Assicurazioni Generali Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Philippe Donnet

Chief executive officer

€5.5m

Total compensation

CEO salary percentage	34.7%
CEO tenure	8.1yrs
CEO ownership	n/a
Management average tenure	8.8yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Philippe Donnet's remuneration changed compared to Assicurazioni Generali's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€4b
Sep 30 2023	n/a	n/a	€4b
Jun 30 2023	n/a	n/a	€4b
Mar 31 2023	n/a	n/a	€4b
Dec 31 2022	€6m	€2m	€2b
Sep 30 2022	n/a	n/a	€2b
Jun 30 2022	n/a	n/a	€2b
Mar 31 2022	n/a	n/a	€3b
Dec 31 2021	€5m	€2m	€3b
Sep 30 2021	n/a	n/a	€3b
Jun 30 2021	n/a	n/a	€3b
Mar 31 2021	n/a	n/a	€2b
Dec 31 2020	€3m	€1m	€2b
Sep 30 2020	n/a	n/a	€2b
Jun 30 2020	n/a	n/a	€2b
Mar 31 2020	n/a	n/a	€2b
Dec 31 2019	€5m	€2m	€2b
Sep 30 2019	n/a	n/a	€2b
Jun 30 2019	n/a	n/a	€2b
Mar 31 2019	n/a	n/a	€2b
Dec 31 2018	€4m	€1m	€2b
Sep 30 2018	n/a	n/a	€2b
Jun 30 2018	n/a	n/a	€2b
Mar 31 2018	n/a	n/a	€2b
Dec 31 2017	€4m	€1m	€2b

Compensation vs Market: Philippe's total compensation ($USD5.89M) is about average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Philippe's compensation has increased by more than 20% in the past year.

CEO

Philippe Donnet (63 yo)

8.1yrs

Tenure

€5,509,793

Compensation

Mr. Philippe Roger Donnet has been the Chief Executive Officer of Assicurazioni Generali S.p.A. since March 17, 2016 and has been its Managing Director since April 12, 2016. Mr. Donnet served as the Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Philippe Donnet	MD, Group CEO & Director	8.1yrs	€5.51m	no data
Cristiano Borean	Group Chief Financial Officer	5.6yrs	no data	no data
David Cis	Group COO	1.6yrs	no data	no data
Francesco Martorana	Group Chief Investment Officer	3.1yrs	no data	no data
Fabio Cleva	Head of Investor & Rating Agency Relations	no data	no data	no data
Antonio Cangeri	Group General Counsel	12.3yrs	no data	no data
Maurizio Basso	Group Compliance & Anti Money Laundering Officer and Group FATCA Responsible Officer	11.1yrs	no data	no data
Simone Bemporad	Group Chief Communications & Public Affairs Officer and Group Spokesperson	10.3yrs	no data	no data
Isabelle Conner	Group Chief Marketing & Customer Officer	9.9yrs	no data	no data
Monica Possa	Group Chief HR & Organization Officer	6.5yrs	no data	no data
Franco Urlini	Group Chief P&C and Reinsurance Officer	no data	no data	no data
Sergio Di Caro	Global Head of Employee Benefits	9.6yrs	no data	no data

8.8yrs

Average Tenure

59yo

Average Age

Experienced Management: ASG's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Philippe Donnet	MD, Group CEO & Director	8.1yrs	€5.51m	no data
Lorenzo Pellicioli	Non-Executive Director	17yrs	€301.15k	no data
Clara Frances Furse	Independent Non-Executive Director	2yrs	€171.23k	no data
Antonella Mei-Pochtler	Independent Director	4.9yrs	€286.11k	no data
Diva Moriani	Non-Executive Independent Director	8yrs	€345.64k	no data
Flavio Cattaneo	Independent Director	2yrs	€148.66k	no data
Clemente Rebecchini	Director	11.9yrs	€337.34k	no data
Andrea Sironi	Independent Chairman	2.2yrs	€574.38k	no data
Marina Brogi	Independent Non-Executive Director	2yrs	€181.32k	no data
Luisa Torchia	Independent Director	2.2yrs	€248.63k	no data
Alessia Falsarone	Independent Director	2.2yrs	€237.26k	no data
Umberto Malesci	Independent Non-Executive Director	2yrs	€192.55k	no data

2.2yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ASG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Assicurazioni Generali Management

Management criteria checks 2/4

Key information

Recent management updates

Assicurazioni Generali S.p.A., Annual General Meeting, Apr 28, 2023

Assicurazioni Generali Appoints Stefano Marsaglia as Independent Director

Assicurazioni Generali S.p.A Elects Dame Clara Furse DBE as a Non-Executive Director

Deputy Vice-Chairman recently bought €22m worth of stock

Deputy Vice-Chairman recently bought €15m worth of stock

Deputy Vice-Chairman recently bought €44m worth of stock

Recent updates

New minor risk - Shareholder dilution

Assicurazioni Generali S.p.A. (BIT:G) completed the acquisition of Conning Holdings Ltd. from Cathay Life Insurance Co.,Ltd.

Dividend increased to €1.28

Full year 2023 earnings released

Assicurazioni Generali S.p.A. (BIT:G) completed the acquisition of Liberty Seguros, Compania de Seguros y Reaseguros, S.A. from Liberty Mutual Insurance Europe Societas Europaea.

Assicurazioni Generali S.p.A. (BIT:G) completed the acquisition of Liberty Seguros, Compania de Seguros y Reaseguros, S.A. from Liberty Mutual Insurance Europe Societas Europaea.

Assicurazioni Generali S.p.A. (BIT:G) signed an agreement to acquire 51% stake in Generali China Insurance Company Ltd. from CNPC Capital Company Limited (SZSE:000617) for approximately CNY 770 million.

Assicurazioni Generali S.p.A. to Report Fiscal Year 2023 Results on Apr 24, 2024

Assicurazioni Generali S.p.A. to Report Q1, 2024 Results on May 21, 2024

Allianz S.p.A. agreed to acquire TUA Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. (BIT:G) for €280 million.

Allianz S.p.A. agreed to acquire TUA Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. (BIT:G) for €280 million.

New major risk - Financial position

First half 2023 earnings released: EPS: €1.44 (vs €0.61 in 1H 2022)

Assicurazioni Generali S.p.A. (BIT:G) agreed to acquire Conning Holdings Ltd. from Cathay Life Insurance Co.,Ltd.

Generali $22 Billion Portfolio Sale to Private Equity Reportedly Complicated by Rate Surge

Assicurazioni Generali S.p.A. (BIT:G) signed a definitive agreement to acquire Liberty Seguros, Compania de Seguros y Reaseguros, S.A. from Liberty Mutual Insurance Europe Societas Europaea for €2.3 billion.

Assicurazioni Generali S.p.A. (BIT:G) signed an agreement to acquire Liberty Seguros from Liberty International.

Upcoming dividend of €1.16 per share at 6.2% yield

Full year 2022 earnings released: EPS: €1.85 (vs €1.81 in FY 2021)

Assicurazioni Generali S.p.A., Annual General Meeting, Apr 28, 2023

Generali Reportedly Plans Sale of €20 Billion Italian Life Portfolio

Oman Insurance Company P.S.C. (DFM:OIC) acquired UAE Life insurance portfolio from Assicurazioni Generali S.p.A.

Assicurazioni Generali S.p.A. to Report Nine Months, 2023 Results on Nov 17, 2023

Assicurazioni Generali S.p.A. (BIT:G) entered into agreement to acquire Pension business of MetLife from NN Group N.V. (ENXTAM:NN).

Assicurazioni Generali S.p.A. (BIT:G) completed the acquisition of 53% stake in AXA Affin General Insurance Berhad from AXA Asia SAS and AFFIN Bank Berhad (KLSE:AFFIN)

First half 2022 earnings released

Assicurazioni Generali Appoints Stefano Marsaglia as Independent Director

Upcoming dividend of €1.07 per share

Assicurazioni Generali S.p.A Elects Dame Clara Furse DBE as a Non-Executive Director

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Deputy Vice-Chairman recently bought €22m worth of stock

Deputy Vice-Chairman recently bought €15m worth of stock

Deputy Vice-Chairman recently bought €44m worth of stock

Generali Reportedly Eyes Bigger Stake in India Businesses as Future Seeks Exit

Deputy Vice-Chairman recently bought €18m worth of stock

Deputy Vice-Chairman recently bought €6.2m worth of stock

Controlling Shareholders of Syn Mun Kong Insurance Reportedly Plan to Sell Majority Stake

Generali to Purchase Credit Agricole Subsidiary

Deputy Vice-Chairman recently bought €26m worth of stock

Upcoming dividend of €0.46 per share

Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) acquired an unknown minority stake in Assicurazioni Generali S.p.A. (BIT:G).

Deputy Vice-Chairman recently bought €19m worth of stock

First half 2021 earnings released: EPS €0.98 (vs €0.61 in 1H 2020)

Applied Underwriters, Inc. agreed to acquire Specialty Lines Division of Assicurazioni Generali S.p.A. (BIT:G).

Assicurazioni Generali S.p.A. (BIT:G) agreed to acquire 70% stake in AXA AFFIN Life Insurance Bhd. from AFFIN Bank Berhad (KLSE:AFFIN) and AXA Asia SAS.

Assicurazioni Generali S.p.A. (BIT:G) agreed to acquire a 53% stake in AXA Affin General Insurance Berhad from AXA Asia SAS and AFFIN Bank Berhad (KLSE:AFFIN).

Assicurazioni Generali S.p.A. (BIT:G) completed the acquisition of 99.98% stake in AXA Insurance SA from AXA SA (ENXTPA:CS).

Assicurazioni Generali to Launch $1.4 Billion Takeover Bid for Cattolica

Upcoming dividend of €1.01 per share

Generali Reportedly Studying Acquisition in Russia

YAS Digital Limited Partners with Generali to Launch Passenger Microinsurance - "RYDE with YAS"

Full year 2020 earnings released: EPS €1.23 (vs €1.40 in FY 2019)

New 90-day high: €15.81

Assicurazioni Generali S.P.A. Announces Executive Changes

General Manager has left the company

New 90-day high: €14.94

New 90-day high: €14.61

Assicurazioni Generali S.p.A., Annual General Meeting, Apr 29, 2021

Assicurazioni Generali S.p.A. (BIT:G) entered into an agreement to acquire 99.98% stake in AXA Insurance SA from AXA SA (ENXTPA:CS) for approximately €170 million.

Generali Group and Accenture Form Joint Venture to Accelerate the Insurer’s Digital Transformation Strategy

New 90-day high: €14.56

New 90-day low: €11.30

New 90-day low - €12.63

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure