Generali, Unicredit strengthens its capital. At the shareholders' meeting Orcel with 8.7%

Unicredit is strengthening its position in Generali's capital. At the Lion's shareholders' meeting, the bank led by Andrea Orcel will in fact participate with 8.72% of the capital against the 6.68% it had until today on the Lion's shareholder register. The stakes of the other main shareholders (above 3%) remained unchanged compared to 2025: Monte dei Paschi di Siena Group, through Mediobanca, at 13.19%, Delfin at 10.05%, Caltagirone Group at 6.26% and the Benettons, through Schema Delta, at 4.86% of the share capital.

Generali's shareholders' meeting has on its agenda, among other things, the approval of the 2025 financial statements and the allocation of the profit for the year, as well as the appointment of the board of statutory auditors, the new employee share ownership plan and the half-billion buyback. The meeting was held remotely because 'geopolitical tensions could have affected its orderly conduct', chairman Andrea Sironi pointed out. 69.695% of the share capital participates, slightly up from 68.73% in 2025, when the board of directors was appointed: we are close to the record of 2022, when more than 70% of shareholders showed up.

'The economic and financial results we are presenting today are the result of a solid and diversified business model, capable of generating value even in complex conditions such as those I have described to you, and of playing a role of stability to the benefit of its customers, shareholders and the communities in which it operates,' Sironi emphasised, opening the meeting.

'What we have achieved over the past year reinforces our confidence and fuels solid optimism for the challenges and opportunities ahead of us,' Group CEO Philippe Donnet emphasised in his traditional opening speech. And in this regard, '2026 is the central year of the new plan and will therefore be a fundamental watershed towards its completion and the achievement of all our objectives,' he added. In any case, the top manager remarked, 'the strength and consistency of our results confirm that we are executing our plan with the utmost discipline, continuing to create sustainable value for you, our shareholders, and all our stakeholders'.

In the meantime, the Generali shareholders' meeting approved the 2025 financial statements and the proposed dividend distribution with over 99% of the capital represented voting in favour. The green light was also given to the buy-back plan, with authorisation to cancel treasury shares, with well over 99% of the capital present.