Being a life-time partner to customers, offering innovative, personalized solutions thanks to an unmatched distribution network
Leading the European insurance market for individuals, professionals and SMEs, while building a focused, global asset management platform and pursuing opportunities in high potential markets
STRENGTHEN LEADERSHIP IN EUROPE
reinforce #1 market position9
FOCUS ON HIGH POTENTIAL INSURANCE MARKETS
15%-25% earnings CAGR 2018-2021 depending on country/segment
DEVELOP GLOBAL ASSET MANAGEMENT PLATFORM
15%-20% earnings CAGR 2018-2021
INCREASE CAPITAL GENERATION
> € 10.5 billion cumulative capital generation 2019-2021
ENHANCE CASH REMITTANCE
+35% cumulative cash remitted to holding 2019-2021 compared to period 2016-2018
REDUCE DEBT LEVEL AND COST
€ 1.5-2.0 billion debt reduction by 2021;
€ 70-140 million reduction in annual gross interest expense by 2021 vs 2017
BECOME LIFE-TIME PARTNER TO CUSTOMERS
ENABLE DIGITAL TRANSFORMATION OF DISTRIBUTION
TRANSFORM AND DIGITALIZE OPERATING MODEL
about € 1 billion total investment in internal strategic initiatives 2019-2021
Generali 2021 – Financial Targets
9 Based on IAS-IFRS gross written premiums in Europe at year-end 2017.
10 3 year CAGR; adjusted for impact of gains and losses related to disposals.
11 Adjusted for impact of gains and losses related to disposals.
12 Based on IFRS Equity excluding OCI and on total net result.
Three key enablers which will drive the execution of the strategy: