Generali is on track to achieve all its 2018 financial and industrial targets. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Even if these initiatives have an impact on our cost base and on our results in the short term, our commitment will continue because the well-being and the safety of our stakeholders are an investment for our future. Franz Kafka worked for nearly nine months (between November 1, 1907, and July 15, 1908) at the Assicurazioni Generali office in Prague. The new business margin was 3.94% (4.40% 1H19), with a decrease of 0.46 pps at constant scope, due mainly to the unfavourable financial environment, only partly offset by a further recalibration of financial guarantees and a more favourable business mix. The total of Assets Under Management from the segment was € 527 billion at 30 June 2020. With the view to mitigate the impact of the forecast reduction of revenues (volumes and financial income), Generali will continue its commitment to reduce its cost base. As a Premium user you get access to the detailed source references and background information about this statistic. With regard to the main countries in which the Group operates, Italy (+14%) benefitted from the performance of protection products and, to a greater extent, from unit-linked products, thanks to the above-mentioned pension fund. New, Everything you need to know about the industry development, Health Market Outlook In the current international economic and financial environment characterized by great uncertainty, at the end of June the Solvency Ratio - which represents the regulatory view of the Group’s capital and is based on the use of the internal model for companies that have obtained the relative approval from IVASS, and on the Standard Formula for the other companies – remained solid standing at 194%, a decline of 2 pps compared with the end of the first quarter 2020. The Covid-19 pandemic had impacts on the Group’s various business segments. Savings products fell (-11.1%) in all countries in which the Group operates, with the exception of Germany. Please authenticate by going to "My account" → "Administration". Statista. Assets under management (AUM) of Italian insurance Group Generali from 2014 to 2019 (in billion euros) [Graph]. Generali also successfully launched a focused asset management strategy in 2017, with €487 billion in Assets Under Management. Legal & General Investment Management is one of Europe’s largest asset managers, offering investment solutions to a broad range of clients globally. GIAM Generali Insurance Asset Management SGR S.p.A. GIG&S ... shareholding in the issuer within the portfolios under management, existence and relevance of the relationships with the issuer, interest for specific sectors of issuer’s activity from the research standpoint. This liability management transaction will result in a one-off expense of € 94 million in the third quarter of 20207. Roma, 12 nov 2020 08:18 - (Agenzia Nova) - Al 30 settembre 2020 Generali registra Asset under management complessivi di parti terze per 160,576 miliardi di euro con un calo dello 0,8 per cento: nonostante la volatilità dei mercati finanziari, il miglioramento rispetto al primo semestre riflette la positiva raccolta del terzo trimestre. The 6.9% decrease in the financial result was due to lower current income based on the present situation of market interest rates and lower share dividends. Generali Real Estate conducts its real estate investment management activities through its regulated investment fund management company, Generali Real Estate S.p.A. Società di Gestione del Risparmio (“GRE SGR”), in charge of managing both commercial real estate equity and debt funds through its seasoned professionals located in Italy and France. Reto Arrigoni has been named as global head of casualty underwriting. The midfield is where major decisions are taken between defence and attack. The operating result of Asset Management increased from € 261 million in 2017 to € 335 million in 2018 (+28.2%). Update, Insights into the world's most important technology markets, Advertising & Media Outlook Europ Assistance was down (-27.1%), with premiums impacted by the pandemic, especially in travel insurance. Generali undertook measures to protect its customers in all countries - in particular, in the motor line - and will continue to implement them in the second half of the year. The fund was designed to protect the stability of the Eurozone and to sustain its growth, especially in its peripheral countries, thus contributing to a less diversified economic development plan within the area itself. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The latter reached € 156.1 billion, down 3.5%, reflecting the situation of the financial markets as well as the outflows recorded for some portfolios in the first part of the year. In unprecedented circumstances, with significant macroeconomic and financial impacts resulting from the Covid-19 pandemic, the Group’s half-year results demonstrate a resilient operating performance and confirm its solid capital position. The Group is not exposed to the business of event cancellations, one of the worst hit sectors in the crisis. Performance in ACEER was positive (+2.4%, driven by Poland, Austria and Hungary). Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. The Group had total Assets Under Management of € 623.2 billion, a decrease of 1.1% compared to 31 December 2019, following the decline in the value of assets, due to the performance of financial markets in the period, as well as the decrease in value of third-party Assets Under Management. As at 31 December 2020, BlackRock’s assets under management totaled US$ 8.68 trillion. The Group’s net result was impacted for € 226 million of net impairments on investments caused by the financial markets performance. Claudius was CRO at Generali Deutschland from 2007 and R+V Group from 2012, where he led the integration of R+V’s risk management function with that of DZ Bank Group. (April 6, 2020). Corporate solution including all features. This performance was underpinned by the positive trend of unit-linked products (+35.8%), which benefitted from the above-mentioned collective pension fund. The operating result of the Holding and other businesses segment came to € -70 million, an improvement compared to € -163 million at 31 December 2017. You can only download this statistic as a Premium user. With regard to overall claims, following the decrease witnessed in the months of lockdown, uncertainty for the rest of the year still remains. Protection products were down slightly (-0.7%), posting varying performances. Please select your location. The performance in France (+1.8%) was also positive, thanks to the contribution of new partnerships and of the fleets segment, and the Americas and Southern Europe (+10.5%) following rate adjustments for inflation. In a scenario where the gradual elimination of restrictive measures by the various countries hit by the pandemic is expected, global GDP is predicted to reach record lows in the second quarter of the year, with a decrease of over 5%, while unemployment is expected to rise. Its core business is asset management i.e the realization of financial returns depends on the structure of the managed portfolios. The operating result stood at € 1,302 million (€ 1,121 million 1H19). Germany’s performance was positive (+2.8%), where both the premiums of unit-linked products and of savings products rose, as was ACEER (+0.3%). Life net inflows, focused on unit-linked and protection lines, amounted to € 7 billion (-4.9%) and life technical provisions rose to € 372 billion (+0.7%), The Asset Management segment profit stood at € 164 million (+23%), The Solvency Ratio continued to be solid at 194% (-2 pps vs 1Q20), The Group’s net profit stood at € 774 million (-56.7%), reflecting € 226 million of net impairments on investments related to the performance of the financial markets, € 183 million for the arbitration settlement for the sale of BSI and the contribution of € 100, Gross written premiums rose to € 24.6 billion (+1.3%) and net inflows, focused on unit-linked and protection lines, amounted to € 7 billion (-4.9%), Solid new business margin at 3.94% (-0.46 pps) and new business value (NBV) at € 887 million (-5.5%), Premiums increased to € 11.8 billion thanks to the non-motor business line (+1.7%), The Combined Ratio was 89.5% (-2.3 pps), due to a lower current loss ratio, Significant rise in operating result growth to € 1.3 billion (+16.2%). The expense ratio also improved (27.9%; -0.7 pps) reflecting the decline in the acquisition component, mainly linked to the motor business line. Assicurazioni Generali S.p.A., headquartered in Trieste, is the largest insurance company in Italy and the eleventh largest insurer in the world by total assets. While a gradual recovery is predicted from the second half of 2020, the scenario continues to be highly uncertain. Data prior to 2019 from earlier publications by the source. Directly accessible data for 170 industries from 50 countries 1Changes in premiums, Life net inflows and PVNBP (present value of new business premiums) are presented in equivalent terms (at constant exchange rates and consolidation scope). Life technical provisions amounted to € 372,028 million. At a meeting chaired by Gabriele Galateri di Genola, the Assicurazioni Generali Board of Directors approved the 2020 Consolidated Half-Year Financial Report of the Generali Group. The European political leaders followed the ECB’s initiatives in a coherent manner, integrating the bold monetary stimulus from the Central Bank with the creation of the Recovery Fund. The adjusted net profit amounted to € 957 million (€ 1,310 million 1H19); this does not include the impact of the gains and losses on disposals of € -183 million resulting from the settlement agreement with BTG Pactual, which ended the arbitration for the sale of BSI (€ 479 million 1H19, relating to the sale of Generali Leben and the Belgian businesses). The ideal entry-level account for individual users. Assets Under Management - AUM: Assets under management (AUM) is the total market value of assets that an investment company or financial institution manages on behalf of investors. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. Axel started his career in asset management. In particular, it is estimated that the Life business was negatively impacted for a total of € -225 million, largely due to the lower investment net result, given the above-mentioned financial markets environment. Further, we continued to execute our Generali 2021 strategy in a disciplined and effective manner while also pursuing sustainable growth. In particular, the Life operating result in Switzerland went from € 98 million in 1H19 to € -156 million in 1H20 as a result of the acceleration of provisions related to guarantees for policyholders in the country. The Group will publish the final version of the Consolidated Half-Year Financial Report 2020 on the corporate website in accordance with the prevailing law, also including the Independent Auditor’s Report. Following are the top 10 and top 50 largest asset and wealth managers in the world ranked by total AUM. From an operational standpoint, the macroeconomic consequences of Covid-19 will have a negative impact on the evolution of the Group’s premiums, especially in travel insurance. : U66010MH2006PLC165288). Excluding the one-off expense of the Extraordinary International Fund for Covid-19, the adjusted net profit was € 1,032 million (-21.2%). If you click on this banner or close this window or access any element underlying this banner, you'll provide consent regarding cookies. The Group’s mission to be Lifetime Partner for its customers offering them personalized solutions is even stronger under the current circumstances. Some of these initiatives include the new way of working, in order to ensure the safety of the Group’s employees, through the extension of smart working that led to cost savings (e.g. He holds an MBA in International Business from California School of International Management and is … Profit from additional features by authenticating your Admin account. The net operating holding expenses were € -256 million (€ -251 million 1H19), due to the increased costs of the operating entities linked to the Group’s strategic projects. Over a three-year period, the fund's assets under management, amounting to … Considering the result for the period of € 774 million, the reduction is due to the decrease in the reserve for unrealized gains and losses on available for sale financial assets of € 1,133 million - mainly attributable to the performance of bonds - as well as to the dividend for a total of € 1,513 million, the first tranche of which was paid in May. That increase reflects more conservative long-term financial assumptions. Chief Executive Officer of Generali CEE Holding B.V. Luciano Cirinà has been based in Prague since March 2013, and is responsible of the Group‘s business in Central and Eastern Europe.He is member of the Generali Group Management Committee from May 2016. BlackRock Inc, headquartered in New York City, is the world's largest asset manager serving individual investors, companies, governments, and foundations through over 80 … Generali Investments Partners (GIP) is a new Italian asset management company aimed at being the business unit’s growth in terms of number of third party clients and assets under management. The rigorous execution of the strategy has allowed Generali to face the first-half of 2020 with solid fundamentals, both from an operational standpoint and in terms of its capital position and liquidity. "Assets under Management (Aum) of Italian Insurance Group Generali from 2014 to 2019 (in Billion Euros).
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