Assicurazioni Generali S.p.a. · MIL:G

Assicurazioni Generali — Generali Group — Bank of America Merrill Lynch Conference 2016

16 slides from Assicurazioni Generali's conference presentation, September 2016

  1. Slide 1: Generali Group - Bank of America Merrill Lynch Conference, September 2016

    GENERALI GROUP Bank of America Merrill Lynch Conference, September 2016

  2. Slide 2: The Group restored a solid foundation in recent years, with great success

    2 The Group restored a solid foundation in recent years, with great success Governance   Group Management Committee established  “One group” modus operandi  Focused on core insurance business Capital   Resilient and strong capital position rebuilt Profitability   Significant improvement in O

  3. Slide 3: In the current environment, we need to move faster

    3 In the current environment, we need to move faster 1 2 Improve operating Long term value performance creation © Generali September 2016 Public

  4. Slide 4: Improve operating performance

    4 Improve operating performance Turnaround the  Simplify, rationalize, digitalize, automate processes operating  Committed to invest in modernisation and transformation machine  More aggressive on cost savings  Focus resources where we can have: Improve our - Relevant size footprint - Good profi

  5. Slide 5: Long term value creation

    5 Long term value creation  Diversification of our profit sources, through exploitation Rebalance of profitable opportunities in P&C, Health, Unit Linked, portfolio Protection; Increase fee based revenues structure  Active management of insurance liabilities  Distinctive and innovative products I

  6. Slide 6: Execution will differentiate us faster

    6 We have the right team to deliver: Simpler, Smarter and Faster  Obsessive attention to efficiency Execution will  Higher vigilance on performance differentiate us  Increased effectiveness of reporting lines We must execute faster  Empowered CEOs © Generali September 2016 Public

  7. Slide 7: Summary of 1H 16 performance

    7 Summary of 1H 16 performance © Generali September 2016 Public

  8. Slide 8: 1H 2016 Results

    8 1H 2016 Results Below the exceptionally high level of last year, but ahead of market expectations % change Actual vs. Euro m 1H 15 1H 16 YoY Consensus Consensus Operating Profit 2,779 2,487 -11% 2,304 +8% - Of which, Life 1,713 1,653 -4% 1,487 +11% - Of which, P&C 1,103 1,042 -6% 959 +9% Net Profi

  9. Slide 9: Strong inflows in Life, with positive mix

    9 Strong inflows in Life, with positive mix Life net inflows, 1H 2016 (Euro m)  Strongly positive net inflows across countries; Italy 3,9 Especially strong in Italy  High quality mix of business, despite difficult equity Germany 1,5 market Asia 0,9  Further reduction on guaranteed new business in

  10. Slide 10: Best in class P&C underwriting performance

    10 Best in class P&C underwriting performance 1H 2016 P&C premiums & combined ratio 3,0 110,0% 103,9%  Excellent overall 2,5 100,1% 101,5% 105,0% combined ratio at 92.3% 94,7% 100,0% 2,0 91,4% 90,8% 95,0% 88,6%  Strong performances from 1,5 84,7% 90,0% most of our main markets 1,0 85,0% 80,0%  Un

  11. Slide 11: Solvency II: Internal Model View

    11 Solvency II: Internal Model View Resilient development in a volatile market, with strong organic capital generation Excess Own Solvency II Funds1 ratio (Euro bn) (%) FY 2015 20.9 202% Perimeter & FX 0.0 +0%pts. Normalised capital 1.5 +8%pts. generation Variances and other -22%pts. (3.9) movements

  12. Slide 12: Final remarks

    12 Final remarks  Our strategy will be accelerated: execution will make the difference  Full update and delivery proof points at upcoming Investor Day  Our results and technical performance are solid: on track to deliver our promises © Generali September 2016 Public

  13. Slide 13: Disclaimer

    13 Disclaimer Certain of the statements contained herein are statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. The user of such information should r

  14. Slide 14: Next Events

    14 Next Events 10 November 2016 23 November 2016 9M 2016 results Investor Day reporting 2016 © Generali September 2016 Public

  15. Slide 15: Investor Relations Team

    15 Investor Relations Team Spencer Horgan Head of Investor & Rating Agency Relations Spencer.Horgan@Generali.com +44 20 7265 6480 Stefano Burrino Rodolfo Svara Investor Relations Investor Relations Assicurazioni Generali Stefano.Burrino@Generali.com Rodolfo.Svara@Generali.com P.za Duca degli Abruzzi

  16. Slide 16: Thank you

    A. GENERALI Thank you

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