Co SE
Charts accompanying the HY 1 2014 Results Analysts' and Investors' Conference on August 7, 2014
Press Release: http://www.kloeckner.com/en/media/press-releases-5057.php
The document provides an overview of Generali Group's 1Q 2013 results. Key highlights include:
- Total operating result increased 8.0% to €1.328 billion compared to 1Q 2012.
- Net income increased 6.3% to €603 million.
- Life operating result was €797 million, down slightly from 1Q 2012. New business value was €254 million.
- P&C operating result increased 26.6% to €520 million, with a net combined ratio improved 1.8 percentage points to 93.6%.
The document provides financial results for Generali Group for the first quarter of 2015. Key highlights include:
- Operating result increased 6% to €1.326 billion driven by an 8% increase in the Life business.
- Net result grew 10% like-for-like to €682 million.
- Shareholders' equity increased 12.5% to €26.098 billion due to unrealized gains and the net result.
- Solvency I ratio strengthened to 168% from 156% at the end of 2014.
The document summarizes Generali Group's 2016 first half results. Key highlights include:
- Operating result decreased 10.5% to €2.487 billion mainly due to lower investment gains.
- Net result decreased 9.9% to €1.178 billion.
- Life operating result decreased 3.5% to €1.653 billion due to lower investment gains, partly offset by improving technical margins and expenses.
- P&C combined ratio improved slightly to 92.3% from 92.6%.
Asset Management Strategy for Generali in Europe - PresentationGenerali
Generali is implementing a new asset management strategy to accelerate growth and transformation. The strategy aims to:
1) Broaden investment capabilities and products, 2) Pursue a focused distribution strategy for insurance and individual clients, and 3) Create the largest European multi-boutique insurance asset management platform. The strategy expects to increase Generali Asset Management's net results from €84 million in 2016 to over €300 million in 2020 and increase assets under management from €446 billion to over €500 billion.
Generali Group reported its 2015 first half results. Operating result increased 11% to €2.8 billion driven by growth in both life and P&C businesses. Net result grew 22% to €1.3 billion due to improved operating performance and lower interest expenses. Shareholders' equity was stable at €23.3 billion. The economic solvency ratio improved 14 percentage points to 200% reflecting positive operating returns and economic variances. Life insurance saw a 13% increase in operating result to €1.7 billion from strong investment income and technical margins, while gross written premiums grew 11% and net inflows increased 38.5%.
- The Generall Group reported a net income of €1.7 billion for the first nine months of 2015, surpassing the full year 2014 result. The operating result continued to increase thanks to improved performance in both the Life and P&C businesses.
- The Life business saw an increase in operating result despite weaker market conditions, driven by higher technical margins and investment income. Strong net inflows were achieved especially in unit-linked products.
- For P&C, the combined ratio further improved to 92.7% despite higher natural catastrophe losses, leading to a 4.8% increase in the operating result.
The document outlines Generali's plans to transform into a 21st century retail leader focused on delighting customers. It discusses Generali's large existing customer base and plans to implement a Net Promoter Score program across its business to better understand customer needs. Generali aims to shift from a "vicious cycle" of high churn to a "virtuous cycle" of high customer retention, cross-selling, and increased profitability and cash generation. Initial actions taken through the NPS program include improving customer communications and information across various touchpoints.
Generali Group Results at 31 December 2016Generali
The document summarizes Generali Group's 2016 financial results. Key highlights include:
- Highest operating result ever at €4.83 billion, up 0.9% from 2015.
- Net result of €2.08 billion, up 2.5% year-over-year.
- 11% increase in proposed dividend to €0.80 per share.
- Solvency II ratio improved to 177% on a regulatory basis.
1) Ageas has successfully achieved the goals of its Vision 2015 plan, stabilizing the group financially, repositioning itself, and preparing for the future. It addressed legacy issues, introduced financial targets and strategic choices, and renamed and simplified its structure.
2) The insurance sector faces major challenges in a fast-changing world, including changing customer expectations and the rise of digital technologies.
3) Ageas' strategy going forward will focus on using digital technologies to enhance the customer experience, partnering to capture growth opportunities, and optimizing its portfolio.
Allianz is a leading insurer in Italy with a market share of around 11% in both P/C and L/H. In 2011, Allianz Italy generated total revenues of EUR 12.8 billion and operating profit of EUR 849 million, representing around 10% of Allianz Group's total operating profit. Allianz aims to transform its business model in Italy by adopting a more integrated and advice-driven approach focused on capital-light life insurance products.
2014 Annual General Meeting (AGM) PresentationAegon
Presentation for Aegon's 2014 AGM on 21 May 2014, including strategic review, update on progress towards financial targets and voting items. For full details of this Annual General Meeting of Shareholders and upcoming meetings visit http://www.aegon.com/agm
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
2016 Annual General Meeting of Shareholders Aegon N.V.Aegon
Shareholders are invited to attend the 2016 Annual General Meeting of Shareholders (AGM) of Aegon N.V. on Friday May 20, 2016 at 10.00 a.m. at Aegon's head office in The Hague, the Netherlands.
Aegon reports strong increase in net income in 1Q 2017. Highlights include: Underlying earnings up 6% driven by US expense reductions and higher fee income; continued strong sales and improved margins; solvency II ratio stable at 157%.
This document provides an overview of Ageas, an insurance company operating in Europe and Asia. It summarizes Ageas' history starting in 1824, its operations across multiple countries, and key financial information. It highlights milestones over recent years including growing business, solving legacy legal issues, achieving financial targets, and progressing plans to improve return on equity through actions to increase profits and optimize capital structure. The document presents Ageas as a company that has grown significantly while addressing challenges from the past to position itself for continued success in the future.
Aegon's fourth quarter results close a year in which we achieved record sales and accomplished many of our strategic objectives, although expectations for underlying earnings were not met in all of our businesses. For the full story visit http://www.aegon.com/results
Generali reported its first half 2017 results, with net profit increasing to €1.2 billion thanks to improved profitability in its Financial and Property & Casualty segments. Operating result was €2.6 billion, up 4.1% from the previous year. Generali also improved its capital position, with an economic solvency ratio of 207% and a best-in-class combined ratio of 92.9%, confirming an excellent capital level.
This quarter we reported a solid capital position and cash flows and continued sales growth in our fee-based deposit businesses. Underlying earnings were however impacted by changes to actuarial assumptions. Learn more at http://www.aegon.com/quarterlyresults
Investor Day 2015 - A smooth transition to Solvency IIAgeas
This document discusses Ageas's transition to Solvency II reporting. It provides an overview of key differences between Solvency I and Solvency II, including the move to a market consistent valuation approach and risk-based capital requirements under Solvency II. The document then summarizes Ageas's results under the Solvency II standard formula, including the group's Solvency II ratio of 177% for fiscal year 2014. Bridges are presented showing the adjustments made to translate IFRS equity into Solvency II own funds.
1) Ageas aims to improve the operating margin of guaranteed life products in major markets towards 85-90 basis points to increase profitability.
2) In Belgium, a focus on increasing investment income yield through shifting to more corporate bonds and loans can help offset lower yields in a low interest rate environment.
3) Gradually lowering interest rate guarantees on savings products in Belgium to match market rates allows the spread between guarantees and bond yields to widen, further boosting investment margins.
Klöckner & Co SE - HY 1 2014 Results - Analysts' and Investors' Conference Klöckner & Co SE
Charts accompanying the HY 1 2014 Results Analysts' and Investors' Conference on August 7, 2014
Press Release: http://www.kloeckner.com/en/media/press-releases-5057.php
The document provides an overview of Generali Group's 1Q 2013 results. Key highlights include:
- Total operating result increased 8.0% to €1.328 billion compared to 1Q 2012.
- Net income increased 6.3% to €603 million.
- Life operating result was €797 million, down slightly from 1Q 2012. New business value was €254 million.
- P&C operating result increased 26.6% to €520 million, with a net combined ratio improved 1.8 percentage points to 93.6%.
The document provides financial results for Generali Group for the first quarter of 2015. Key highlights include:
- Operating result increased 6% to €1.326 billion driven by an 8% increase in the Life business.
- Net result grew 10% like-for-like to €682 million.
- Shareholders' equity increased 12.5% to €26.098 billion due to unrealized gains and the net result.
- Solvency I ratio strengthened to 168% from 156% at the end of 2014.
The document is an earnings presentation from Generali Group for 9M 2014 results. Some key highlights include:
- Operating result increased 12.8% to €3.677 billion driven by strong performances across life, P&C, and other business segments.
- Net income was stable at €1.588 billion reflecting gains in the prior year from discontinued operations.
- Solvency I ratio improved significantly to 160% from 141% due to successful bond placement and financial market performance.
The document summarizes Generali Group's 2012 financial results. Key points include:
- Operating result increased 10.5% to €4.2 billion, while operating RoE rose to 11.9%.
- Life business premiums grew 3.1% to €46.8 billion despite challenging markets. Operating result increased 9.7% to €2.7 billion through improved technical margins and investment returns.
- Impairment charges of €1.4 billion were taken in Q4 2012 to align impairment criteria with European peers, reducing net income 89.5% to €90 million.
- A new management team and remuneration structure was put in place to focus on the
Generali Group presented results for the first 9 months of 2013. Operating result increased 6.2% to €3.36 billion due to strong performances in P&C and financial services segments. Net result grew 40.4% to €1.59 billion. Life operating result declined 2% due to low interest rates while P&C operating result rose 20.3% with an improved combined ratio of 95.1%. Shareholders' equity increased 1.1% to €19.22 billion and the solvency ratio was 152% at the end of October.
Generali Group reported its 2014 first half results. The key highlights included:
- Operating profit increased 9.5% to €2.5 billion driven by strong performances across business segments.
- Net income was stable at €1.075 billion despite some one-off effects from discontinued operations.
- Solvency I ratio improved significantly to 162% due to successful debt placements and financial market performance.
- Life insurance saw increases in new business, net inflows, APE and operating result due to lower expenses and improved investment returns. P&C insurance also performed well with a lower combined ratio.
- The group has made great progress towards its cost savings and capital management goals under its
Generali Group reported its results for the first half of 2013. Key highlights included:
- Net profit increased 28.4% to €1.08 billion compared to the first half of 2012.
- Total operating result grew 5.3% to €2.38 billion.
- Over 50% of the €4 billion disposal target has been reached through sales of US Life Re, Mexico business, and a stake in Banca Generali.
- Gross written premiums increased 1.7% on a like-for-like basis to €34.84 billion, with growth in life and P&C premiums.
Reshaping Generali: Discipline, simplicity and focus Generali
Mario Greco, the Group Chief Executive Officer of Generali, outlined his strategy to reshape Generali at the Morgan Stanley European Financials Conference in March 2013. He identified priorities such as enhancing management and governance, removing uncertainty around GPH, refocusing on the core business, strengthening capital and balance sheet, and tighter cost control. Greco discussed early actions taken, including appointing a new international management team, renegotiating the GPH deal, restructuring Italian operations, and a group-wide expense program. The overall goal is to significantly improve Generali's shareholder returns by 2015.
Generali Group reported its 1Q 2014 results. Operating result was stable at €1.296 billion compared to 1Q 2013. Net result increased 9.4% to €660 million mainly due to improved non-operating investment results. Shareholders' equity rose 9.9% to €21.741 billion and Solvency I ratio increased 11 percentage points to 152% due to net income and financial market developments. Life insurance operating result was stable at €779 million despite a challenging low yield environment. P&C insurance operating result increased 3.7% to €516 million from higher technical and investment results.
Ageas, a Belgian insurance company, held an investor day on November 16, 2013 to review its financial targets and performance. The presentation focused on:
- Achieving an 11% return on equity (ROE) target through improving profitability, changing its business mix, and increasing profits from emerging markets.
- Strong results in the first nine months of 2013, with insurance net profit up 11% and a non-life combined ratio of 97.6%.
- Maintaining a balanced approach to using its net cash position of €2 billion, prioritizing reinvesting in the business and returning cash to shareholders.
130725 - Presentation of the half-year results 2013 icade – vuk ICADE
This document provides an overview of Icade's half-year results for 2013. It includes the following key points in 3 sentences:
Icade acquired 88% of Silic on July 22nd and reopened its offer for Silic until August 2nd. Icade's financial figures only relate to its standalone business and do not include Silic, which will publish its own H1 2013 results on July 26th. The presentation outlines Icade's financial results for H1 2013, opportunities from the Silic acquisition, and strengths of Icade's business model including portfolio optimization and matching assets to market demand.
The consolidated net result of AvH amounts to 293.9 million euros for 2013. This includes a remeasurement income of 109.4 million euros from taking full control over DEME in December 2013. Excluding this, the net profit is 184.5 million euros, a 10% increase over 2012. DEME had a particularly strong year with turnover topping 2.5 billion euros for the first time and a higher net profit of 109.1 million euros. As of December 2013, AvH exercises exclusive control over CFE and its subsidiaries like DEME through a 60.4% stake acquisition.
The document summarizes Eurazeo's first half 2013 results. Key points include:
- Good financial results driven by strong disposals totaling €853 million. Net asset value per share increased 9% from December 2012.
- Portfolio companies showed stable performance overall, though contribution from equity accounted companies declined due to seasonal factors.
- Capital gains were high at €580 million primarily from disposals, while non-recurring expenses were also substantial.
- The company strengthened its financial position with net cash of €794 million and continued progress transforming portfolio companies.
1) The document reports on Eurazeo's FY 2012 results, which showed strong NAV growth, increased contribution from Group companies, and continued portfolio rotation.
2) Key metrics included a 16% increase in NAV per share and a 73% rise in contribution from companies to €238 million.
3) Eurazeo continues pursuing a strategy of detecting growth potential in companies, helping accelerate change, and creating value for shareholders. Recent investments like Moncler and Eurazeo PME demonstrate this approach.
1) Eurazeo reported strong results for FY 2012, with continued increase in contribution from Group companies and 16% growth in NAV per share.
2) Key events included the sale of part of ANF Immobilier's portfolio, Europcar's refinancing, and impairments related to certain companies.
3) The company aims to further accelerate change at its portfolio companies by proactively sourcing new investment opportunities with growth potential in Europe and internationally.
The document summarizes Eurazeo's first half 2013 results. Key points include:
- Good financial results driven by strong disposals totaling €853 million including Rexel shares.
- Net asset value per share increased 9% to €59.0 due to value creation efforts.
- Consolidated net income was €362 million including €580 million in capital gains from disposals.
- The company strengthened its financial position with net cash of €794 million and further debt reductions.
The document provides a company profile of Legal & General Group Plc (L&G), a UK-based life insurer and asset manager. It summarizes L&G's business segments, distribution channels, organizational structure, financial highlights, and management. The largest business segments are LGIM (investment management), LGAS (savings and protection), and LGR (annuities). L&G distributes products through independent financial advisers, employee benefit consultants, and bancassurance partnerships. It has over 6 million customers and £433 billion in assets under management as of June 2013.
Bart De Smet, CEO of Ageas, presented at the Merrill Lynch 18th Annual Banking & Insurance CEO Conference on September 26, 2013. He discussed Ageas's progress towards its Vision 2015 targets, with a focus on improving return on equity. Ageas has several levers to improve both the numerator and denominator of ROE, including increasing profits, improving business mix, and active capital management. Ageas will prioritize reinvesting cash in business opportunities and returning cash to shareholders, such as through dividends and share buybacks, while maintaining a disciplined approach to mergers and acquisitions.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
The document is the annual financial statements of DeA Capital S.p.A. for the year ending 31 December 2012. It includes information on the company profile, key financial figures, significant events during the year, results of subsidiaries, and a proposed resolution to approve the financial statements. DeA Capital S.p.A. operates in private equity investment and alternative asset management, with an investment portfolio of €873.1 million and assets under management of over €10.6 billion at year-end 2012.
- DeA Capital S.p.A. reported consolidated shareholders' equity of EUR 744.2 million and a net asset value per share of EUR 2.72 as of March 31, 2013.
- The company's investment portfolio totaled EUR 905.7 million, including private equity investments of EUR 484.1 million and funds of EUR 189.9 million.
- Key subsidiaries include IDeA Capital Funds SGR and IDeA FIMIT SGR, which manage private equity and real estate funds respectively.
This document provides the annual financial statements for DeA Capital S.p.A. for the year ending December 31, 2012. It includes information on the company's profile, shareholder structure, key financial figures, investments, and subsidiaries. As of December 31, 2012, the DeA Capital Group had total shareholders' equity of EUR 723.1 million and an investment portfolio valued at EUR 873.1 million, including private equity investments, funds, and assets relating to its Alternative Asset Management business.
This document provides the annual financial statements for DeA Capital S.p.A. for the year ending December 31, 2012. It includes information on the company's profile, shareholder structure, key financial figures, investments, and subsidiaries. As of December 31, 2012, the DeA Capital Group had total shareholders' equity of EUR 723.1 million and an investment portfolio valued at EUR 873.1 million, including private equity investments, funds, and assets relating to its Alternative Asset Management business.
Deutsche Börse Group generated solid financial performance in 2012 despite challenging market conditions. Net revenue was €1.932 billion, down 9% from 2011. EBIT was €1.006 billion, down 19%. The company proposed a regular dividend of €2.10 per share. Priorities for 2013 include effective cost management, expanding products and services, and increasing customer reach through partnerships and acquisitions.
This document discusses the history and strategy of Tamburi Investment Partners (TIP), an Italian investment holding company. It was founded in 2001 to provide equity investment for mid-size Italian companies through minority stakes, without leverage or management fees. TIP incorporated as a holding company rather than a fund and listed on the Italian stock exchange in 2005. Over the past ten years, TIP has invested over 1.1 billion euro in companies and currently oversees more than 800 million euro in participations and securities. TIP focuses on excellent growing companies in technology, luxury, and aging populations and aims to outperform market indices with its long term strategic approach and emphasis on investee companies over short term returns.
The document discusses Deutsche EuroShop's restructuring in response to a tax court ruling, their acquisition of the Herold-Center shopping center, and their financial results for 2012 which met forecasts. It also covers their plans to increase the dividend to €1.20 per share and forecasts a small dip in revenue and EBIT for 2013 due to one-time fees incurred from refinancing and restructuring activities in 2012.
Generali reported its annual results for 2016, with net profit of €2.1 billion, up 2.5% from the previous year and representing the company's best performance ever. The company's net operating result was €4.8 billion, a 0.9% increase, and it proposed an 11.1% higher dividend per share of €0.8. Generali also maintained a strong capital position with an economic solvency ratio of 194%.
Generali reported its nine month results as of September 30, 2016. Net profit was in line with the company's strategy of preserving future profitability and improved further in the third quarter, with an improved operating result and net profit. Gross written premiums increased to €52.1 billion while the combined ratio improved to 92.4%. Generali also maintained a solid capital position with an economic solvency ratio of 188%.
Generali's first half 2016 results showed a net profit of €1.2 billion despite weak financial markets impacting life insurance premiums. Gross written premiums were €37 billion and operating return on equity was 12.9%, while the economic solvency ratio remained strong at 188%.
The document reports Generali Group's 1Q 2015 results, showing increases in net equity, total operating result, net income, premiums, and solvency ratio compared to the same period last year. Operating profit rose in life but was impacted in property and casualty by higher catastrophe claims. Net income increased over 10% from continuing operations due to business initiatives and strong distribution channels.
The company reported strong financial results for fiscal year 2015 with total operating result increasing 15.2% to €4.5 billion driven by excellent performances in both its Property & Casualty and Life business segments. Net income rose 17% to €1.7 billion despite €0.4 billion in extraordinary one-time charges. Premiums were up 7.7% to €70.4 billion due to new product launches and business initiatives while the solvency ratio was maintained at a healthy 164%. The company also increased its dividend per share by 33% and saw net equity rise 15% to €23.2 billion.
Generali Group reported positive financial results for the first 9 months of 2014. Net income increased 7.5% to €1.6 billion compared to the end of 2013. Total operating results were up 6.4% to €51.3 billion, with premiums increasing to €22.5 billion, up 14%. The solvency ratio achieved 160% as of September 30, 2014, an increase of 19 percentage points. Results were improved across all business segments, with the property and casualty segment seeing a 12.8% increase in net income, life increasing 11.8%, and total increasing 11%.
The Image - The Generali Group and the Art of Advertising - IGenerali
This document discusses the early history of Generali Group and how it established its image and credibility in the absence of modern marketing and advertising strategies. In the 1800s, Generali relied on the quality of its business, solid capital and reputable managers. It chose prestigious headquarters in Trieste and Venice that symbolized its reliability. The Hapsburg eagle and winged lion of Saint Mark became identifying symbols. In the late 1800s, growing competition drove companies to promote visibility through world's fairs and posters. While late to adopt color posters compared to France, Generali and other major insurers promoted themselves through posters designed by famous artists.
The Image - The Generali Group and the Art of Advertising - IIGenerali
Generali and other companies it would later acquire, such as Toro, Alleanza, and INA, began producing posters and other advertising materials in the late 1800s and early 1900s to promote their businesses. These early advertisements featured illustrations in styles popular at the time like Art Nouveau. Notable artists such as Plinio Codognato designed posters for these companies that helped increase their visibility. INA in particular produced many posters after its founding in 1912, some of which featured their iconic symbol of a sower designed by Andrea Petroni.
The Image - The Generali Group and the Art of Advertising - IIIGenerali
This document provides reference information for a book about the Generali Group and the art of advertising. It includes indexes of Group companies that commissioned posters, a list of artists featured in the book and pages where their works appear, descriptions and credits for all images published, a selected bibliography, and acknowledgments. The Group Companies index lists insurance companies that were part of the Generali Group. The Artists index lists creators of works in the book along with page numbers. The Works index describes and provides credits for all images.
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
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Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
Unlock the full potential of your web projects with our expert PHP development solutions. From robust backend systems to dynamic front-end interfaces, we deliver scalable, secure, and high-performance applications tailored to your needs. Trust our skilled team to transform your ideas into reality with custom PHP programming, ensuring seamless functionality and a superior user experience.
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The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
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Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
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The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.