Assicurazioni Generali is the parent company for The Generali Group (the Group), an insurance and financial services provider. The commercial offer is composed of savings and pure risks policies, which constitute the majority of the portfolio, which includes protection and pension funds. In the non-life sector the Group is focused primarily on the retail market. In addition, through the Europ Assistance Group, Co. is engaged in services in motor, travel, health, home and family. The Group has also expanded its business from insurance to a range of asset management, property and financial services.
  • TickerG
  • ISINIT0000062072
  • SectorNonlife Insurance
  • CountryItaly

Analysts

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2019

...

Benoit Valleaux

Generali : Operating trends remain favourable

>Robust growth of premiums - Generali released its Q3 2019 results yesterday morning. Gross premiums totalled € 51.4bn, up 3.2%, slightly ahead of expectations due to life insurance premiums that were slightly higher than expected. Life insurance premiums were up 2.8% over 9M 2019, i.e. +7.6% in Q3 alone, with an increase in premiums in France. In property & casualty, premiums rose 4.3% like-for-like.Good profitability of operating activities - Group ...

Benoit Valleaux

Generali : Les tendances opérationnelles restent bonnes

>Bonne croissance des primes - Generali a publié hier matin son RN aux 9M 2019. Les primes brutes se sont élevées à 51.4 Md€, en hausse de 3.2%, légèrement supérieures aux attentes grâce à des primes d’assurance vie un peu plus élevées que prévu. Ces dernières sont, en effet, en augmentation de 2.8% aux 9M, soit +7.6% sur le seul T3 avec une hausse des primes en France. En assurance dommages, les primes ont cru de 4.3%, en croissance soutenue.Bonne rentab...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - FR

UniCredit (Achat) : RN de €4,3mds sur les 9M-19 (versus €2,2mds un an avant), amélioration de la qualité d’actifs Generali (Achat) - 9M-19 : RN en hausse de +17% à €2,2mds ING (Achat): Emission d'un nouveau titre Tier 2  11NC6 AXA (Achat) - 9M-19 : CA de €79,7 mds (+5%) Coty (Achat) - T1-2019/20 : Résultat opérationnel de $155m (+10%) ArcelorMittal (Achat) - 9M-19 :  EBITDA de $4,3 mds (-48,6%) CNH Industrial (Achat) - 9M-19 :  EBIT de $1,5 md (-6,3%) Wirecard (Achat) - 9M-19 : EBITDA de €553m (+38,4%)

Assicurazioni Generali S.p.A: Semi-annual update

FINANCIAL INSTITUTIONS CREDIT OPINION 9 November 2017 Update RATINGS Assicurazioni Generali S.p.A Domicile Italy Long Term Rating Baa1 Type Insurance Financial Strength Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Benjamin Serra 33-1-5330-1073

Carine Maciol

Generali : A profitable and solvent insurer, attractive spreads, what else?

We remain convinced that the group is fundamentally moving in the right direction but we are maintaining a Stable credit opinion on Generali as the lion’s share of restructuring efforts are already reflected in profitability levels and credit ratings. These ratings remain capped by Italy’s sovereign rating, leaving little hope for a fresh upgrade in the medium term. - Both Generali’s bonds perpetual and dated bonds offer higher yields than those of peers, which we attribute to its Italian exposure. We are buyers of these bonds for the spread pick-up and the ongoing credit recovery. We think th...

Carine Maciol

Generali : Un assureur rentable et solvable, des spreads attractifs, what else ?

Nous restons convaincus que les développements vont fondamentalement dans le bon sens mais nous maintenons une opinion crédit Stable, car la majorité des effets de la restructuration est déjà reflétée dans la rentabilité atteinte et ont été pris en compte dans les notations des agences. Et ces dernières restent capées par la note de l’Italie, laissant peu d’espoir de nouvel upgrade à moyen terme. - Que ce soit en daté ou perpétuel, les obligations Generali proposent des rendements supérieurs vs ceux des comparables, ce que nous attribuons à son exposition à l’Italie. Nous sommes acheteurs de ...

Benoit Valleaux

Generali : Operating trends remain favourable

>Robust growth of premiums - Generali released its Q3 2019 results yesterday morning. Gross premiums totalled € 51.4bn, up 3.2%, slightly ahead of expectations due to life insurance premiums that were slightly higher than expected. Life insurance premiums were up 2.8% over 9M 2019, i.e. +7.6% in Q3 alone, with an increase in premiums in France. In property & casualty, premiums rose 4.3% like-for-like.Good profitability of operating activities - Group ...

Benoit Valleaux

Generali : Les tendances opérationnelles restent bonnes

>Bonne croissance des primes - Generali a publié hier matin son RN aux 9M 2019. Les primes brutes se sont élevées à 51.4 Md€, en hausse de 3.2%, légèrement supérieures aux attentes grâce à des primes d’assurance vie un peu plus élevées que prévu. Ces dernières sont, en effet, en augmentation de 2.8% aux 9M, soit +7.6% sur le seul T3 avec une hausse des primes en France. En assurance dommages, les primes ont cru de 4.3%, en croissance soutenue.Bonne rentab...

Benoit Valleaux

Generali : Operating profitability expected to remain in good shape

>Set to post further slight premium growth - Generali is due to report its 9M 2019 results on Thursday 7 November 2019 before the market. We forecast gross written premiums of € 50.574bn in 9M 2019, an increase of 1.7%e compared to 9M 2018, slightly below the consensus. We note that premium growth is undermined by changes in scope. It is expected to be stronger in P&C insurance (+3.3%e) than in life insurance, where the group is set to be under pressure from a decline...

Benoit Valleaux

Generali : Poursuite attendue d’une bonne rentabilité opérationnelle

>Poursuite attendue de la légère hausse des primes - Generali va publier jeudi le 7 novembre 2019 avant bourse son résultat net des neuf premiers mois de 2019. Nous prévoyons des primes brutes émises de 50 574 M€ au 9M 2019, en hausse de 1.7%e par rapport au 9M 2018, marginalement inférieures au consensus. Rappelons que la hausse des primes est pénalisée par des changements de périmètre. Celle-ci devrait être plus importante en assurance dommages (+3.3%e), qu’en assur...

Zhang Jun

Assicurazioni Generali S.p.A.

1 director sold

A director at Assicurazioni Generali Spa sold 105,407 shares at 17.687EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/01/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/11/2019

...

Benoit Valleaux

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/24/2019

...

With a more favourable environment, ASSICURAZIONI GENERALI improves to Slightly Positive

ASSICURAZIONI GENERALI (IT), a company active in the Full Line Insurance industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 10, 2019, the closing price was EUR 17.18 and its potential was estimated at EUR 18.04.

Expert Corporate Governance Service (ECGS)

Assicurazioni Generali - AGM 30 April 2019

The ECGS partners Proxinvest and Frontis Governance provide voting advice to Generali Investments. It is important to note that these partners do not provide consulting services to Generali Group. Voting advice is provided primarily as a source of information at general meetings. In item 4 (EGM), the Board proposes to eliminate the age limits for the Board members (70 years for the Chairperson, 65 for the CEO and 77 for other Directors). Although their elimination would allow higher flexibility in the definition of the Board composition, we believe that the application of age limits may help ...

Assicurazioni Generali SPA – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Analyse court terme - GENERALI ASSICURAZIONI : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 14,485 € prochainement. Le prochain objectif est à 13,764 €, puis 13,480 €. Le franchissement de 16,227 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - GENERALI ASSICURAZIONI : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €14.485. The next target is at €13.764, then €13.480. Passing €16.227 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - GENERALI ASSICURAZIONI : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 14,485 € prochainement. Le prochain objectif est à 13,764 €, puis 13,480 €. Le franchissement de 16,227 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - GENERALI ASSICURAZIONI : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €14.485. The next target is at €13.764, then €13.480. Passing €16.227 would question the continuation of the fall.

Valérie GASTALDY

Medium term view - GENERALI ASSICURAZIONI : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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