Q3 2020 Assicurazioni Generali SpA Earnings Call (Q&A Session) Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Generali Group 9 Months 2020 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Philippe Donnet, Group Chief Executive Officer. Please go ahead, sir.
Thank you, and good morning, everyone, and welcome to the presentation of Generali's 2020 9-month results.
And before we open the Q&A, I would like to address an issue that is on everyone's mind. As you have seen from our press release, based on the current decision of our Italian regulator to stop the payment of dividends for macroeconomic reasons, our Board of Directors yesterday had no choice but deciding not to distribute the second tranche of the full year 2019 dividend by the end of the year. At this stage, the Italian regulator does not permit us to distribute the outstanding tranche of the full year 2019 dividend. Specifically, we received a
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