Anima Holding

Earnings Release • Jan 9, 2026

PRESS RELEASE

ANIMA Holding: net inflows December 2025

• Net inflows into managed assets (net of Class I insurance mandates): € +509 million
• Total assets under management: € 211.0 billion (212.3 billion including administered assets)

Milan, 9 January 2026

The following table outlines net inflows for the management companies in the ANIMA group for the month of December 2025, along with assets under management, administration and advisory.

	Net Inflows (€ mn)			Assets (€ bn)
	2024 full year	December 2025	YTD	at 31.12.25	at 31.12.24	change
Retail	·
Contracts with retail customers as counterpart (eg. Mutual funds sold through partner banks, "Arti e Mestieri" pension fund)	+2,450	+193	+2,193	65.0	60.4	+7.5%
B2B2C Contracts with institutional counterparts which reflect retail customers' investment choices (eg. Unit-linked policies, mutual funds managed under mandate)	-407	+120	+2,133	32.5	29.5	+10.3%
Institutional Contracts with institutional counterparts (eg. Fund users, AIFs, portfolio mandates, pension funds)	+1,423	+267	-1,279	17.6	17.7	-0.3%
Duplications Investiments from Group products into other Group products (eg. funds of funds)	-2,666	-71	+837	18.2	16.3	+11.7%
Total AuM ex Class I mandates	+801	+509	+3,885	133.4	124.0	+7.6%
Class I Insurance Mandates Fixed-income portfolios underlying traditional life insurance policies	-6,033	+99	-3,194	77.6	79.1	-1.9%
Total AuM	-5,232	+608	+691	211.0	203.1	+3.9%
Administered Assets Inflows pertaining to Kairos Partners' private bankers	+61	+5	+237	1.3	1.0	+30.6%
Total Managed & Administered Assets	-5,171	+613	+928	212.3	204.1	+4.0%

Assets under advisory

Third-party assets managed according to recommendations from an Anima Group AM company

0.7

Preliminary data subject to revision due to transactions recorded in the final days of the month

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