Assicurazioni Generali SpA Q2 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Steven Haywood - HSBC, Research Division - Analyst : Three questions for me. Just following on from the lapse trend. There was a 6 percentage point negative impact on the Solvency 2 ratio from a non-economic assumption. Can you tell me how much of it was from the change in the lapse assumption or the lapse experience? Secondly, you've given the tariff changes by product on 1H '23 versus 1H '22. Could you provide us the tariff changes by country as well for Italy, France and Germany? That is very helpful? And then thirdly, you mentioned in the slide commentary that you see other tariff increases that's scheduled in the second half of this year. Can you tell us how much is it for, which countries and which products?

Question: Steven Haywood - HSBC, Research Division - Analyst : Okay. Can I just follow up with a quick question on your combined ratio target. Do you still see movement in (inaudible) target next year and on what basis?

Question: Michael Igor Huttner - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : I'd like to address these questions to Philippe because it's lovely to listen to the boss, I must say, but I don't know if it stands true of course, and it's an honor to hear him. So I hope these are addressable to the boss. So the first one is on dividend growth. The second would be on deals and how happy you are with them? And on the third is on the remaining EUR 500 million and whether you kind of think I could buy something with this or not actually, I'll give it to shareholders. So on the dividend, so we've had these extraordinary net income and EPS growth numbers. I mean, some 28%, some 60%, some 65%, which is huge and of course, it's half year but it does give a yield for the full year as well. And I just wonder if that means that your ambition or flexibility or how you call it for dividends, which at the moment is constrained by your plans, EUR 5.4 billion to EUR 5.6 billion, where there might be a little bit of room for maneuver that. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 09, 2023 / 2:00PM, GASI.MI - Q2 2023 Assicurazioni Generali SpA Earnings Call The second is on the deals you've done, how happy you are with them. The reason I ask is (inaudible) these deals are really complicated, we touched every single number, and we kind of get a little bit lost in the detail. And I just wondered how would you, you're sitting and you've got all this stuff, you have a fairly good view of what's happening, whether you're done with the deals, how much more there is yet to come in the next business plan. Just a feel for where we are on track and then the final little question is EUR 500 million..