Highlights of the Consolidated Results at 31st March 2012

• Total gross premiums € 19.8 bln (+6.1%), of which 75.2% outside Italy. Growth in both Life and Non-Life. 
• Aggregate operating result stable at € 1.2 bln, a return to the excellent levels of 1Q11. Strong increase in Non-Life (+3.8%) and financial services (+12.2%). Improved trend in Life operating result. 
• Net profit € 567 mln (€ 616 mln 1Q11), a strong recovery compared with the last three quarters of 2011 
• Shareholders’ equity increases to more than € 18 bln (+16.3%). Solvency I ratio rises to 133% (FY11: 117%). 
• Non-Life: High profitability with combined ratio at 95.4% (96.1% 1Q11) thanks to Italy and CEE countries 
• Life: Operating result € 819 mln (-4.2%), an improvement with respect to the second half of 2011 
• Financial services: operating result rises to € 126 mln (+12.2%)

 Moreover the Board of Directors :

• Approved the Sustainability Report
• Appointed Clemente Rebecchini and Claudio De Conto as directors . They were a appointed as new members, replacing Alberto Nicola Nagel and Francesco Saverio Vinci who have resigned their positions.

After the shareholders’ meeting, the Board of Directors of Assicurazioni Generali confirmed Mr.Gabriele Galateri di Genola as Chairman of the Board of Directors and as Chairman of the Appointments & Corporate Governance Committee and the Social & Environmental Sustainability Committee.

• Click here to open the press release : AGM approves 2011 Financial Statements
• Click here to open the press release : Board of Directors of Assicurazioni Generali confirms Gabriele Galateri di Genola as Chairman

 Highlights of the Full Year 2011 Results

• Net profit at € 856 mln (€ 1.7 bln FY10). Result impacted by net € 1,017 mln of one-off impairments, related principally to Greek government bonds and Telco
• Solid operating result at € 3.9 bln (€ 4.1 bln FY10). Strong growth in Non-Life result (+38.3%); Life result (-16%) reflects the lower financial margin
• Solvency 1 at 117% at end of 2011. Ratio up to 132% at 1 March 2012, mainly due to the narrowing of spreads on Italian government securities
• Per-share dividend at € 0.20 (€ 0.45 FY10)

The consideration for the transaction is € 835 million and will be settled entirely in cash. This corresponds to an implied premium of approximately 12.6% with respect to Migdal share price on the Tel Aviv stock exchange as of 6 March 2012.

The transaction should generate a capital gain of approximately € 103 million on a consolidated basis. As a consequence of the sale, the Solvency I ratio improves by approximately 2.4 percentage points.

The transaction will increase the liquidity of the available capital, as the Generali Group withdraws from a market which, in the last few years, has no longer been of core importance in its expansion strategy, which focuses on geographical markets with high growth potential and low insurance penetration, such as Eastern Europe, Asia and Brazil.  Click here to view the Press Release.

Promoted by the Generali Group and the ALTIS – Postgraduate School Business & Society of the Milan‟s Catholic University – “Generali Millennium” enhances technical and product competences to make a meaningful contribution to the quality of life of thousands of poor families in India. Click here to view the Press Release.