Press release at CONSOB request

18 December 2012 - 16:35 price sensitive

Trieste. At the request of CONSOB, Assicurazioni Generali said that, as part of its previously announced review of operations to achieve a stronger focus on its insurance business, it had begun a thorough analysis of its whole investment portfolio.

Therefore, on 14 December, the up-to-date valuations of some of the Private Equity and Alternative Funds investments were presented to the Risk and Control Committee and then to the Board of Directors, in order to begin the analysis of these assets’ valuation and of the current governance of the investment process. In particular, the investments of the Luxembourg fund and of the funds managed by VEI and Rhone have been discussed.

The analysis of this investment class shows that the possible economic and financial effects, which today cannot be measured precisely, would not have a significant impact on the Company’s capital position. The conclusive findings of the analysis will be presented to the Committee and, through the Committee, to the Board of Directors. As planned, similar analysis of all the other investment classes will be started.

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Generali is one of the largest global insurance and asset management providers. 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. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The 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.