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Generali to return up to 6.1 billion euros to investors under new plan -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: On the Budapest office of Generali, an insurance company, you can see their logo on Nov 29, 2019. Picture taken November 29, 2019. REUTERS/Tamas Kaszas/File Photo

MILAN (Reuters – Italy’s leading insurer Generali (MII:) on Wednesday promised to repay up to 6.1 Billion Euros ($7B) in dividends, buybacks and other shareholder benefits. Philippe Donnet, Chief Executive presented a revised strategy through 2024.

Generali has also allocated up to 3 Billion Euros for acquisitions or mergers in the insurance and asset management industries.

($1 = 0.8875 euros)

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