Assicurazioni Generali (ARZGY) AI Stock Analysis

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Assicurazioni Generali

(OTC:ARZGY)

Rating:80Outperform

Price Target:

$22.00

▲(12.70% Upside)

Assicurazioni Generali's strong earnings performance and technical momentum are the primary drivers of the stock's high score. The company's robust financial health and attractive valuation further support the positive outlook. While there are challenges in specific markets, the overall sentiment remains favorable.

Assicurazioni Generali (ARZGY) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$60.17B

Dividend Yield4.13%

Average Volume (3M)2.24K

Price to Earnings (P/E)14.4

Beta (1Y)0.39

Revenue Growth-0.06%

EPS Growth9.93%

CountryUS

Employees86,851

SectorFinancial

Sector Strength78

IndustryInsurance - Diversified

Share Statistics

EPS (TTM)0.85

Shares Outstanding3,099,569,800

10 Day Avg. Volume1,670

30 Day Avg. Volume2,238

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market Cap1.70

Enterprise Value/Revenue1.93

Enterprise Value/Gross Profit1.33

Enterprise Value/Ebitda-64.85

Forecast

1Y Price Target

$22.00

Price Target Upside12.70% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering0

Assicurazioni Generali Business Overview & Revenue Model

Company DescriptionAssicurazioni Generali S.p.A. provides various insurance solutions. The company operates through four segments: Non-Life; Life; Asset Management; and Holding and Other Business. It offers saving and protection insurance products for individuals and family; unit linked products with investment purposes; and motor, motor third-party liability, casualty, accident, health, and commercial and industrial risks insurance products. The company also provides equity and fixed-income funds, and alternative products; and investment advisory, asset management, and financial planning services. It operates in Italy, France, Germany, Austria, Czech Republic, Poland, Hungary, Slovakia, Serbia, Montenegro, Romania, Slovenia, Bulgaria, Croatia, Russia, Spain, Switzerland, the Americas, Southern Europe, and Asia. The company was formerly known as Assicurazioni Generali Austro-Italiche and changed its name to Assicurazioni Generali S.p.A. in 1848. Assicurazioni Generali S.p.A. was founded in 1831 and is headquartered in Trieste, Italy.

How the Company Makes MoneyGenerali generates revenue primarily through the sale of insurance premiums in both life and non-life segments. The company collects premiums from policyholders, which serve as a core revenue stream. Additionally, Generali earns income from investment activities, as it manages a substantial portfolio of assets that includes stocks, bonds, and real estate. Investment income is a significant contributor to the company’s profitability, as it can yield returns that complement the funds generated from premiums. Furthermore, Generali engages in reinsurance and collaborates with various partners and intermediaries to expand its reach and market presence. The company also benefits from economies of scale and diversified operations across different regions, which help mitigate risks and enhance overall earnings.

Assicurazioni Generali Earnings Call Summary

Earnings Call Date:Aug 06, 2025

(Q2-2025)

% Change Since: |

Next Earnings Date:Nov 13, 2025

Earnings Call Sentiment Positive

Generali's first half 2025 results show strong growth in operating results and strategic advancements, notably in P&C and Life segments, supported by a share buyback program. While the solvency ratio was below expectations and tax rates increased, these challenges are outweighed by the company's robust performance and strategic initiatives.

Q2-2025 Updates

Positive Updates

Strong Operating Results Growth

Generali recorded significant growth in operating results, exceeding EUR 4 billion, an 8.7% year-on-year increase driven by Property & Casualty, Life and Asset Management.

Share Buyback Program

Adjusted net results exceeded EUR 2.2 billion, growing by 10.4%. The company announced a EUR 500 million share buyback, reinforcing capital management.

Property & Casualty Performance

P&C operating result grew by over 18% year-on-year, with a 170 basis point improvement in the current year's attritional undiscounted loss ratio.

Life Business Recovery

Life net inflows exceeded EUR 6.3 billion. The share of capital-light products in new business production increased to almost 88%, with new business margin reaching 5.6% in Q2.

Asset Management Growth

Asset Management operating result increased by 11.7%, with net inflows from third parties totaling EUR 3.6 billion.

Customer Relationship Excellence

Improved relationship Net Promoter Score, maintaining the #1 position in peer group and enhancing customer retention levels.

Negative Updates

Solvency Ratio Below Consensus

Solvency ratio was slightly below consensus due to factors including rerisking and growth outside the European Union.

Higher Tax Rate in Q2

The company experienced a higher tax rate in Q2 due to intra-group dividends and expects a lower tax rate below 30% in the second half of 2025.

Company Guidance

During the call, Generali Group provided comprehensive guidance on its performance metrics for the first half of 2025, showcasing robust growth across its business segments. The company reported operating results exceeding EUR 4 billion, marking an 8.7% year-on-year increase, driven by the strong performance in Property & Casualty, Life, and Asset Management. Adjusted net results exceeded EUR 2.2 billion, growing by 10.4%, with adjusted earnings per share rising by 12.5%. The Property & Casualty operating result grew by over 18% year-on-year, aided by a 170 basis point improvement in the attritional undiscounted loss ratio. Life net inflows surpassed EUR 6.3 billion, and the new business margin improved to 5.6% in the second quarter. Asset Management saw an 11.7% increase in operating results, with net inflows from third parties totaling EUR 3.6 billion. The company also announced a EUR 500 million share buyback, demonstrating its commitment to delivering value to shareholders. The strategic focus on protection, health, and accident insurance was highlighted, with these areas accounting for 20% of overall gross written premiums, growing 7.1% year-on-year.

Assicurazioni Generali Financial Statement Overview

Summary

Assicurazioni Generali demonstrates solid financial performance with strong profitability and efficient operations. The balance sheet is stable with moderate leverage, though revenue trends show some decline. Cash flows are positive but exhibit variability, necessitating careful management.

Income Statement

Positive

Assicurazioni Generali demonstrates a solid revenue base with moderate growth. The gross profit margin is strong, indicating efficient cost management. However, there is a noticeable decline in revenue over the past years, impacting net profit margins. EBIT and EBITDA margins are robust, reflecting good operational efficiency.

Balance Sheet

Positive

The company maintains a healthy equity position, with a strong equity ratio. The debt-to-equity ratio shows moderate leverage, which is typical for the insurance industry. Return on equity is stable, suggesting consistent profitability. Overall, the balance sheet reflects financial stability.

Cash Flow

Positive

Operating cash flow remains positive, indicating good cash generation from core operations. However, fluctuations in free cash flow growth and a moderate free cash flow to net income ratio suggest potential variability in cash flow management. The cash flow statement reflects strong operational cash generation but highlights the need for careful capital expenditure management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	52.82B	59.68B	57.20B	32.00B	95.67B	77.72B
Gross Profit	76.81B	53.74B	48.48B	25.91B	95.67B	81.03B
EBITDA	-1.58B	7.19B	112.82B	5.62B	6.09B	5.06B
Net Income	4.28B	3.72B	3.75B	2.91B	2.85B	1.74B
Balance Sheet
Total Assets	521.73B	538.65B	508.61B	519.05B	586.23B	544.71B
Cash, Cash Equivalents and Short-Term Investments	6.95B	246.29B	7.07B	287.67B	357.05B	344.90B
Total Debt	36.01B	17.58B	33.17B	16.48B	16.57B	13.42B
Total Liabilities	489.83B	505.55B	477.33B	500.91B	554.35B	512.92B
Stockholders Equity	29.20B	30.39B	28.97B	26.65B	29.31B	30.03B
Cash Flow
Free Cash Flow	9.89B	15.01B	1.55B	9.90B	29.39B	19.01B
Operating Cash Flow	10.20B	15.38B	1.73B	10.54B	17.48B	19.34B
Investing Cash Flow	-5.93B	-13.82B	2.28B	-9.54B	-16.30B	-15.98B
Financing Cash Flow	-3.60B	-342.00M	-3.80B	-2.42B	-677.00M	-2.27B

Assicurazioni Generali Technical Analysis

Technical Analysis Sentiment

Positive

Last Price19.52

Price Trends

50DMA

18.74

Positive

100DMA

18.34

Positive

200DMA

16.78

Positive

Market Momentum

MACD

0.27

Positive

RSI

52.65

Neutral

STOCH

4.01

Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARZGY, the sentiment is Positive. The current price of 19.52 is below the 20-day moving average (MA) of 19.65, above the 50-day MA of 18.74, and above the 200-day MA of 16.78, indicating a neutral trend. The MACD of 0.27 indicates Positive momentum. The RSI at 52.65 is Neutral, neither overbought nor oversold. The STOCH value of 4.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARZGY.

Assicurazioni Generali Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIG	80 Outperform	$37.20B	11.99	19.55%	1.53%	7.67%	15.99%
ARZGY	80 Outperform	$60.17B	14.39	12.68%	4.13%	-0.06%	9.93%
ACGL	79 Outperform	$34.16B	9.45	17.09%	―	23.79%	-32.09%
PFG	73 Outperform	$17.94B	16.21	10.16%	3.68%	-3.34%	-3.32%
AIG	70 Outperform	$45.05B	15.07	7.61%	2.03%	-33.87%	-5.72%
AEG	69 Neutral	$12.23B	8.60	14.42%	5.10%	-6.19%	―
Sector *	68 Neutral	$17.90B	11.86	10.29%	3.72%	9.74%	1.66%

* Financial Sector Average

Performance Comparison

ARZGY

Assicurazioni Generali

19.52

6.16

46.11%

AEG

Aegon

7.79

2.08

36.43%

AIG

American International Group

81.32

6.88

9.24%

ACGL

Arch Capital Group

91.53

-16.16

-15.01%

HIG

Hartford Financial

132.31

17.59

15.33%

PFG

Principal Financial

80.51

2.21

2.82%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 07, 2025