Generali completes the disposal of Fata Danni to Cattolica

11 June 2014 - 12:18 price sensitive

Trieste. Generali announces that the 100% disposal of Fata Assicurazioni Danni to Cattolica was finalised today, in line with the agreement of the 20th November 2013.                                                       

The price adjustment procedure led to a transaction worth a total of €194.7 million before taxes, thus allowing the Generali Group to further strengthen its cash and capital position and to improve the Solvency I ratio by 0.7%.

Generali Group

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Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 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.

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