Assicurazioni Generali (ARZGY)
OTHER OTC:ARZGY
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Assicurazioni Generali
(OTC:ARZGY)
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Rating:72Outperform
Price Target:
$23.50
▲(15.99% Upside)
Action:UpgradedDate:04/12/26
The score is driven primarily by solid financial performance (profitability and strong recent cash generation) tempered by increased 2025 leverage risk. Technicals are supportive with price above major moving averages and positive MACD, though short-term signals look stretched. Valuation is favorable, supported by a reasonable P/E and a solid dividend yield.
Positive Factors
Cash generation
Sustained high operating and free cash flow in 2024–2025 provides durable funding for claims, capital allocation and dividends. Strong cash conversion supports reinvestment, de-risks payout commitments and gives management flexibility to smooth payments through underwriting cycles.
Negative Factors
Higher leverage
A sharp step-up in leverage reduces financial flexibility and increases sensitivity to underwriting losses or market volatility. Higher debt can constrain capital management, limit buffer for adverse claims or investment shocks, and pressure solvency metrics over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained high operating and free cash flow in 2024–2025 provides durable funding for claims, capital allocation and dividends. Strong cash conversion supports reinvestment, de-risks payout commitments and gives management flexibility to smooth payments through underwriting cycles.
Read all positive factors
Assicurazioni Generali (ARZGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$68.28B
Dividend Yield3.82%
Average Volume (3M)3.44K
Price to Earnings (P/E)13.5
Beta (1Y)0.46
Revenue Growth-9.63%
EPS Growth19.62%
CountryUS
Employees86,851
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.39
Shares Outstanding3,069,237,000
10 Day Avg. Volume0
30 Day Avg. Volume3,443
Financial Highlights & Ratios
PEG Ratio1.49
Price to Book (P/B)1.68
Price to Sales (P/S)0.81
P/FCF Ratio2.88
Enterprise Value/Market Cap1.31
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit1.43
Enterprise Value/Ebitda12.08
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.78
Revenue Forecast (FY)$120.49B
Assicurazioni Generali Business Overview & Revenue Model
Company Description
Assicurazioni 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 an...
How the Company Makes Money
Generali makes money mainly by underwriting insurance risk and by earning fees from managing assets. (1) Insurance underwriting income: In non-life insurance, it collects premiums for policies such as motor, property, liability, and health; it the...
Assicurazioni Generali Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 21, 2026
Earnings Call Sentiment Neutral
The earnings call presented a strong performance in the P&C and Life businesses, with significant advancements in technology and stable solvency. However, challenges such as potential restructuring charges, internal model loss in Spain, and negative operating variances in the Life CSM were noted. The overall sentiment is balanced, considering both the positive financial performance and the upcoming challenges.Positive Updates
Strong Performance in P&C Business
P&C business showed positive momentum with top-line growth over 7% and margin expansion, with the undiscounted combined ratio improving by over 2 percentage points compared to last year.
Negative Updates
Impact of Spain Internal Model Loss
Temporary loss of the internal model application for Spain as part of the Liberty integration, with a reverse merger impact of around minus 4 percentage points on the solvency ratio, expected to revert in 2027.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Performance in P&C Business
P&C business showed positive momentum with top-line growth over 7% and margin expansion, with the undiscounted combined ratio improving by over 2 percentage points compared to last year.
Read all positive updates
Company Guidance
During the Generali Group's 9-month 2025 results presentation, key financial metrics highlighted include a P&C top line increase of over 7% and an improvement in the undiscounted combined ratio by more than 2 percentage points compared to the previous year. The company also reported a significant pricing effect with a 6.4% increase for motor and a 5.2% improvement for non-motor retail and SME segments. In the Life segment, Generali achieved over €10 billion in net inflows, with €3.7 billion from Protection & Health and €4.7 billion from hybrid and unit-linked products. The new business margin improved to 5.74%, nearing its 2027 target. On the capital side, the group maintained a solid solvency ratio of 214% as of November 10, 2025, despite anticipated impacts from acquisitions and regulatory changes. The group's strategic initiatives are driving operational efficiencies and disciplined underwriting, contributing to an EPS growth of 16% year-on-year and positioning Generali to potentially exceed its Lifetime Partner 27 driving excellence plan targets.Assicurazioni Generali Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 66.36B | 55.30B | 53.73B | 50.48B | 95.67B |
| Gross Profit | 66.36B | 55.30B | 48.48B | 0.00 | 95.67B |
| EBITDA | 6.90B | 7.19B | 112.82B | 4.58B | 6.09B |
| Net Income | 4.01B | 3.72B | 3.75B | 2.35B | 2.85B |
Balance Sheet | |||||
| Total Assets | 558.29B | 538.65B | 508.61B | 519.05B | 586.23B |
| Cash, Cash Equivalents and Short-Term Investments | 7.30B | 246.29B | 230.43B | 287.67B | 357.05B |
| Total Debt | 39.55B | 17.58B | 33.17B | 16.48B | 16.57B |
| Total Liabilities | 523.52B | 505.55B | 477.33B | 500.91B | 554.35B |
| Stockholders Equity | 32.05B | 30.39B | 28.97B | 26.65B | 29.31B |
Cash Flow | |||||
| Free Cash Flow | 18.69B | 16.41B | 1.55B | 9.90B | 29.39B |
| Operating Cash Flow | 19.12B | 16.82B | 1.73B | 10.54B | 17.48B |
| Investing Cash Flow | -18.25B | -15.12B | 2.28B | -9.02B | -16.30B |
| Financing Cash Flow | -1.76B | -369.94M | -3.80B | -2.42B | -677.00M |
Assicurazioni Generali Technical Analysis
Positive
20.26
Price Trends
20.41
Positive
20.35
Positive
19.74
Positive
Market Momentum
0.49
Negative
73.61
Negative
97.80
Negative
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 20.26 is below the 20-day moving average (MA) of 20.48, below the 50-day MA of 20.41, and above the 200-day MA of 19.74, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 73.61 is Negative, neither overbought nor oversold. The STOCH value of 97.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARZGY.
Assicurazioni Generali Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $37.50B | 10.99 | 22.01% | 1.55% | 6.90% | 41.67% | |
73 Outperform | $33.65B | 8.24 | 21.07% | ― | 8.66% | 32.96% | |
73 Outperform | $21.80B | 12.02 | 13.35% | 3.44% | -1.98% | 48.93% | |
72 Outperform | $68.28B | 13.46 | 10.02% | 3.82% | -9.63% | 19.62% | |
71 Outperform | $40.13B | ― | 7.50% | 2.02% | -24.08% | 26.42% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $12.30B | 10.92 | 11.63% | 5.77% | 33.06% | 50.47% |
* Financial Sector Average
ARZGY
Assicurazioni Generali
22.42
3.86
20.81%
AEG
Aegon
8.23
1.91
30.30%
AIG
American International Group
78.77
-2.45
-3.02%
ACGL
Arch Capital Group
93.82
1.24
1.34%
HIG
Hartford Insurance
135.81
12.17
9.84%
PFG
Principal Financial
101.09
27.38
37.15%
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.