Established in 1831, it is present in over 50 countries in the world, with a total premium income of €82.5 billion in 2023. With almost 82,000 employees serving 70 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America.
Generali 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.
Figures as of December 31, 2023
In recent years, we have been through a major strategic reorganisation that has allowed us to bring in greater focus on our core business, greater discipline in the management of our assets, and simpler, more transparent governance. This process has led us into a new phase, based on more efficient business models, innovative commercial strategies, and a stronger, more global brand.
Sustainability is the originator of our strategy
At Generali, everything we do is based on the notion that true economic prosperity can be achieved only if it is built on socially just and environmentally sound foundations. That’s why sustainability is the originator of our strategy: it means fostering financial performance while considering people and planet, acting for the common good to build a more resilient and just society. In short, it is about living our purpose: “to enable people to shape a safer and more sustainable future by caring for their lives and dreams”. In order to create long-term sustainable value, we identify four responsible roles to play as investor, insurer, employer, and corporate citizen.
We aim at fully integrating ESG criteria into our investment choices, reducing greenhouse gas emissions from the investment portfolio to net-zero by 2050, and increasing our new green and sustainable investments, including the Fenice 190 investments to support the EU Recovery.
We provide insurance solutions with ESG components, reducing greenhouse gas emissions from underwriting portfolio to net-zero by 2050, and supporting the sustainable transition of small and medium-sized enterprises (SMEs) through the SME EnterPRIZE project.
In the framework of our People Strategy, we promote diversity, equity and inclusion, upskilling our people, nurturing talent, and implementing sustainable ways of working. Our commitment to the environment and climate includes measuring, reducing and reporting the carbon footprint resulting from our own direct operations.
We act to unlock the potential of people living in vulnerable circumstances through the global initiatives of The Human Safety Net Foundation, a social innovation hub powered by Generali’s skills and international network.
The Lifetime Partner 24: Driving Growth strategic plan sets out a clear vision for Generali in 2024 and is built on three strategic pillars: drive sustainable growth, enhance earnings profile, and lead innovation.
The bedrock of the plan is our ongoing commitment to being a Lifetime Partner to our 70 million customers in over 50 countries.
Investments in personalised products, digitally-enabled advice and a best-in-class customer experience will see Generali and its global network of 164,000 agents get even closer to customers.
We will go further in our sustainability commitments during this strategic cycle, with a continued focus on making a positive social, environmental and stakeholder impact. In addition, we will continue to invest in our people to ensure they are engaged with the successful delivery of the new plan while fostering a sustainable work environment.