Finance
Generali to Pay Out Over €7 Billion in Dividends by 2027
- Insurer commits to buy back at least €1.5 billion in shares
- CEO says Generali will keep ‘financial discipline’ in M&A
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Assicurazioni Generali SpA plans to return more than €7 billion ($7.3 billion) in dividends and buy back at least €1.5 billion in shares by 2027, as Chief Executive Officer Philippe Donnet pursues growth in asset management and high-margin insurance.
Italy’s biggest insurer pledged to increase shareholder payouts by about 30% in the three years through 2027 compared to the previous period, according to the company’s new strategic plan released on Thursday. Generali targets an annual dividend growth rate above 10% and in addition, it commits to at least €500 million in annual share buybacks, with the amount to be assessed at the start of each year.