By Ed Frankl

Assicurazioni Generali SpA will start a share-buyback program worth up to 210 million euros ($227.5 million), its said late Thursday.

The Italian insurer said it would buy back a maximum of 10.5 million shares from Friday, to end by March, as part of its long-term incentive plan from 2022-24.

The maximum purchase price can't exceed 5% of the price during the stock-exchange session on the prior day, it added.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

January 20, 2023 01:45 ET (06:45 GMT)

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