Assicurazioni Generali SpA

Assicurazioni Generali maintains a capital structure characterized by significant leverage, with total liabilities of €526.5 billion against total assets of €558.5 billion. The company holds €39.6 billion in long-term debt and only €0.5 billion in cash and equivalents, resulting in a negative net cash position. The debt-to-equity ratio stands at 1.23, reflecting the high-liability nature of the insurance business model. Liquidity risk is assessed as medium, consistent with the substantial debt load relative to equity.

Profitability metrics indicate a return on equity of 12.34% and a return on assets of 0.71%. The company generated €6.1 billion in operating income and €4.0 billion in net income during the latest period. Valuation multiples include a price-to-earnings ratio of 14.6 and a price-to-book ratio of 1.8. The enterprise value to EBITDA ratio is 15.9, suggesting a moderate valuation relative to earnings power.

Revenue concentration and segment details are not provided in the available data, preventing a detailed analysis of geographic or business unit exposure. The company’s primary activity is identified as Exploration & Production in the classification data, though this conflicts with the sector classification industry code of Insurance, indicating a potential classification discrepancy that requires further verification.

Growth trajectory analysis is limited due to the absence of historical period data in the input. Without multi-year revenue or net income trends, it is not possible to assess the company’s growth momentum or cyclicality.

Risk assessment highlights medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, which is a standard characteristic for insurance companies but warrants monitoring for solvency margins. The dilution risk is low, with basic and diluted shares outstanding being identical at 1.5 billion shares.

Recent observations include analyst estimates with a mean price target of €40.23 and a median target of €39.50. The mean recommendation is 2.56, indicating a neutral to slightly positive sentiment among analysts. There are four strong-buy and four buy ratings, balanced by seven hold ratings.

Operating income +6,2% YoY; Net income +12,9% YoY.

• ▍Operating income +6,2% YoY
• ▍Net income +12,9% YoY
• ▍Free cash flow +4,2% YoY

Operating income +55,9% YoY; Net income +89,2% YoY.

• ▍Operating income +55,9% YoY
• ▍Net income +89,2% YoY
• ▍Free cash flow +242,1% YoY

Operating income −6,7% YoY; Net income −17,1% YoY.

• ▍Operating income −6,7% YoY
• ▍Net income −17,1% YoY

Operating income −43,4% YoY; Net income −21,6% YoY.

• ▍Operating income −43,4% YoY
• ▍Net income −21,6% YoY

Operating income €6.96B.

• ▍Operating income €6.96B