Generali Closes Takeover of Chinese Property, Casualty Insurance Unit
Italy’s Generali has finalized the acquisition of a Chinese property and casualty insurance unit. This strategic move underscores Generali’s continued expansion and investment in the Asian insurance market. The deal, reported on March 25, 2025, will likely bolster Generali’s presence and market share in China.
Generali’s Financial Performance and Market Data
Assicurazioni Generali S.p.A., the largest Italian insurance group, reported a series of financial highlights recently. Real-time data from Borsa Italiana indicated a stock price of 32.63 EUR with a +0.93% change on March 25, 2025. The year-to-date change is +19.66%.
The company’s gross earned premiums break down across two main activities:
- Life insurance (62.3%)
- Non-life insurance (37.7%): This includes automobile insurance, commercial and industrial insurance, and personal and accident-health insurance.
Generali also manages significant assets, with EUR 655.8 billion in assets under management at the end of 2023. Furthermore, the group has established a banking arm, Banca Generali, and is involved in real estate management.
Asset Management and Analyst Ratings
Generali’s asset management activities are noteworthy. The company is launching an asset management firm specializing in private equity, demonstrating its commitment to diversified financial services.
Here’s a summary of analyst ratings and consensus, as of the latest available data:
- Analyst Consensus: HOLD
- Number of Analysts: 17
- Last Close Price: 32.33 EUR
- Average Target Price: 29.75 EUR
- Spread / Average Target: -7.99%
Recent News and Market Activity
Recent news and market activities further shape the context surrounding Generali:
- March 25, 2025: Generali completed the acquisition of Generali China Insurance.
- March 19, 2025: Allianz, BlackRock, and Hannover Re were involved in a consortium to acquire Viridium from Cinven in a deal valued at approximately EUR 3.5 billion.
Conclusion
Generali’s strategic moves towards acquiring the Chinese insurance sector and its strong financial performance reflect its growth strategy. Analyst ratings provide insights into current market perception, making Generali a key player in the insurance world.
