1. Generali Investor Day 2010
Overview
Giovanni Perissinotto
Group Chief Executive Officer
Venice, November 26, 2010

2. Disclaimer 2
Certain of the statements contained herein are statements of future expectations and other
forward-looking statements.
These expectations are based on management's current views and assumptions and involve
known and unknown risks and uncertainties.
The user of such information should recognise that actual results, performance or events
may differ materially from such expectations because they relate to future events and
circumstances which are beyond our control including, among other things, general economic
and sector conditions.
Neither Assicurazioni Generali S.p.A. nor any of its affiliates, directors, officers employees or
agents owe any duty of care towards any user of the information provided herein nor any
obligation to update any forward-looking information contained in this document.
The manager in charge of preparing the company’s financial reports, Raffaele Agrusti,
declares, pursuant to paragraph 2 of article 154-bis of the Consolidated Law on Financial
Intermediation, that the accounting information contained in this presentation corresponds to
document results, books and accounts records.
Assicurazioni Generali Group – Investor Day – Investment Management of Insurance Assets

3. Total Assets Under Management(1) 3
At 30.09.2010
Total AUM(1): Euro 473.4 bn
Third parties AUM 95.9
Unit Linked
Unit Linked Investments 47.6 MTM 47.7
Reserves(5)
Fixed income
Cash & equival. instruments
BV 3.0% BV 79.1%
MV 2.9% MV 78.1%
Equity
BV 8.4% Traditional Life
MV 8.1% 331.1
ALM
258.1 Reserves(5)
Real Estate (4)
BV 5.5%
MV 7.1%
Other(3) “Own Investments”
BV 4.0% including own use real P&C
MV 3.8%
estate(2) 30.5 Reserves(5)
(1) Including own use real estate within own investments
(2) Own investments include own capital and insurance funds (i.e. unit linked excluded)
(3) Including investments in subsidiaries, associated companies and JVs, derivatives, receivables from banks or customer
(4) Including real estate mutual funds & own use real estate
(5) Net technical reserves; life reserves including investment contracts
Assicurazioni Generali Group – Investor Day – Investment Management of Insurance Assets

4. Today´s Agenda 4
I. Overview
Giovanni Perissinotto, Group Chief Executive Officer 09:00 – 09:15
II. Strategic Asset Allocation & Risk Management Strategy(1)
Amerigo Borrini, Chief Risk Officer
Salvatore Colotti, Chief Life Actuary 09:15 – 10:30
III. Generali Investments Strategy & Performance(1)
Philippe Setbon, Chief Executive Officer of Generali Investments 10:30 – 11:30
11:30 Coffee break (15 minutes)
IV. Generali Immobiliare Strategy & Performance(1)
Giancarlo Scotti, Chief Executive Officer of Generali Immobiliare 11:45 – 12:45
V. Final Remarks
Raffaele Agrusti, General Manager & Chief Financial Officer 12:45 – 13:00
(1) Each presentation will include 15 minutes Q&A session
Assicurazioni Generali Group – Investor Day – Investment Management of Insurance Assets

5. 5
Generali Investor Day 2010
Overview
Giovanni Perissinotto
Group Chief Executive Officer
Venice, November 26, 2010