BIT:G

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Assicurazioni Generali

Executive Summary

Assicurazioni Generali S.p.A. provides various insurance solutions.


Snowflake Analysis

Established dividend payer and good value.


Similar Companies

Share Price & News

How has Assicurazioni Generali's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: G's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

G

-4.1%

IT Insurance

1.6%

IT Market


1 Year Return

-24.1%

G

-23.2%

IT Insurance

-16.2%

IT Market

Return vs Industry: G matched the Italian Insurance industry which returned -24.2% over the past year.

Return vs Market: G underperformed the Italian Market which returned -17.3% over the past year.


Shareholder returns

GIndustryMarket
7 Day-0.5%-4.1%1.6%
30 Day-1.9%-3.6%3.6%
90 Day-29.7%-28.7%-23.0%
1 Year-20.9%-24.1%-19.9%-23.2%-14.1%-16.2%
3 Year1.5%-12.6%0.9%-13.3%-13.2%-21.0%
5 Year-10.8%-31.4%-6.8%-29.7%-19.2%-38.2%

Price Volatility Vs. Market

How volatile is Assicurazioni Generali's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Assicurazioni Generali undervalued compared to its fair value and its price relative to the market?

4.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: G (€12.18) is trading below our estimate of fair value (€12.97)

Significantly Below Fair Value: G is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: G is good value based on its PE Ratio (8.7x) compared to the Insurance industry average (9.4x).

PE vs Market: G is good value based on its PE Ratio (8.7x) compared to the Italian market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: G is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: G is good value based on its PB Ratio (0.7x) compared to the IT Insurance industry average (0.7x).


Next Steps

Future Growth

How is Assicurazioni Generali forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: G's forecast earnings growth (7.6% per year) is above the savings rate (2%).

Earnings vs Market: G's earnings (7.6% per year) are forecast to grow slower than the Italian market (23.8% per year).

High Growth Earnings: G's earnings are forecast to grow, but not significantly.

Revenue vs Market: G's revenue is expected to decline over the next 3 years (-6.3% per year).

High Growth Revenue: G's revenue is forecast to decline over the next 3 years (-6.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: G's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has Assicurazioni Generali performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G has high quality earnings.

Growing Profit Margin: G's current net profit margins (2.4%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: G's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: G's earnings growth over the past year (2.8%) is below its 5-year average (4% per year).

Earnings vs Industry: G earnings growth over the past year (2.8%) underperformed the Insurance industry 7.5%.


Return on Equity

High ROE: G's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Assicurazioni Generali's financial position?


Financial Position Analysis

Short Term Liabilities: G's short term assets (€32.4B) do not cover its short term liabilities (€45.3B).

Long Term Liabilities: G's short term assets (€32.4B) do not cover its long term liabilities (€439.4B).


Debt to Equity History and Analysis

Debt Level: G's debt to equity ratio (71.1%) is considered high.

Reducing Debt: G's debt to equity ratio has reduced from 91.9% to 71.1% over the past 5 years.

Debt Coverage: G's debt is well covered by operating cash flow (95.8%).

Interest Coverage: G's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Next Steps

Dividend

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

7.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: G's dividend (7.89%) is higher than the bottom 25% of dividend payers in the Italian market (2%).

High Dividend: G's dividend (7.89%) is in the top 25% of dividend payers in the Italian market (5.54%)


Stability and Growth of Payments

Stable Dividend: G's dividend payments have been volatile in the past 10 years.

Growing Dividend: G's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68.6%), G's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: G's dividends in 3 years are forecast to be covered by earnings (60.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Philippe Donnet (59yo)

4.17yrs

Tenure

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

NamePositionTenureCompensationOwnership
Philippe Donnet
MD, Group CEO & Director4.17yrsno datano data
Cristiano Borean
Group CFO & Manager In charge of Preparing Financial Reports1.67yrsno datano data
Ottorino Passariello
Head of Group Operations & Processes2.33yrsno datano data
Timothy Ryan
Group Chief Investment Officer & CEO of Asset & Wealth Management3.33yrsno datano data
Giulia Raffo
Head of Investor & Rating Agency relations1yrno datano data
Antonio Cangeri
Group General Counsel8.33yrsno datano data
Maurizio Basso
Group Compliance Officer7.17yrsno datano data
Simone Bemporad
Group Communications & Public Affairs Director6.33yrsno datano data
Isabelle Conner
Group Chief Marketing & Customer Officer6yrsno datano data
Monica Possa
Group Chief HR & Organization Officer2.58yrsno datano data

3.8yrs

Average Tenure

54yo

Average Age

Experienced Management: G's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philippe Donnet
MD, Group CEO & Director4.17yrsno datano data
Gabriele di Genola e Suniglia
Non-Executive Chairman9.08yrs€1.06mno data
Lorenzo Pellicioli
Non-Executive Director13.08yrs€210.46kno data
Francesco Caltagirone
Deputy Vice-Chairman10.08yrs€225.46k0.91% 174.7m
Carolyn Dittmeier
Chairwoman of Statutory Auditorsno data€100.68kno data
Diva Moriani
Non-Executive Independent Director4.08yrsno datano data
Clemente Rebecchini
Vice-Chairman6.5yrs€266.46kno data
Romolo Bardin
Non-Executive Independent Director4.08yrsno datano data
Alberta Figari
Independent Director7.08yrs€319.46kno data
Sabrina Pucci
Independent Director7.08yrs€278.46kno data

7.1yrs

Average Tenure

57yo

Average Age

Experienced Board: G's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Assicurazioni Generali S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Assicurazioni Generali S.p.A.
  • Ticker: G
  • Exchange: BIT
  • Founded: 1831
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €19.101b
  • Shares outstanding: 1.57b
  • Website: https://www.generali.com

Number of Employees


Location

  • Assicurazioni Generali S.p.A.
  • Piazza Duca degli Abruzzi 2
  • Trieste
  • Trieste
  • 34132
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARZG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
GBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
0K78LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ASGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
GMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ASGXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
AGENWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
ASGSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
GASI NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
GENENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJan 1992
ARZG.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Assicurazioni Generali S.p.A. provides various insurance solutions. It operates through three segments: Life; Non-Life; Asset Management; and Holding and Other Business. It 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. The company also provides equity and fixed-income funds, as well as alternative products; investment; and wealth management services. It operates in Italy, France, Germany, Czech Republic, Poland, Hungary, Slovakia, Serbia/Montenegro, Romania, Slovenia, Bulgaria, Croatia, Russia, Spain, Switzerland, the America, Southern Europe, and Asia. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 09:01
End of Day Share Price2020/05/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.