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  • Rank48
  • Previous Rank48
  • CEO
    Mario Greco
  • Address
    Piazza Duca degli Abruzzi 2, Trieste 34132
  • Websitehttp://www.generali.com
  • Industry
    Insurance: Life, Health (stock)

Europe’s third-largest insurer Assicurazioni Generali is trying to embrace a shift in the insurance industry. Like other European insurers, Generali is being squeezed by low interest rates in its core business, which make it hard on general returns in its bond heavy portfolios. Generali is expanding into asset management and other fee-based businesses to be less reliant on investment income. It plans to invest in venture capital firms that are funding financial tech start-ups. But it is behind rivals like AXA and Allianz, which already have large asset management divisions. Generali still generates 70% of its income from traditional life insurance.

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Company Information

CEO
Mario Greco
Industry
Insurance: Life, Health (stock)
Sector
Financials
HQ Location
Trieste, Italy
Websitehttp://www.generali.com
Years on List21
Figures prepared in accordance with International Accounting Standards.

Key Financials (last fiscal year)

($ Millions)% change
Revenues118,871.73.2%
Profits2,215.3-12.9%
Assets606,555.4-
Employees78,333-

Profits as a % of

Profit as % of Revenues1.9%
Profits as % of Assets0.4%
Profits as % of Stockholder Equity7.9%