Assicurazioni Generali S.p.A. (ARZGY.PK), a provider of insurance and asset management services, launched a new growth plan for 2025-2027, 'Lifetime Partner 27: Driving Excellence', the company said in a statement on Thursday.
Generali's targets for 2025-2027 include earnings growth at a CAGR of 8 percent - 10 percent, Cumulative Net Holding Cash Flow of more than 11 billion euros, and dividend increase at a CAGR of over 10 percent.
The company also announced its plan to repurchase at least 1.5 billion euros of shares during the period.
A 500 million euros buy back is expected to be launched this year.
Separately, the company said, it has been authorised to buy back a maximum number of 10 million and 500 thousand shares with a term of 18 months starting on April 24, 2024.
"Thanks to our 'Lifetime Partner 27: Driving Excellence' plan, we will further enhance excellence across our customer relationships, our Group operating model and our core capabilities. We will invest in AI, new technologies and upskilling our employees to capture opportunities from emerging trends, fast-changing customer expectations and a rapidly evolving market," said Philippe Donnet, Generali Group CEO.
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