Assicurazioni Generali Past Earnings Performance

Past criteria checks 5/6

Assicurazioni Generali has been growing earnings at an average annual rate of 12.5%, while the Insurance industry saw earnings growing at 4.4% annually. Revenues have been declining at an average rate of 4.6% per year. Assicurazioni Generali's return on equity is 12.9%, and it has net margins of 6.4%.

Key information

12.5%

Earnings growth rate

12.8%

EPS growth rate

Insurance Industry Growth	5.9%
Revenue growth rate	-4.6%
Return on equity	12.9%
Net Margin	6.4%
Next Earnings Update	21 May 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Assicurazioni Generali makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:ASG Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	57,204	3,663	966
30 Sep 23	55,944	3,621	947
30 Jun 23	79,979	4,163	3,365
31 Mar 23	78,006	3,538	3,356
31 Dec 22	50,736	2,328	910
30 Sep 22	60,546	2,299	1,424
30 Jun 22	70,355	2,269	1,937
31 Mar 22	83,012	2,558	2,386
31 Dec 21	95,668	2,847	2,835
30 Sep 21	95,638	2,679	2,788
30 Jun 21	95,608	2,510	2,741
31 Mar 21	88,317	2,219	2,742
31 Dec 20	81,026	1,927	2,742
30 Sep 20	79,887	1,883	2,745
30 Jun 20	78,748	1,838	2,748
31 Mar 20	85,233	2,017	2,742
31 Dec 19	91,718	2,195	2,735
30 Sep 19	85,031	2,210	2,641
30 Jun 19	78,344	2,224	2,546
31 Mar 19	74,599	2,180	2,492
31 Dec 18	70,853	2,136	2,438
30 Sep 18	74,210	2,178	2,421
30 Jun 18	77,566	2,220	2,404
31 Mar 18	78,852	2,199	2,412
31 Dec 17	80,138	2,178	2,420
30 Jun 17	82,739	2,047	2,501
31 Mar 17	83,679	2,045	3,055
31 Dec 16	81,982	2,041	2,546
30 Sep 16	87,429	1,933	4,163
30 Jun 16	80,580	1,854	2,571
31 Mar 16	79,248	1,951	2,576
31 Dec 15	87,471	2,065	2,581
30 Sep 15	85,646	1,905	2,570
30 Jun 15	89,774	2,041	2,582
31 Mar 15	91,623	1,803	2,522
31 Dec 14	84,502	1,739	2,502
30 Sep 14	86,475	1,521	3,012
30 Jun 14	83,661	1,564	2,403
31 Mar 14	83,031	1,424	3,000
31 Dec 13	81,728	1,430	2,480
30 Sep 13	79,210	331	4,362
30 Jun 13	80,694	174	4,362

Quality Earnings: ASG has high quality earnings.

Growing Profit Margin: ASG's current net profit margins (6.4%) are higher than last year (4.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ASG's earnings have grown by 12.5% per year over the past 5 years.

Accelerating Growth: ASG's earnings growth over the past year (57.3%) exceeds its 5-year average (12.5% per year).

Earnings vs Industry: ASG earnings growth over the past year (57.3%) exceeded the Insurance industry 10%.

Return on Equity

High ROE: ASG's Return on Equity (12.9%) is considered low.

Return on Assets

Return on Capital Employed

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Assicurazioni Generali Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Full year 2023 earnings released

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

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

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

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

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

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Revenue & Expenses Breakdown
Beta