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Banca Generali — Earnings Release 2017
Jul 11, 2017
4184_rns_2017-07-11_6f04004b-cd23-47d0-80d6-86885f57c946.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-40-2017 |
Data/Ora Ricezione 11 Luglio 2017 10:28:13 |
MTA | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 91788 | |
| Nome utilizzatore | : | BCAGENERALIN01 - Maggiolini | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 11 Luglio 2017 10:28:13 | |
| Data/Ora Inizio Diffusione presunta |
: | 11 Luglio 2017 10:28:14 | |
| Oggetto | : | PR Net Inflows June 2017 | |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
June net inflows: €620 million (€3,820 million YTD)
Net inflows of managed products: €621 million (€3,437 million YTD)
Milan, 11 July 2017 – Banca Generali's net inflows amounted to €620 million in June, bringing the YTD total to €3,820 million and thus setting a new record for the period (+31% compared to the first half of the previous year).
In June, net inflows continued to be fully generated by managed and insurance products (€621 million), totalling €3.4 billion YTD (+102% YoY) and accounting for 90% of total net inflows. Thanks to the level of customisation and protection they offer, financial and insurance wrapper solutions continued to be high in demand, totalling net inflows of €510 million in June and €2,806 million YTD.
In addition, Funds and Sicavs also performed well in June, reporting net inflows of €140 million for the month and nearing one billion YTD (€979 million).
Chief Executive Officer Gian Maria Mossa stated: "We are very satisfied with the strong appreciation that households continue to show to us. The risk and volatility containment approach and the diversification opportunities offered by our wrappers of products enhance our professionals' advisory service allowing them to provide customised solutions to their customers, as shown by the doubling of net inflows of managed products compared to the previous year. We will soon introduce new managed products in our offering, which makes us very optimistic about the objectives for the coming months."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 6076 5683
Investor Relations Giuliana Pagliari Tel: +39 02 6076 5548
PRESS RELEASE
NET INFLOWS AND LIFE NEW BUSINESS IN JUNE 2017
| Million of Euros | Jun 2017 | May 2017 | Abs. Chg |
|---|---|---|---|
| Mutual Funds | 140 | 253 | -113 |
| Managed Portfolio | 274 | 253 | 21 |
| Mutual Funds and Managed Portfolio | 414 | 506 | -92 |
| Life Insurance | 207 | 195 | 12 |
| of which BG STILE LIBERO | 199 | 183 | 1 6 |
| Managed Assets | 621 | 701 | -80 |
| Non Managed Assets of which: Securities |
-1 -19 |
-32 53 |
31 -72 |
| Total | 620 | 669 | -49 |
| Jan-Jun 2017 | Jan-Jun 2016 | Abs. Chg | |
| Mutual Funds | 979 | -136 | 1,115 |
| Managed Portfolio | 1,472 | 286 | 1,186 |
| Mutual Funds and Managed Portfolio | 2,451 | 150 | 2,301 |
| Life Insurance | 986 | 1,552 | -566 |
| of which BG STILE LIBERO | 937 | 558 | 379 |
| Managed Assets | 3,437 | 1,702 | 1,735 |
| Non Managed Assets of which: Securities |
383 98 |
1,215 252 |
-832 -154 |
| Total | 3,820 | 2,917 | 903 |
| Life New Business | |||
| Life New Business | Jun 2017 313 |
May 2017 315 |
Abs. Chg -2 |
| Jan-Jun 2017 | Jan-Jun 2016 | Abs. Chg | |
| Life New Business | 1,726 | 2,098 | -372 |
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 6076 5683
Investor Relations Giuliana Pagliari Tel: +39 02 6076 5548
The Manager responsible for preparing the company's financial reports (Tommaso Di Russo) declares, pursuant to Paragraph 2 of Art. 154-bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records. Tommaso Di Russo (CFO of Banca Generali)