Meanwhile, premiums in Italy fell (-7%), particularly in the third party liability segment, which posted a decline in average premiums and in the portfolio, also due to the lower volume of new business during the lockdown, and in Germany (-1.2% largely due to less new production as a result of the pandemic). Generali, which earlier this year saw off takeover interest from Intesa Sanpaolo, plans to increase its assets under management by just over a tenth to €500bn. The operating result stood at € 1,302 million (€ 1,121 million 1H19). Click here for more information. Natixis Investment Managers is the second largest asset manager in Europe with close to $1,100 billion in assets under management. Claudius was CRO at Generali Deutschland from 2007 and R+V Group from 2012, where he led the integration of R+V’s risk management function with that of DZ Bank Group. With regard to technical profitability, to date, the impact has been insignificant. For the Life business, the operating result was impacted (-15%) notwithstanding the positive trend of the technical margin net of insurance operating expenses. The adjusted net profit amounted to € 957 million (€ 1,310 million 1H19); this does not include the impact of the gains and losses on disposals of € -183 million resulting from the settlement agreement with BTG Pactual, which ended the arbitration for the sale of BSI (€ 479 million 1H19, relating to the sale of Generali Leben and the Belgian businesses). The performance in France (+1.8%) was also positive, thanks to the contribution of new partnerships and of the fleets segment, and the Americas and Southern Europe (+10.5%) following rate adjustments for inflation. Registered & Corporate Office Address: Future Generali India Life Insurance Co. Ltd, Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. As soon as this statistic is updated, you will immediately be notified via e-mail. The Covid-19 pandemic had impacts on the Group’s various business segments. Protection products were down slightly (-0.7%), posting varying performances. Generali responded to the changed operating environment by increasing its range of products with new coverage and services, adapting terms and conditions in an effort to manage the lockdown environment. Directly accessible data for 170 industries from 50 countries Coherent with its ambition to be Lifetime Partner and its commitment to sustainability, the Group has implemented a series of measures to support its employees, its customers, its agents and the communities where it is present. With over 72,000 employees and 66 million customers, it has operations in 50 countries with significant presence in Western Europe, Germany, Spain, France, Austria and Switzerland, and a growing presence in Latin America and Asia. The Combined Ratio improved to 89.5% (91.8% 1H19), driven by the improvement in the non-catastrophe current year loss ratio recorded in the motor business in all major countries in which the Group operates, and also related to the impact of lockdown restrictions which changed customer behaviours. The Group’s net result was impacted for € 226 million of net impairments on investments caused by the financial markets performance. The significant boost of monetary and tax policies will likely help mitigate, but not fully offset, these dynamics. Italy’s biggest insurer said it aims to increase annual profits from €84m last year to €300m by the end of 2020 and expand assets under management to €500bn. ... Investment Strategy at Manulife / John Hancock where she developed investment strategies for insurance businesses with assets under management exceeding CAD 100 billion. Read more Europ Assistance was down (-27.1%), with premiums impacted by the pandemic, especially in travel insurance. Excluding the one-off expense of the Extraordinary International Fund for Covid-19, the adjusted net profit was € 1,032 million (-21.2%). Signed a Memorandum of Understanding between Generali and Eurochambres, the European organization of Chambers of Commerce and Industry, under which they agreed to cooperate so as to promote and implement a potential ‘Pandemic Risk Pool’ against future pandemic risks. Life net inflows totalled € 7,005 million (-4.9%) following the performance in France, due to lower premiums and higher surrenders, the latter also witnessed in Germany. Premiums in the P&C segment rose to € 11,833 million (+0.9% on equivalent terms). Chart. The Group’s net result amounted to € 774 million compared to € 1,789 million in the first half of 2019 (-56.7%). Learn more about how Statista can support your business. Profit from additional features by authenticating your Admin account. Milan. Future Generali India Life Insurance Company Limited (IRDAI Registration no. The Combined Ratio was 89.5% (-2.3 pps). Protection policies were only partially affected thanks to the rise in the demand for insurance coverage by customers. With regard to overall claims, following the decrease witnessed in the months of lockdown, uncertainty for the rest of the year still remains. 3The adjusted net profit does not include the impact of the gains and losses on disposals, amounting to € -183 million at 1H20, resulting from the settlement agreement for the sale of BSI (€ 479 million 1H19, relating to the sale of Generali Leben and the Belgian businesses). The Group had total Assets Under Management of € 623.2 billion, a decrease of 1.1% compared to 31 December 2019, following the decline in the value of assets, due to the performance of financial markets in the period, as well as the decrease in value of third-party Assets Under Management. Premiums in the P&C segment rose to € 11,833 million (+0.9% on equivalent terms) due to growth of the non-motor line (+1.7%) witnessed in all countries in which the Group operates. Below is a list of the top 50 asset management firms ranked by global AUM. Generali is on track to achieve all its 2018 financial and industrial targets. One of the Group’s key priorities was to support the communities impacted by Covid-19 through the Extraordinary International Fund and other initiatives. Considering these circumstances, it is estimated that the Group’s operating result was negatively impacted for approximately € -84 million as result of the Covid-19 pandemic. This will allow Generali to maintain its presence in the region with the aim to further reinforce it and to continue to pursue its strategy of sustainable growth and excellence in service." The improvement in the P&C business (+16.2%) is thanks to the increase of technical profitability and to the positive contribution of € 56 million from the new acquisition of Seguradoras Unidas in Portugal. The savings business posted a decrease in new business and a rise in surrenders. its asset management strategy. : U66010MH2006PLC165288). The tax rate rose from 31.5% to 38.5% following the greater impact of non-deductible expenses. 0.23% TIAA Global Asset Management; 0.21% Rothschild & Cie Banque Gestion; Notable employees. Marg, Vikhroli (W), Mumbai – 400083. Significant events that occurred in the period, as well as the glossary, which also includes a description of the alternative performance indicators, are available in the Consolidated Half- Year Financial Report 2020 of the Generali Group. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information From 2005 … Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Its core business is asset management i.e the realization of financial returns depends on the structure of the managed portfolios. The total of Assets Under Management from the segment was € 527 billion at 30 June 2020. Legal & General Investment Management is one of Europe’s largest asset managers, offering investment solutions to a broad range of clients globally. Axel started his career in asset management. This statistic is not included in your account. Generali undertook measures to protect its customers in all countries - in particular, in the motor line - and will continue to implement them in the second half of the year. The contribution of interest on financial debt was positive, driven by the debt reduction strategy launched in 2019 and which is continuing in 2020. Europe . New, Insights into the world’s most important health markets, Find studies from all around the internet. The ideal entry-level account for individual users. With regard to the P&C segment, new production and renewals were particularly impacted from March until June; a decline in premiums in the motor line, businesses and SMEs was posted, due to the effects of the lockdown. This performance was largely due to the increase in operating revenues to € 421 million (+16.8%) thanks to the positive contribution of the multi-boutiques platform and to disciplined cost management, with a cost/income ratio almost stable at 48%, with an operating margin at 52%, well above the strategic target of 45%. Roma, 12 nov 2020 08:18 - (Agenzia Nova) - Al 30 settembre 2020 Generali registra Asset under management complessivi di parti terze per 160,576 miliardi di euro con un calo dello 0,8 per cento: nonostante la volatilità dei mercati finanziari, il miglioramento rispetto al primo semestre riflette la positiva raccolta del terzo trimestre. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Considering the result for the period of € 774 million, the reduction is due to the decrease in the reserve for unrealized gains and losses on available for sale financial assets of € 1,133 million - mainly attributable to the performance of bonds - as well as to the dividend for a total of € 1,513 million, the first tranche of which was paid in May. There were indirect effects taken into account as well, for which it was necessary to estimate the degree to whitch their impact was due to Covid-19. Generali also successfully launched a focused asset management strategy in 2017, with €487 billion in Assets Under Management. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. In a scenario where the gradual elimination of restrictive measures by the various countries hit by the pandemic is expected, global GDP is predicted to reach record lows in the second quarter of the year, with a decrease of over 5%, while unemployment is expected to rise. Motor claims posted a decline in March while the non-motor business showed higher costs for some lines (due, for example to the reimbursement of cancelled trips). Gross written premiums in the Life segment grew to € 24,645 million, up by 1.3% compared to the first half of 2019. 190 years of experience managing the real estate portfolio of the Generali Group. The Utmost Group now has over £33bn in assets under administration and over 240,000 customers. The modest increase (+0.7% at constant scope) was impacted by the decrease of the unit-linked component, which reflects the performance of the financial markets. Savings products in the main areas in which the Group operates were down (- 13.8%), primarily in France (-48.9%) due to the shift towards more profitable unit-linked products, and in Italy (-11.9%), while the performance was partly offset by the good results posted in Germany (+33.3%). Generali Investments Luxembourg S.A. (“GIL”), part of the Generali group, is a Luxembourg based management company authorized under Chapter 15 of the Law of 17 December 2010 relating to Undertakings for Collective Investments in Transferable Securities (UCITS) as well as an Alternative investment fund manager authorized under the Law of 12 July 2013 on alternative investment fund … Asset management unit to broaden investment capabilities and enlarge product offering to reach €500bn of assets under management by 2020. More specifically, non-motor premiums in Italy rose (+6.2%), benefitting from rising demand in the accident and health segment, the positive performance of corporate lines and from assistance policies linked to Covid-19 for the business segment. The operating result of the Asset Management segment reached € 219 million, up by 17.9% compared to the first half of 2019. Generali Investment Luxembourg S.A. (GIL), is an asset management company under Luxembourg law. Gross written premiums for the Group amounted to € 36,478 million, up 1.2% as a result of the development of both business segments. As such, the Generali Group, thanks to its business mix and diversification, foresees that its operating result continues to be resilient in 2020, even though probably lower than in 2019. Germany’s performance was positive (+2.8%), where both the premiums of unit-linked products and of savings products rose, as was ACEER (+0.3%). Generali. It is estimated that the P&C business was positively impacted for € 87 million: the higher number of claims directly linked to the pandemic and lower current income were more than offset by the fewer claims registered in the first six months of the year as result of the lockdown in the main countries where the Group operates. Launch of the first global advertising campaign, in three stages: the first focused on agents; the second dedicated to the brand, and the third focused on key products and hallmarks in 2021. Generali will therefore continue to implement its strategy: the strong brand, underpinned by the Group’s first global advertising campaign, the disciplined approach in underwriting and the digital transformation are and will be its main distinctive characteristics. New, Figures and insights about the advertising and media world, Industry Outlook New, Everything you need to know about the industry development, Health Market Outlook You can only download this statistic as a Premium user. Further, we continued to execute our Generali 2021 strategy in a disciplined and effective manner while also pursuing sustainable growth. The Manager in charge of preparing the company’s financial reports, Cristiano Borean, declares, pursuant to paragraph 2, article 154 bis of the Consolidated Law on Finance, that the accounting information in this press release corresponds to the document results, books and accounting entries. In Statista. Future Generali India Life Insurance Company Limited is a joint venture between three leading groups: Future Group – A leading retailer in India, Generali Group- A global insurance group that features among top 50* smartest companies in the world and Industrial Investment Trust Limited (IITL) – A leading investment company. Assets under management (AUM) of Italian insurance Group Generali from 2014 to 2019 (in billion euros) [Graph]. Generali. For the new issue, orders corresponding to € 4.5 billion were received, over seven times the offer, from a highly diversified base of over 350 international institutional investors, including a significant presence of funds with green/SRI mandates. European Presence; ... More than €32 bn in assets under management aS OF YEAR end 2020. The consequences of the virus in the health, social, political and economic spheres will continue to be subject to great uncertainties. Further, the impacts of the Covid-19 pandemic on the Group’s results, with reference to all the segments in which the Group operates, were estimated taking into account the direct effects coming from Covid-19. The operating result of Asset Management increased from € 261 million in 2017 to € 335 million in 2018 (+28.2%). The Generali 2021 strategy will continue the evolution of the business and is centered around four key differentiating convictions: facts. Generali’s ambition is to be the Lifetime Partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network. The rise in unit-linked products in Italy, which benefitted from the above- mentioned collective pension fund, more than offset the reduction in volumes caused by the current Covid-19 pandemic. Please select your location. Data prior to 2019 from earlier publications by the source. Compared to 224% at year-end, the 30 pps decline was due to the negative impact of market variances (-26 pps) relating to the Covid-19 pandemic and to the regulatory changes (-4 pps) implemented at the beginning of the year (EIOPA change on the Ultimate Forward Rate and the treatment of the IORP business in France). travel expenses, event expenses, etc.). Generali Investments CEE has over €11bn of assets under management in the Czech market and total assets under management in the CEE Region in excess of €16.1bn. The net profit of the Asset Management segment stood at approximately € 164 million (+23.0%). The improvement is the result of the fall of the non- catastrophe current year loss ratio posted in the motor business in all major countries in which the Group operates; it is also due to the effects of lockdown restrictions. At a meeting chaired by Gabriele Galateri di Genola, the Assicurazioni Generali Board of Directors approved the 2020 Consolidated Half-Year Financial Report of the Generali Group. Reto Arrigoni has been named as global head of casualty underwriting. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. With over 72,000 employees and 66 million customers, it has operations in 50 countries with significant presence in Western Europe, Germany, Spain, France, Austria and Switzerland, and a growing presence in Latin America and Asia. Register in seconds and access exclusive features. "Assets under Management (Aum) of Italian Insurance Group Generali from 2014 to 2019 (in Billion Euros). Generali Investment Holding SpA , which acts as a holding company, holds the share capital of the Boutiques and of the Legal Entities such as GIAM, GIP, GIL It provides a wide range of services to support the asset management activities. Generali Investments Partners (GIP) is a new Italian asset management company aimed at being the business unit’s growth in terms of number of third party clients and assets under management. If you want to learn more or prefer to withdraw consent for all or some of these cookies read our Cookie Policy. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook With the view to mitigate the impact of the forecast reduction of revenues (volumes and financial income), Generali will continue its commitment to reduce its cost base. In terms of business lines, the unit-linked segment posted a noteworthy increase (+46.1%) thanks to a rise in new business in all areas, in particular due to the contribution of the above-mentioned pension fund in Italy. The midfield is where major decisions are taken between defence and attack. His success is shown by its performance. 4Generali won the mandate for the management of two investment segments of Cometa, the National Supplementary Pension Fund for workers in the engineering industry, the installation of industrial plants and similar sectors and for employees in the goldsmith and silversmith sector. Life net inflows were € 7,005 million (-4.9%) due to lower premiums and higher surrenders in France, as well as higher surrenders in Germany. Information note and consent regarding cookies - This website uses its own technical cookies and third party cookies (technical and profiling) in order to improve your browsing experience and provide you a service in line with your preferences. This performance was underpinned by the positive trend of unit-linked products (+35.8%), which benefitted from the above-mentioned collective pension fund. Show publisher information. Assets Under Management - AUM: Assets under management (AUM) is the total market value of assets that an investment company or financial institution manages on behalf of investors. Launch of the first global advertising campaign, Signed a Memorandum of Understanding between Generali and Eurochambres, Before Taking Out a Life Insurance Policy, Before Taking Out a Property and Casualty Policy, Insurance Product Distribution and Claims Management, Insurance Products with social and environmental value, Incorporating ESG issues into investments, Active ownership: engagement and proxy voting, Commitments to the environment and climate, Green offices: energy, use of resources and waste, Corporate Governance, social and environmental Sustainability Committee, Consolidated Half- Year Financial Report 2020, Consolidated Results as of 30 June 2020 – Press Release, Operating result of € 2.7 billion, with an increase in the P&C and Asset Management businesses, supported also by recent acquisitions, and in the Holding and other businesses, which offset a decrease in the Life segment. BlackRock Inc, headquartered in New York City, is the world's largest asset manager serving individual investors, companies, governments, and foundations through over 80 … The technical margin net of insurance operating expenses improved mainly thanks to the performance witnessed in Germany. Thank you, the generali.com team. Con quasi 72 mila dipendenti nel mondo e 65,9 milioni di clienti, il Gruppo vanta una posizione di leadership in Europa ed una presenza sempre più significativa in Asia e America Latina. By so doing, Generali strengthened its profitability and resilience in the face of market fluctuations and was able to improve customer loyalty and the degree of preference for the brand. (April 6, 2020). The expense ratio also improved (27.9%; -0.7 pps) reflecting the decline in the acquisition component, mainly linked to the motor business line. Natixis Investment Managers is the second largest asset manager in Europe with close to $1,100 billion in assets under management. © Assicurazioni Generali S.p.A. - FISCAL CODE 00079760328 AND GROUP VAT NO. The operating result of Asset Management increased from € 261 million in 2017 to € 335 million in 2018 (+28.2%). : U66010MH2006PLC165288). The operating result of Asset Management increased from € 261 million in 2017 to € 335 million in 2018 (+28.2%). With regard to the main countries in which the Group operates, Italy (+14%) benefitted from the performance of protection products and, to a greater extent, from unit-linked products, thanks to the above-mentioned pension fund. The deterioration of the other operating components is due to costs related to the reorganisation of the German businesses. Retrieved April … The very positive normalized capital generation, net of the accrued dividend calculated on a pro rata basis compared to the full dividend of 2019, contributed more than 6 pps thanks to the positive effect from the Life and P&C segments. Generali Group CEO Philippe Donnet commented: “The performance in the first half of the year confirms the validity of the Group’s strategy, the solidity of its business model and Generali’s technical excellence which enabled us to face these unprecedented circumstances. Accessed April 12, 2021. https://www.statista.com/statistics/938801/assets-under-management-of-generali-group-italy/, Generali. Companies on the Italian insurance market 2011-2019, Leading non-life insurance firms by gross written premiums market share in Italy 2017, Motor insurance gross direct premiums written in Italy 2013-2019, Motor insurance claims paid on the Italian market 2004-2019. Figures as at September 1, 2017 Assets under Management With more than 72 thousand employees serving 65.9 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. That effect was largely offset by the acquisition of Seguradoras Unidas and AdvanceCare in Portugal and by extraordinary variances in the period (the agreement to settle the arbitration for the sale of BSI and the establishment of the Extraordinary International Fund for the Covid-19 emergency).