Assicurazioni Generali

M&A Activity • Mar 1, 2024

Informazione Regolamentata n. 0018-9-2024	Data/Ora Inizio Diffusione 1 Marzo 2024 19:09:32		Euronext Milan
Societa'	:	ASSICURAZIONI GENERALI
Identificativo Informazione Regolamentata	:	186793
Utenza - Referente	:	ASSGENERN06 - CATALANO
Tipologia	:	REGEM; 3.1
Data/Ora Ricezione	:	1 Marzo 2024 19:09:32
Data/Ora Inizio Diffusione	:	1 Marzo 2024 19:09:32
Oggetto	:	Generali completes disposal of TUA Assicurazioni to Allianz
Testo del comunicato

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01/03/2024 PRESS RELEASE

Generali completes disposal of TUA Assicurazioni to Allianz

Milan – Generali has completed the disposal of TUA Assicurazioni S.p.A. to Allianz.

The transaction is aligned with the implementation of the Group's "Lifetime Partner 24: Driving Growth" strategy in Italy to pursue profitable growth, reduce complexity with the aim of making its operating machine more efficient and to increase P&C diversification.

The transaction generates a positive impact of around € 50 million on the net profit, and a neutral effect on the normalized net profit, adding approximately 1 p.p. to the Group Solvency II position.

Mediobanca – Banca di Credito Finanziario S.p.A and Rothschild & Co acted as financial advisors and law firm Gianni & Origoni acted as legal advisor for the transaction.

THE GENERALI GROUP

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 81.5 billion in 2022. With 82,000 employees serving 68 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali's strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.

Investor Relations T +39.040.671402 ir@generali.com

Fine Comunicato n.0018-9-2024	Numero di Pagine: 3