Generali, Italy's largest insurer by premiums, proposed to more than double its dividend on Wednesday after posting it highest full-year net profit for six years.
The group said it would hike its dividend to 0.45 euros ($0.63) per share after net profits rose to 1.915 billion euros in 2013, up from 94 million euros a year ago, slightly missing analyst expectations.
Chief executive Mario Greco said the dividend boost should send a clear message of confidence to investors.
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"It is I think a message of confidence, this is what the investors should see into that. We are very pleased with the cash development, the capital position is strengthening," Greco told CNBC.
"We are confident, we show this confidence in delivering a much higher dividend that the one of last year," he said.