Generali Group is the largest insurance company in Italy and third in the world. It has its headquarters in Trieste. In 2010, Assicurazioni Generali Group was the second largest insurance group in the world by revenue after AXA. The company is a component of the Euro Stoxx 50 stock market index.
Under the name of Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche, the company was founded on December 26, 1831. At the time, Trieste was the most important sea port of the Austro-Hungarian Empire. The company grew in importance, becoming one of the largest insurance operators both in Italy and in Central Europe. As of 2014, the company ranks 48th on the Fortune Global 500 list of companies and 43rd on MITs worldwide "Smartest Companies" ranking in 2015.
Today Generali operates primarily in Europe, Middle East and East Asia, with large market shares in Italy, Poland, Germany (under the name of Generali Deutschland), France, Austria, Slovenia, The Netherlands, Croatia, Serbia, Spain, Switzerland, Romania, Israel, Japan, China and Bosnia and Herzegovina, with secondary operations in Latin America. Generali's United States operations are concentrated in financial products management, a result of the group's acquisition of Business Men's Assurance Company of America (BMA) in 1990. In 2002, Generali sold BMA's life insurance arm to the Royal Bank of Canada. In 2013, Generali sold its US reinsurance arm to Scor.
On Jerusalem's Jaffa Road, the Generali Building (בניין ג'נרלי), built by the company in 1935, is still known by that name although the company operated its Jerusalem branch in the building only from 1935 to 1946. The Generali Building is still owned by the Italian insurance firm through its local representative, the Migdal Insurance Company. The building currently houses various government offices, including the Jerusalem District Administration, the Ministry of Interior, the Department of Immigration and Population Registry, and the Internal Auditing Office. It is a famous Jerusalem landmark, due to the large and well-preserved stone statue of a winged lion on its roof; this is the Lion of Saint Mark, patron saint of Venice, and the symbol of the Generali insurance company which appears on all of its branches worldwide since 1848.
In India the company is represented by Future Generali, a joint venture of Future group and Assicurazioni Generali. It provides both life and property/casualty insurance. The Life business is known as Future Generali India Life Insurance Company Limited.
Main Subsidiaries of the group includes, in Italy: Genertellife, Alleanza Assicurazioni, Generali Italia and Banca Generali.
In France: Europ Assistance
Assicurazioni Generali was an active owner of Italian banks, such as Banca Intesa (7.54% direct and indirect ownership) and Banca Nazionale del Lavoro (8.71980% in 2004) as minority owner. Both banks are no longer held by Generali Group.
Banca Generali is the subsidiary of Assicurazioni Generali.
As of June 2016, Assicurazioni Generali's largest shareholders were:13.46% Mediobanca S.p.A.
3.00% Caltagirone (Francesco Gaetano)
2.01% Government of People's Republic of China
2.00% del Vecchio (Leonardo)
1.60% The Vanguard Group, Inc.
0.95% Norges Bank Investment Management (NBIM)
0.93% BlackRock Institutional Trust Company, N.A.
0.76% BlackRock Advisors (UK) Limited
0.62% Lyxor Asset Management
0.44% Amundi Asset Management
0.37% BlackRock Asset Management Deutschland AG
0.34% JPMorgan Asset Management U.K. Limited
0.30% NNIP Advisors B.V.
0.29% Franklin Mutual Advisers, LLC
0.27% Fideuram Investimenti SGR S.p.A.
0.23% TIAA Global Asset Management
0.21% Rothschild et Cie Gestion
Franz Kafka worked for nearly nine months (between November 1, 1907, and July 15, 1908) at the Assicurazioni Generali office in Prague.
Generali is sponser France National Volleyball Team. Generali sponsor of the French Federation of Volleyball for 19 years, launched the Responsible Sports Charter in 2010, coherently with the Group guidelines, to actively promote the culture of sustainability in the sporting arena.