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The Generali Group CEO, Mario Greco, said: “2012 saw the start of a deep transformation of Generali, with today’s results marking a turning point in the evolution of our Group towards international best practice. We have recently outlined a new strategy, built on introducing discipline, simplicity and focus across all our activities. We are simplifying our structure and adopting a more disciplined approach to managing the Group and its investments, as we refocus on our insurance business.”