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Assicurazioni Generali

LSE:0K78
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0K78
LSE
€27B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Assicurazioni Generali S.p.A. provides various insurance solutions in Europe, the Middle East, Africa, Asia, the Americas, and internationally. The last earnings update was 38 days ago. More info.


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0K78 Share Price and Events
7 Day Returns
1.3%
LSE:0K78
3.5%
GB Insurance
0.6%
GB Market
1 Year Returns
2%
LSE:0K78
-5%
GB Insurance
1.1%
GB Market
0K78 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Assicurazioni Generali (0K78) 1.3% 4.2% 10.6% 2% 23.5% 2.8%
GB Insurance 3.5% 5.2% 10.1% -5% 14.9% 23.7%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0K78 outperformed the Insurance industry which returned -5% over the past year.
Price Volatility
0K78
Industry
5yr Volatility vs Market

0K78 Value

 Is Assicurazioni Generali undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Assicurazioni Generali to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Assicurazioni Generali.

LSE:0K78 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= €16.19 * 11.8%
€1.92
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. €16.19
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0K78
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 9%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 24%) (82.86%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.121 * 9.02%)
11.34%

Discounted Cash Flow Calculation for LSE:0K78 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Assicurazioni Generali is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0K78 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.8% – 11.34%) * €16.19)
€0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.08 / (11.34% - 1.23%)
€0.82
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €16.19 + €0.82
€17.01
LSE:0K78 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0K78 represents 0.99912x of BIT:G
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99912x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 17.01 x 0.99912
€17.00
Value per share (EUR) From above. €17.00
Current discount Discount to share price of €17.03
= -1 x (€17.03 - €17.00) / €17.00
-0.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Assicurazioni Generali is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Assicurazioni Generali's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Assicurazioni Generali's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0K78 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.37
BIT:G Share Price ** BIT (2019-04-18) in EUR €17.05
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Assicurazioni Generali.

LSE:0K78 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:G Share Price ÷ EPS (both in EUR)

= 17.05 ÷ 1.37

12.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assicurazioni Generali is good value based on earnings compared to the GB Insurance industry average.
  • Assicurazioni Generali is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Assicurazioni Generali's expected growth come at a high price?
Raw Data
LSE:0K78 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
7%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0K78 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.47x ÷ 7%

1.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assicurazioni Generali is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Assicurazioni Generali's assets?
Raw Data
LSE:0K78 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €15.08
BIT:G Share Price * BIT (2019-04-18) in EUR €17.05
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0K78 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:G Share Price ÷ Book Value per Share (both in EUR)

= 17.05 ÷ 15.08

1.13x

* Primary Listing of Assicurazioni Generali.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assicurazioni Generali is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Assicurazioni Generali's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Assicurazioni Generali has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0K78 Future Performance

 How is Assicurazioni Generali expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Assicurazioni Generali expected to grow at an attractive rate?
  • Assicurazioni Generali's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Assicurazioni Generali's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Assicurazioni Generali's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0K78 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0K78 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 7%
LSE:0K78 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 0.9%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0K78 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0K78 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,907
2022-12-31 2,777
2021-12-31 72,472 4,200 2,800 5
2020-12-31 70,533 3,994 2,651 6
2019-12-31 68,560 3,807 2,567 6
LSE:0K78 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 70,779 14,992 2,136
2018-09-30 74,201 14,656 2,178
2018-06-30 83,387 14,433 2,369
2018-03-31 84,645 15,432 2,348
2017-12-31 80,138 16,317 2,178
2017-06-30 82,739 16,524 2,047
2017-03-31 83,679 2,045
2016-12-31 81,982 19,988 2,041
2016-09-30 87,429 1,933
2016-06-30 80,580 22,107 1,854
2016-03-31 79,612 1,951

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Assicurazioni Generali's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • Assicurazioni Generali's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0K78 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Assicurazioni Generali Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0K78 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.83 1.83 1.83 1.00
2022-12-31 1.75 1.75 1.75 1.00
2021-12-31 1.76 1.89 1.56 14.00
2020-12-31 1.68 2.09 1.52 20.00
2019-12-31 1.64 1.91 1.52 19.00
LSE:0K78 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.37
2018-09-30 1.39
2018-06-30 1.52
2018-03-31 1.50
2017-12-31 1.40
2017-06-30 1.31
2017-03-31 1.31
2016-12-31 1.31
2016-09-30 1.24
2016-06-30 1.19
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Assicurazioni Generali is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Assicurazioni Generali's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Assicurazioni Generali has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0K78 Past Performance

  How has Assicurazioni Generali performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Assicurazioni Generali's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Assicurazioni Generali's year on year earnings growth rate has been positive over the past 5 years.
  • Assicurazioni Generali's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Assicurazioni Generali's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
Assicurazioni Generali's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Assicurazioni Generali Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0K78 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 70,779.00 2,136.00 2,438.00
2018-09-30 74,200.50 2,178.00 2,421.00
2018-06-30 83,387.00 2,369.00 2,559.00
2018-03-31 84,645.00 2,348.00 2,567.00
2017-12-31 80,138.00 2,178.00 2,420.00
2017-06-30 82,739.00 2,047.00 2,501.00
2017-03-31 83,678.50 2,045.00 3,055.00
2016-12-31 81,982.00 2,041.00 2,546.00
2016-09-30 87,429.00 1,932.50 4,162.50
2016-06-30 80,580.00 1,854.00 2,571.00
2016-03-31 79,612.00 1,951.00 2,576.00
2015-12-31 87,471.00 2,065.00 2,581.00
2015-09-30 85,646.00 1,905.00 2,570.00
2015-06-30 89,887.00 2,041.00 2,582.00
2015-03-31 91,623.00 1,803.00 2,522.00
2014-12-31 84,615.00 1,739.00 2,502.00
2014-09-30 86,475.00 1,521.00 3,012.00
2014-06-30 83,661.00 1,564.00 2,403.00
2014-03-31 83,031.00 1,424.00 3,000.00
2013-12-31 81,728.00 1,430.00 2,480.00
2013-09-30 79,210.00 331.00 4,362.00
2013-06-30 80,694.00 174.00 4,362.00
2013-03-31 87,365.00 171.00 3,178.00
2012-12-31 80,170.00 36.00 3,070.00
2012-09-30 90,243.10 1,185.70 3,331.00
2012-06-30 83,454.40 864.40 3,331.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Assicurazioni Generali has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Assicurazioni Generali used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Assicurazioni Generali has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Assicurazioni Generali's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Assicurazioni Generali has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0K78 Health

 How is Assicurazioni Generali's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Assicurazioni Generali's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Assicurazioni Generali's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Assicurazioni Generali's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Assicurazioni Generali's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Assicurazioni Generali Company Filings, last reported 3 months ago.

LSE:0K78 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 24,643.00 22,101.00 7,992.00
2018-09-30 24,643.00 22,101.00 7,992.00
2018-06-30 24,585.00 22,256.00 6,602.00
2018-03-31 24,585.00 22,256.00 6,602.00
2017-12-31 26,177.00 21,787.00 8,810.00
2017-06-30 24,792.00 21,972.00 8,113.00
2017-03-31 24,792.00 21,972.00 8,113.00
2016-12-31 25,668.00 21,165.00 9,023.00
2016-09-30 25,667.00 21,165.00 9,023.00
2016-06-30 25,645.00 20,561.00 10,217.00
2016-03-31 26,071.00 9,569.00 37,333.00
2015-12-31 24,707.00 21,013.00 10,705.00
2015-09-30 23,806.00 8,418.00 27,067.00
2015-06-30 24,325.00 19,960.00 9,598.00
2015-03-31 27,239.00 8,422.00 24,437.00
2014-12-31 24,185.00 22,416.00 10,761.00
2014-09-30 23,442.00 8,133.00 23,535.00
2014-06-30 23,696.00 22,719.00 9,455.00
2014-03-31 23,450.00 7,627.00 32,179.00
2013-12-31 21,405.00 23,541.00 22,319.00
2013-09-30 21,070.00 12,714.00 31,698.00
2013-06-30 20,302.00 24,652.00 20,733.00
2013-03-31 20,629.00 13,140.00 38,371.00
2012-12-31 21,726.00 25,622.00 23,805.00
2012-09-30 22,099.60 12,184.70 37,762.90
2012-06-30 20,096.30 19,858.20 22,567.50
  • Assicurazioni Generali's level of debt (89.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (109% vs 89.7% today).
  • Debt is well covered by operating cash flow (67.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Assicurazioni Generali's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Assicurazioni Generali has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0K78 Dividends

 What is Assicurazioni Generali's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.28%
Current annual income from Assicurazioni Generali dividends. Estimated to be 6.01% next year.
If you bought €2,000 of Assicurazioni Generali shares you are expected to receive €106 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Assicurazioni Generali's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Assicurazioni Generali's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Assicurazioni Generali before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0K78 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0K78 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.12 2.00
2022-12-31 1.09 2.00
2021-12-31 1.08 16.00
2020-12-31 1.02 21.00
2019-12-31 0.97 20.00
LSE:0K78 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.900 5.424
2018-03-15 0.850 5.674
2017-03-16 0.800 5.281
2016-03-18 0.720 5.785
2015-03-12 0.600 3.707
2014-03-13 0.450 2.727
2013-03-14 0.200 1.327
2012-08-02 0.200 1.606
2012-04-02 0.200 2.069
2012-03-20 0.200 1.642
2011-04-04 0.450 3.506
2011-03-16 0.450 2.976
2010-04-26 0.350 2.313
2009-04-24 0.240 1.426
2009-04-22 0.865 5.936

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Assicurazioni Generali's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Assicurazioni Generali's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Assicurazioni Generali afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Assicurazioni Generali has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0K78 Management

 What is the CEO of Assicurazioni Generali's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Philippe Donnet
AGE 58
TENURE AS CEO 3.1 years
CEO Bio

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 Executive Officer of Generali Italia S.p.A. since October 2013. He serves as the Director at Generali Italia S.p.A. He was a Co-Founder of HLD Associés and also served as a Partner at the firm. He served as Managing Director at Generali Italia S.p.A. He served as Country Manager for Assicurazioni Generali S.p.A. and Italy at parent Generali. He served as Managing Director of International Development of Wendel. Mr. Donnet served as Managing Director of Asia-Pacific team of Wendel since April 11, 2007. He joined the firm as General Director of Asia Pacific in 2007. Mr. Donnet served as the Chief Executive Officer of Asia-Pacific operation of AXA Group since October 1, 2006. Mr. Donnet served as Managing Director of Axa Life Insurance Co. Ltd. He served as an Executive Officer of AXA Group since 2001 and served as its Member of Executive Board. He served as Group Regional Chief Executive Officer of Japan and Asia Pacific at AMP AAPH Limited since 2006. He served as a Non Executive Director of AMP AAPH Limited from October 5, 2006 to April 2007. He served as the Chief Executive Officer of Axa Japan Holding Co. from March 2003 to April 2006 and served as its President until April 2006. Mr. Donnet served as the Chief Executive Officer of AXA Italia since October 2001 and was responsible for the Mediterranean region, Middle-east, Canada & Latin America and served as the Chief Executive Officer of AXA Corporate Solutions Mediterranean Region until March 19, 2003. He served as the Chairman of AXA Italia. From 1999 to 2001, Mr. Donnet served as Chief Executive Officer of AXA Assicurazioni. From 1997 to 1999, Mr. Donnet served as Deputy Chief Executive of AXA Conseil (France). From 1990 to 1994, he served as Technical and Commercial Manager of Normandy region of AXA Assurances before moving to the Languedoc Pyrénées region as General Manager. He started working for AXA Group in France in 1985 and served for two years at AXA Canada before joining its International Operations department as Head of an acquisition project. He was appointed as Chief Executive Officer of AXA RE (reinsurance) and chairman of AXA Corporate Solutions in 2002. He has been the Non-Executive Chairman of AXA Japan Holding Co. Ltd., since April 2006. He has been Director of Axa Australia since October 5, 2006. He serves as Director of Axa Life Insurance Co. He serves as a Director of Wendel Investissement. He has been a Director at Assicurazioni Generali S.p.A. since March 17, 2016. He serves as a Member of Supervisory Board of Financière Miro. He served as Director of The National Mutual Life Association of Australasia Limited. He served as the Chairman of Paris Re Holdings Ltd. since March 19, 2002. He served as a Non Executive Director of Banca Generali S.p.A. since October 15, 2013. Mr. Donnet served as an Independent Director of Gecina SA from February 8, 2010 to March 2014. He served as an Independent Member of Supervisory Board at Vivendi SA since April 24, 2008. Mr. Donnet is a graduate of Ecole Polytechnique.

CEO Compensation
  • Insufficient data for Philippe to compare compensation growth.
  • Insufficient data for Philippe to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Assicurazioni Generali management team in years:

2.3
Average Tenure
54
Average Age
  • The tenure for the Assicurazioni Generali management team is about average.
Management Team

Philippe Donnet

TITLE
MD, Group CEO & Director
AGE
58
TENURE
3.1 yrs

Cristiano Borean

TITLE
Group Chief Financial Officer
AGE
45
TENURE
0.6 yrs

Ottorino Passariello

TITLE
Head of Group Operations & Processes
TENURE
1.3 yrs

Tim Ryan

TITLE
Group Chief Investment Officer & CEO of Asset & Wealth Management
AGE
49
TENURE
2.3 yrs

Leonardo Meoli

TITLE
Group Head of Investor and Rating Agency relations a.i. & Group Head of Strategy
AGE
38
TENURE
1.3 yrs

Stefania Bergamo

TITLE
Head of Group Legal and Corporate Affairs

Maurizio Basso

TITLE
Group Compliance Officer
AGE
56
TENURE
6.1 yrs

Simone Bemporad

TITLE
Group Communications & Public Affairs Director
TENURE
5.3 yrs

Isabelle Conner

TITLE
Group Chief Marketing & Customer Officer
AGE
54
TENURE
4.9 yrs

Monica Possa

TITLE
Group Chief HR & Organization Officer
AGE
54
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Assicurazioni Generali board of directors in years:

6
Average Tenure
60
Average Age
  • The tenure for the Assicurazioni Generali board of directors is about average.
Board of Directors

Gabriele di Genola e Suniglia

TITLE
Non-Executive Chairman
COMPENSATION
€1M
AGE
71
TENURE
8 yrs

Philippe Donnet

TITLE
MD, Group CEO & Director
AGE
58
TENURE
3.1 yrs

Francesco Caltagirone

TITLE
Deputy Vice-Chairman
COMPENSATION
€225K
AGE
75
TENURE
9 yrs

Clemente Rebecchini

TITLE
Vice-Chairman
COMPENSATION
€266K
AGE
54
TENURE
5.4 yrs

Ornella Barra

TITLE
Director
COMPENSATION
€198K
AGE
65
TENURE
6 yrs

Alberta Figari

TITLE
Director
COMPENSATION
€319K
AGE
54
TENURE
6 yrs

Carolyn Dittmeier

TITLE
Chairwoman of Statutory Auditors
COMPENSATION
€101K
AGE
62

Lorenzo Pellicioli

TITLE
Non-Executive Director
COMPENSATION
€210K
AGE
67
TENURE
12 yrs

Paola Sapienza

TITLE
Director
COMPENSATION
€320K
AGE
53
TENURE
9 yrs

Sabrina Pucci

TITLE
Director
COMPENSATION
€278K
AGE
51
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Assicurazioni Generali insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Apr 19 Buy FGC Spa Company 28. Mar 19 28. Mar 19 100,000 €16.41 €1,638,097
22. Mar 19 Buy FGC Spa Company 19. Mar 19 19. Mar 19 4,300 €16.53 €71,079
11. Feb 19 Buy Delfin S.a.r.l. Company 06. Feb 19 07. Feb 19 740,000 €15.21 €11,232,482
07. Feb 19 Buy Finanziaria Italia 2005 Spa Company 01. Feb 19 04. Feb 19 600,000 €15.20 €9,109,449
07. Feb 19 Buy Delfin S.a.r.l. Company 04. Feb 19 05. Feb 19 690,000 €15.32 €10,543,649
05. Feb 19 Buy Delfin S.a.r.l. Company 31. Jan 19 01. Feb 19 1,140,000 €15.32 €17,380,978
04. Feb 19 Buy Delfin S.a.r.l. Company 29. Jan 19 30. Jan 19 840,000 €15.46 €12,976,486
30. Jan 19 Buy Delfin S.a.r.l. Company 25. Jan 19 28. Jan 19 865,000 €15.47 €13,362,393
28. Jan 19 Buy FGC Spa Company 23. Jan 19 23. Jan 19 50,000 €15.42 €770,750
28. Jan 19 Buy Finanziaria Italia 2005 Spa Company 22. Jan 19 23. Jan 19 1,100,000 €15.41 €16,904,331
28. Jan 19 Buy Delfin S.a.r.l. Company 23. Jan 19 24. Jan 19 1,090,000 €15.45 €16,818,283
28. Jan 19 Buy Francesco Caltagirone Individual 23. Jan 19 23. Jan 19 100,000 €15.42 €1,541,833
24. Jan 19 Buy Francesco Caltagirone Individual 21. Jan 19 21. Jan 19 250,000 €15.41 €3,846,781
24. Jan 19 Buy Delfin S.a.r.l. Company 21. Jan 19 22. Jan 19 780,000 €15.41 €11,984,530
22. Jan 19 Buy Delfin S.a.r.l. Company 17. Jan 19 18. Jan 19 940,000 €15.40 €14,413,440
18. Jan 19 Buy Delfin S.a.r.l. Company 15. Jan 19 16. Jan 19 1,040,000 €15.15 €15,671,657
18. Jan 19 Buy Francesco Caltagirone Individual 15. Jan 19 15. Jan 19 750,000 €15.03 €11,250,628
16. Jan 19 Buy Delfin S.a.r.l. Company 11. Jan 19 14. Jan 19 740,000 €14.90 €11,021,673
11. Jan 19 Buy Delfin S.a.r.l. Company 09. Jan 19 10. Jan 19 835,000 €14.81 €12,330,752
10. Jan 19 Buy Delfin S.a.r.l. Company 07. Jan 19 08. Jan 19 840,000 €14.74 €12,371,282
08. Jan 19 Buy Delfin S.a.r.l. Company 02. Jan 19 04. Jan 19 915,000 €14.66 €13,301,811
27. Dec 18 Buy Delfin S.a.r.l. Company 20. Dec 18 21. Dec 18 820,000 €14.59 €11,914,080
21. Dec 18 Buy Delfin S.a.r.l. Company 17. Dec 18 19. Dec 18 965,000 €14.61 €13,880,321
18. Dec 18 Buy Delfin S.a.r.l. Company 13. Dec 18 14. Dec 18 800,000 €14.60 €11,574,549
17. Dec 18 Buy Finanziaria Italia 2005 Spa Company 11. Dec 18 11. Dec 18 250,000 €14.19 €3,547,500
17. Dec 18 Buy Delfin S.a.r.l. Company 11. Dec 18 12. Dec 18 1,375,000 €14.33 €19,566,806
17. Dec 18 Sell Finanziaria Italia 2005 Spa Company 11. Dec 18 11. Dec 18 -250,000 €14.19 €-3,547,500
13. Dec 18 Buy Delfin S.a.r.l. Company 07. Dec 18 10. Dec 18 670,000 €14.49 €9,613,360
13. Dec 18 Buy Finanziaria Italia 2005 Spa Company 07. Dec 18 10. Dec 18 300,000 €14.42 €4,310,760
10. Dec 18 Buy Delfin S.a.r.l. Company 05. Dec 18 06. Dec 18 1,050,000 €14.79 €15,249,972
07. Dec 18 Buy FGC Spa Company 05. Dec 18 06. Dec 18 700,000 €14.66 €10,150,228
06. Dec 18 Buy Delfin S.a.r.l. Company 03. Dec 18 04. Dec 18 795,000 €15.08 €11,980,950
05. Dec 18 Sell FGC Spa Company 03. Dec 18 03. Dec 18 -900,000 €15.00 €-13,501,800
04. Dec 18 Sell FGC Spa Company 29. Nov 18 29. Nov 18 -500,000 €0.40 €-200,000
04. Dec 18 Buy FGC Spa Company 29. Nov 18 29. Nov 18 200,000 €14.73 €2,946,980
04. Dec 18 Buy Delfin S.a.r.l. Company 29. Nov 18 30. Nov 18 520,000 €14.83 €7,711,908
03. Dec 18 Buy Delfin S.a.r.l. Company 27. Nov 18 28. Nov 18 575,000 €14.81 €8,462,290
30. Nov 18 Buy FGC Spa Company 27. Nov 18 28. Nov 18 500,000 €14.75 €7,353,067
28. Nov 18 Buy Delfin S.a.r.l. Company 26. Nov 18 26. Nov 18 360,000 €14.70 €5,291,388
28. Nov 18 Buy FGC Spa Company 23. Nov 18 23. Nov 18 500,000 €14.24 €7,120,450
28. Nov 18 Buy Delfin S.a.r.l. Company 23. Nov 18 23. Nov 18 160,000 €14.24 €2,277,824
26. Oct 18 Buy Delfin S.a.r.l. Company 23. Oct 18 23. Oct 18 655,000 €13.87 €9,081,772
26. Oct 18 Buy Delfin S.a.r.l. Company 24. Oct 18 24. Oct 18 614,000 €13.88 €8,521,399
24. Oct 18 Buy FGC Spa Company 22. Oct 18 22. Oct 18 29,000 €14.01 €405,573
24. Oct 18 Buy Delfin S.a.r.l. Company 19. Oct 18 19. Oct 18 1,090,000 €13.89 €15,135,740
24. Oct 18 Buy Delfin S.a.r.l. Company 22. Oct 18 22. Oct 18 560,000 €14.15 €7,923,776
22. Oct 18 Buy Delfin S.a.r.l. Company 18. Oct 18 18. Oct 18 543,000 €14.39 €7,734,280
19. Oct 18 Buy Finanziaria Italia 2005 Spa Company 16. Oct 18 16. Oct 18 100,000 €14.18 €1,412,734
19. Oct 18 Buy Finanziaria Italia 2005 Spa Company 16. Oct 18 17. Oct 18 300,000 €14.41 €4,312,209
19. Oct 18 Buy Delfin S.a.r.l. Company 17. Oct 18 17. Oct 18 697,000 €14.48 €10,004,189
19. Oct 18 Buy FGC Spa Company 16. Oct 18 16. Oct 18 10,354 €14.30 €147,962
19. Oct 18 Buy Finanziaria Italia 2005 Spa Company 17. Oct 18 17. Oct 18 300,000 €14.35 €4,289,400
18. Oct 18 Buy Delfin S.a.r.l. Company 16. Oct 18 16. Oct 18 670,000 €14.23 €9,536,579
17. Oct 18 Buy Delfin S.a.r.l. Company 12. Oct 18 12. Oct 18 260,000 €14.25 €3,687,006
17. Oct 18 Buy Delfin S.a.r.l. Company 15. Oct 18 15. Oct 18 570,000 €14.17 €8,075,019
17. Oct 18 Buy FGC Spa Company 12. Oct 18 15. Oct 18 389,646 €14.25 €5,514,239
11. Oct 18 Buy Echelto Srl Company 08. Oct 18 08. Oct 18 30,000 €14.42 €432,720
11. Oct 18 Buy FGC Spa Company 08. Oct 18 09. Oct 18 1,650,000 €14.51 €23,866,179
11. Oct 18 Buy Societa Per La Costruzione E La Gestione Di Immobili Company 08. Oct 18 08. Oct 18 20,000 €14.44 €288,860
10. Oct 18 Buy FGC Spa Company 04. Oct 18 05. Oct 18 2,040,000 €14.87 €30,284,467
05. Oct 18 Buy FGC Spa Company 02. Oct 18 03. Oct 18 700,000 €14.77 €10,289,146
04. Oct 18 Buy FGC Spa Company 28. Sep 18 28. Sep 18 250,000 €14.66 €3,664,500
25. Jun 18 Buy FGC Spa Company 21. Jun 18 21. Jun 18 100,000 €14.40 €1,440,000
12. Jun 18 Sell FGC Spa Company 07. Jun 18 07. Jun 18 -500,000 €0.48 €-237,500
X
Management checks
We assess Assicurazioni Generali's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Assicurazioni Generali has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0K78 News

Simply Wall St News

0K78 Company Info

Description

Assicurazioni Generali S.p.A. provides various insurance solutions in Europe, the Middle East, Africa, Asia, the Americas, and internationally. It operates through three segments: Life; Non-Life; Asset Management; and Holding and Other Business. The company offers saving and protection insurance products for individuals and family; unit linked products with investment purposes; and motor, liability, casualty, accident, health, and commercial and industrial risks insurance products. It also provides asset management; investment; and wealth management services. The company was formerly known as Assicurazioni Generali Austro-Italiche and changed its name to Assicurazioni Generali S.p.A. in 1848. Assicurazioni Generali S.p.A. was founded in 1831 and is headquartered in Trieste, Italy.

Details
Name: Assicurazioni Generali S.p.A.
0K78
Exchange: LSE
Founded: 1831
€26,672,955,026
1,564,855,091
Website: http://www.generali.com
Address: Assicurazioni Generali S.p.A.
Piazza Duca degli Abruzzi 2,
Trieste,
Trieste, 34132,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT G Ordinary Shares Borsa Italiana IT EUR 02. Jan 1992
OTCPK ARZG.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB ASG Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA ASG Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0K78 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX ASG Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
ENXTBR GEN Ordinary Shares Euronext Brussels BE EUR 02. Jan 1992
WBAG AGEN Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE GM Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK ARZG.Y ADR Pink Sheets LLC US USD 24. Oct 2008
Number of employees
Current staff
Staff numbers
70,734
Assicurazioni Generali employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:53
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.