The insurer expects earnings per share to grow by up to 8 percent.
Despite the severe corona crisis, the Italian insurance group Generali is confirming its strategy and sticking to its goal for 2021. Generali expects earnings per share to grow between 6 and 8 percent. An increase in the dividend is also planned.
One year ahead of schedule, the group achieved its goal of reducing debt by EUR 1.9 billion. By the end of 2021, expenses in the order of 100 million euros are to be reduced, Generali announced on Wednesday.
Generali has decided on strategies to limit the negative effects of the pandemic, focusing on diversification. Several initiatives have been taken to support customers and shareholders. In addition, a fund worth 100 million euros was set up to limit the effects of the corona. In the next year, the group intends to focus more on asset management and digitization.
“Generali is dealing with the most serious global crisis since the post-war period by paying attention to its strengths: the disciplined implementation of the group strategy, the focus on top quality, a strong sales network and a diversified business model,” said Generali CEO, Philippe Donnet.