Generali’s general meeting approved the 2024 financial report and elected the new board of directors

Shareholders also elected a new 13-member Board of Directors, which will serve until 2027. The majority list submitted by Mediobanca received the most votes (52.38%), and among them Andrea Sironi (independent chairman) and Philippe Donnet (Generali Group CEO) also obtained mandates. Flavio Cattaneo, Marina Brogi and Fabrizio Palermo were also included in the board based on the minority lists. The first meeting of the newly elected Board of Directors will be held on 28 April 2025, where the agenda will include the appointment of officers of the corporate bodies.

Generali’s general meeting has approved the 2025-2027 Long Term Incentive Plan (LTIP), which supports the long-term motivation of managers. Under this, up to 7.2 million treasury shares may be used. The share purchase has been authorized for a period of 18 months, the lower limit of the purchase price is the nominal value and the upper limit may not exceed the previous day’s closing price by more than 5%. In addition, the company will launch a treasury share buyback program, the purpose of which is to cancel treasury shares and thereby increase shareholder value. The total value of the program is up to 500 million euros and may not exceed 2% of the company’s share capital. The buybacks will take place in accordance with stock exchange procedures ensuring equal treatment of shareholders.