Annual General Meeting 2025

On April 24^th, the ordinary and extraordinary Annual General Meeting (AGM) of Assicurazioni Generali was held under the chairmanship of Andrea Sironi. As is tradition, the Meeting took place in Trieste, where the Company was founded in 1831. For the first time since the pandemic, the event saw the physical presence of shareholders and was held in the Generali Convention Center.

“It is not easy to describe the great emotion in being here physically with all of you,” commented the Chairman Andrea Sironi. “In almost two centuries of history, our decisions have enabled us to grow, consolidate and establish ourselves in Europe and the world as the largest Italian multinational. In Italy, we have always supported economic and social development, protected savings, promoted our historical and artistic heritage, and created value for customers, shareholders, employees, agents and for the entire country. I would like to conclude with a wish for the future of Generali: let us continue to look ahead, building tomorrow with commitment and responsibility. And with the strength of an Italian, international group that has always been independent,” he said before leaving the floor to the Group CEO and Group CFO.

“I would like to sincerely thank Chairman Sironi for leading the outgoing Board with the utmost skill, professionalism and independence. I am also thankful to all the directors for ensuring a constructive and respectful dialogue with our management team”, said Generali Group CEO Philippe Donnet. “Today, Generali is the strongest it has ever been. Last month, we presented our 2024 financial results, which we are submitting for your approval today and which were excellent once more. Underpinned by the important results achieved over the last nine years, I am convinced that Generali will be even more successful going forward, and I am confident that ‘Lifetime Partner 27: Driving Excellence’ is the best possible strategy to achieve this.”

“Generali achieved excellent results and successfully executed the ‘Lifetime Partner 24: Driving Growth’ strategic plan, overdelivering against our financial targets. This achievement is even more significant if we consider the difficult external context of recent years. This confirms Generali’s excellent performance with further growth in premiums, thanks to significant increase in Life and P&C segments, record operating and adjusted net results, growing cash generation, and solid capital position,” commented the Group CFO Cristiano Borean in conclusion to his report on financial statements and asset management. “I also want to address all our people for the commitment, dedication and heart shown again in 2024. To them, who are the true strength of our Lion, and their families, I express my most sincere thanks.”

The AGM approved the 2024 Financial Statements and appointed a new Board of Directors to hold office for three financial years, that is, until approval of the financial statements for the year 2027.

• The list presented by Mediobanca – the majority list – obtained 52.383% of votes.
• The list presented by the shareholder VM2006 – the first minority list – obtained 36.852% of votes.
• The list presented by several UCIs under the aegis of Assogestioni – the second minority list – obtained 3.670% of votes.

From the majority list, the following have been elected: Andrea Sironi (indicated as independent Chairman), Clemente Rebecchini, Philippe Donnet (indicated as Managing Director), Luisa Torchia, Lorenzo Pellicioli, Clara Furse, Antonella Mei-Pochtler, Patricia Estany Puig, Umberto Malesci, Alessia Falsarone.

From the first minority list, the following have been elected: Flavio Cattaneo, Marina Brogi, Fabrizio Palermo.

In addition, the AGM approved:

• the integration of the Board of Statutory Auditors with the appointment of an alternate Auditor for the financial year ending on 31 December 2025;
• the Report on the Remuneration Policy, also expressing a non-binding positive resolution on the Report on payments;
• the Group's Long Term Incentive Plan (LTIP) 2025-2027, authorising the purchase and disposal of a maximum number of 10 million and 500 thousand treasury shares to serve the 2025-2027 LTIP;
• the Share Buyback Programme for the purpose of cancelling own shares as part of the implementation of the 2025-2027 strategic plan, for a maximum total disbursement of € 500,000,000.00 and for a maximum number of shares corresponding to 2% of the Company's share capital.