VENICE (Reuters) – Generali said on Thursday it would return more than 8.5 billion euros ($8.86 billion) to shareholders through dividends and share buybacks through 2027, as CEO Philippe Donnet said he would be ready for a new term.
In presenting its new multi-year strategy, Italy’s top insurer pledged to grow earnings per share (EPS) by 8-10% a year on average in 2025-2027 with a net cash flow above 11 billion euros, it said in a statement.
The insurer said buybacks would total at least 1.5 billion euros, including 500 million euros for 2025.
($1 = 0.9599 euros)
(Reporting by Gianluca Semeraro; Editing by Valentina Za)
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