Pioneering Global Insurance with Italian Heritage
“Our ambition is to be the Lifetime Partner to our customers, offering innovative and personalized solutions.”
— Philippe Donnet, CEO of Generali Group
Founded in 1831 in Trieste, Assicurazioni Generali S.p.A., commonly known as the Generali Group, stands as a testament to enduring excellence in the insurance and asset management sectors. With a presence in over 50 countries and serving 71 million customers, Generali has solidified its position as Italy’s largest insurance company and one of the world’s foremost insurers by net premiums and assets.
A Legacy of Innovation and Growth
Generali’s journey from a regional insurer to a global powerhouse is marked by strategic expansion and unwavering commitment to customer-centric solutions. The company’s operations are anchored in three core pillars: Life Insurance, Property & Casualty Insurance, and Asset Management.
In 2024, Generali reported impressive financial metrics:
- Gross Written Premiums: €95.2 billion, a 14.9% increase from the previous year.
- Operating Income: €7.3 billion, reflecting an 8.2% growth.
- Net Income: €3.7 billion.
- Assets Under Management (AUM): €863 billion.
These figures underscore Generali’s robust financial health and its strategic focus on sustainable growth.
Strategic Vision: Lifetime Partner 27
Under the leadership of CEO Philippe Donnet, Generali has embarked on the “Lifetime Partner 27: Driving Excellence” strategic plan. This initiative aims to enhance customer experience through digital innovation, personalized solutions, and a commitment to sustainability. The plan also emphasizes strong earnings growth, solid cash generation, and increased shareholder remuneration.
Global Footprint and Organizational Structure
Generali’s expansive operations are organized into five distinct Business Units:
- Italy
- Germany, Austria, and Switzerland
- France & Global Business Activities
- International
- Asset & Wealth Management
This structure enables Generali to tailor its services to regional markets while maintaining a cohesive global strategy.
Commitment to Sustainability and Social Responsibility
Generali’s dedication to societal impact is epitomized by The Human Safety Net, a foundation established in 2017. Operating from the historic Procuratie Vecchie in Venice, the foundation collaborates with NGOs and social enterprises to support vulnerable families and refugees, fostering opportunities for growth and integration.
Cultural and Sporting Engagements
Beyond its corporate endeavors, Generali actively participates in cultural and sporting events, reflecting its commitment to community engagement. Notable sponsorships include the Barcolana sailing regatta in Trieste, the Generali Berlin Half Marathon, and the Generali München Marathon. In France, Generali has been instrumental in restoring Italian art and culture since 1995.
Leadership and Governance
Generali’s leadership comprises esteemed professionals steering the company towards continued success:
- Chairman: Andrea Sironi
- CEO: Philippe Donnet
The company’s shareholder structure is diverse, with significant holdings by institutional investors, Mediobanca S.p.A., Del Vecchio Group, Caltagirone S.p.A., UniCredit, and the Benetton Group
