Assicurazioni Generali S.p.A. (ASG)

Profile

https://www.generali.com

Assicurazioni Generali S.p.A. is one of the largest integrated insurance and asset management groups worldwide, founded in 1831 and headquartered in Trieste, Italy. As Italy's leading insurer and third-largest in Europe by revenue, it operates in over 50 countries through more than 400 companies, serving approximately 71 million customers with around 87,000 employees. The group focuses on three core pillars: life insurance (62.1% of revenues), providing savings, protection, and unit-linked products; non-life insurance (37.9%), covering motor liability, property, casualty, accident, health, and commercial risks; and asset management, overseeing €863 billion in assets as of end-2024. Notable subsidiaries include Generali Italia, managing 11 million customers and €28 billion in premiums; Banca Generali for private banking; and Generali Real Estate, owner of Milan's CityLife complex featuring the Zaha Hadid-designed Generali Tower. Recent expansions encompass acquisitions like Conning in 2023, boosting assets under management to €775 billion, and a 2025 joint venture with Groupe BPCE targeting €1.9 trillion. With a history of international growth from its Austro-Italian origins, Assicurazioni Generali S.p.A. maintains leadership in Europe while expanding in Asia and Latin America, emphasizing innovation through digital services like Genertel and IoT solutions.