Assicurazioni Generali S.p.A. (ARZGF) Q2 2025 Earnings Call Transcript


Assicurazioni Generali S.p.A. (OTCPK:ARZGF) Q2 2025 Earnings Conference Call August 6, 2025 10:00 AM ET

Company Participants

Cristiano Borean – Group Chief Financial Officer
Fabio Cleva – Head of Investor & Rating Agency Relations
Giulio Terzariol – Chief Executive Officer of Insurance Division
Marco Sesana – Group General Manager
Philippe Roger Donnet – MD, Group CEO & Director

Conference Call Participants

Andrew Baker – Goldman Sachs Group, Inc., Research Division
Elena Perini – Intesa Sanpaolo Equity Research
Fahad Usman Changazi – Kepler Cheuvreux, Research Division
Farooq Hanif – JPMorgan Chase & Co, Research Division
Farquhar Charles Murray – Autonomous Research US LP
Hadley Cohen – Morgan Stanley, Research Division
Iain Pearce – BNP Paribas Exane, Research Division
James Austin Shuck – Citigroup Inc., Research Division
Michael Igor Huttner – Joh. Berenberg, Gossler & Co. KG, Research Division
William Hawkins – Keefe, Bruyette, & Woods, Inc., Research Division

Operator

Good afternoon, this is the Chorus Call conference operator. Welcome, and thank you for joining the Generali Group First Half 2025 Results Presentation. [Operator Instructions]

At this time, I would like to turn the conference over to Mr. Fabio Cleva, Head of Investor and Rating Agency Relations. Please go ahead, sir.

Fabio Cleva

Hello, everyone, and thank you for joining our first half 2025 results call.

Here with us today, we have the Group CEO, Philippe Donnet; the Group General Manager, Marco Sesana, the CEO of Insurance, Giulio Terzariol; and the Group CFO, Cristiano Borean.

Before opening up for Q&A, let me hand it over to Philippe for some opening remarks.

Philippe Roger Donnet

Thank you, Fabio. Good afternoon to all of you, and thank you for joining this call. Our excellent performance for the first half of 2025 shows a strong start to our new 3-year strategic plan, Lifetime Partner 27: Driving Excellence. These results demonstrate that this



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