Assicurazioni Generali S.p.a. · MIL:G

Assicurazioni Generali — Bank of America Merrill Lynch Conference 2017

13 slides from Assicurazioni Generali's conference presentation, September 2017

  1. Slide 1: Generali Group

    GENERALI GROUP Bank of America Merrill Lynch Conference, September 2017

  2. Slide 2: Takeaways

    2 Takeaways Generali delivering strong results and growth Strategy being executed with discipline and pace Well positioned to deliver on stated financial targets © Generali Public

  3. Slide 3: Generali: A unique insurance Group consistently delivering excellence

    3 Generali: A unique insurance Group consistently delivering excellence SELECTED RECENT ACHIEVEMENTS AN INTERNATIONAL GROUP  Improving our global footprint with discipline DEEPLY ROOTED IN EUROPE  1st Global Agent Excellence Event STRONG PROPRIETARY DISTRIBUTION NETWORK  Digital Agent platform be

  4. Slide 4: Positive results momentum

    4 Positive results momentum  Profitability improved  Solvency strengthened OPERATING RESULT OPERATING ROE (Euro m) (%) 12.9 13.6 2,588 2,487 +0.8p.p. +4.1% 1H 2016 1H 2017 1H 2016 1H 2017 NET RESULT SOLVENCY II RATIO (Euro m) (%) +10p.p. +13p.p. 1,221 207 FY 2016 1,178 188 194 178 1H 2017 +3.7% 1H

  5. Slide 5: Excellent technical performance remains a cornerstone

    5 Excellent technical performance remains a cornerstone  Excellence in P&C: Combined ratio of 92.9%, remains best of peers  Life new business margin increases strongly, now best of peers  Life guarantees continue to fall, despite higher rates P&C COMBINED RATIO LIFE NEW BUSINESS MARGIN AVERAGE GU

  6. Slide 6: Strategy execution with discipline and pace

    6 Strategy execution with discipline and pace OUR IMPROVE OPERATING LONG TERM VALUE STRATEGY PERFORMANCE CREATION OUR Optimise international Rationalise the Enhance technical Rebalance our Customer & distributor Strengthen INITIATIVES footprint operating machine capabilities portfolio innovation the

  7. Slide 7: Accelerating implementation in Germany

    7 Accelerating implementation in Germany Rationalize the operating machine “One Company”, activating all levers to simplify, optimise and create value. DM Rebalance Strengthen the brand, Customer the portfolio and Distributor Innovation Generali Leben: Close to new New Distribution Strategy, integra

  8. Slide 8: Life business mix rapidly shifting

    8 Life business mix rapidly shifting  Strong steering of business towards  Reserve mix continuing to improve – on unit linked and protection track for 2018 target: €23bn capital light reserves added net in past 18 months NET INFLOW MIX CAPITAL LIGHT RESERVES (% of total) (% of total) Protection 25

  9. Slide 9: Generali: Well positioned to deliver on stated financial targets

    9 Generali: Well positioned to deliver on stated financial targets > € 7 bn (2015-2018) cumulative Net Operating Cash ON TRACK > € 5 bn (2015-2018) cumulative dividends ON TRACK average Operating RoE > 13% (2015-2018) ON TRACK © Generali Public

  10. Slide 10: Disclaimer

    10 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

  11. Slide 11: Team

    11 Team Spencer Horgan Head of Investor & Rating Agency Relations Spencer.Horgan@Generali.com +44 20 7265 6480 Stefano Burrino Martina Vono Investor Relations Investor Relations Associate Assicurazioni Generali Stefano.Burrino@Generali.com Martina.Vono@Generali.com P.za Duca degli Abruzzi 2 +39 040

  12. Slide 12: Thank you.

    as. GENERALI Thank you.

  13. Slide 13: Generali Group

    GENERALI GROUP Bank of America Merrill Lynch Conference, September 2017

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