text: On July 6, 2023, Generali acquired Conning and its subsidiaries. Additionally, the company entered into a ten-year partnership with Cathay Life, making the latter a minority shareholder (holding 16.75% of shares) in Generali Investment Holding, an entity that houses the majority of Generali's asset management activities. This acquisition bolstered Generali's total assets under management, which then amounted to 775 billion euros, an increase of 144 billion euros.  Consequently, Generali claimed its position as the ninth European player in terms of assets under management.
  Operations
  Generali boasts a global presence, operating in 50 countries through a network of over 400 companies.
  The company's current organizational structure comprises five distinct Business Units:
  Italy
  Germany, Austria and Switzerland
  France & Global Business Activities
  International
  Asset & Wealth Management
  The company's business model revolves around three core pillars:
  Life insurance
  Property & Casualty insurance
  Asset Management
  Bank ownership
  Banca Generali is a subsidiary of Assicurazioni Generali, of which it owns 50.17%.
  Shareholder structure
  As of April 17, 2023, Assicurazioni Generali's shareholders were:
  31.72% Institutional investors
  13.10% Mediobanca S.p.A.
  9.77% Del Vecchio Group
  6.23% Caltagirone SpA (Francesco Gaetano Caltagirone)
  4.83% Benetton Group (through Edizione holding)
  34.35% Others
  Based on the share capital, 65.13% of Assicurazioni Generali is owned by Italian investors.