Generali sets new three year strategic targets, shares in European insurance focus

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-23, 12:51.

Assicurazioni Generali S.p.A. (IT0000062072) recently presented its 2025-2027 strategic and financial targets, confirming its position among leading European insurers such as Allianz and Axa as covered by Euronext and Borsa Italiana. The group aims for earnings growth, higher dividends and disciplined capital deployment, according to its latest strategic update and investor materials.

What Generali targets for 2025-2027

According to Generali’s latest strategy presentation, the company is targeting average annual growth in earnings per share between 6 percent and 8 percent over the 2025-2027 period, supported by both insurance and asset management activities. The group also plans to distribute cumulative dividends in a range of 18.5 billion to 19.5 billion euros over these three financial years, subject to regulatory approvals.

In addition, Generali highlights a focus on profitable growth in property and casualty and on expanding its fee-based businesses. The company intends to maintain a Solvency II ratio within its target range, which historically has been comfortably above 200 percent, as emphasized in recent investor materials and European sector commentary.

How the strategy fits the European peer group

In the European insurance sector, peers such as Allianz and Axa have also set multi-year guidance for earnings growth and capital returns, seeking to balance shareholder distributions with regulatory capital strength, as reported by Reuters in recent coverage of the sector. Generali’s dividend ambitions and earnings growth targets are broadly consistent with this trend of emphasizing predictable cash returns and robust solvency metrics.

Analyst and market commentary on large European insurers often focuses on capital generation capacity, sensitivity to interest rates and exposure to natural catastrophe losses, with Generali positioned alongside Allianz, Axa and Zurich Insurance in sector comparisons. In this context, the Italian group’s strategy aims to demonstrate that it can sustain attractive returns and maintain balance sheet resilience in a competitive and regulated environment.

Where Generali earns its money

Generali generates most of its revenue from life and property and casualty insurance, complemented by an asset and wealth management segment and various service activities. Life insurance products, savings and protection policies are distributed through tied agents, brokers and bancassurance partners in Italy, France, Germany, Central and Eastern Europe and other markets.

Where the shares trade today

The Generali shares (IT0000062072) trade on Borsa Italiana in Milan, with prices quoted in euros and the company included in the FTSE MIB index as one of Italy’s largest listed financial groups. At the last available close before this report, the shares changed hands at around 23 euros on the Milan exchange according to recent market data.

This text is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or any other form of financial guidance. All data and estimates are based on sources considered reliable, but accuracy and completeness cannot be guaranteed.