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Banca Generali — Earnings Release 2018
Sep 11, 2018
4184_rns_2018-09-11_a16dd651-0ecc-4385-b925-08c79dc6db06.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-47-2018 |
Data/Ora Ricezione 11 Settembre 2018 17:35:00 |
MTA | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 108308 | |
| Nome utilizzatore | : | BCAGENERALIN03 - Pastore | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 11 Settembre 2018 17:35:00 | |
| Data/Ora Inizio Diffusione presunta |
: | 11 Settembre 2018 17:35:01 | |
| Oggetto | : | PR: Banca Generali net inflows august | |
| Testo del comunicato |
Vedi allegato.
August net inflows: €241 million (€3.8 billion YTD)
Net inflows of managed products: €162 million (€2.0 billion YTD)
Milan, 11 September 2018 – Banca Generali's net inflows amounted to €241 million in August, bringing the YTD total to €3.8 billion.
Net inflows from managed assets continued to be chiefly generated by solutions that offer more flexible protection, such as the innovative Sicav LUX IM, which exceeded €350 million net inflows in just over four months, and financial and insurance 'wrappers', which totalled €1.0 billion YTD. Overall net inflows of managed products reached €2.0 billion in eight months, with over €160 million in August.
Market uncertainties also continued to encourage deposits and AUC in general (€1.8 billion YTD; €79 million in August). The ongoing increase was driven by the acquisition of new customers who in light of current volatility and speculations prudently postpone portfolio investment decisions.
Assets under Advisory further increased, reaching a total of €2.3 billion.
Chief Executive Officer Gian Maria Mossa stated:"Despite the complex market scenario and the customers' heightened risk aversion, August was yet another month of growth. In addition to AUC solutions, financial advisors chose our versatile wrappers of managed products and our innovative LUX IM solutions to increase diversification and protection. In light of recent weeks' volatility, we adopted a more defensive approach for our customers' portfolios, with an increasingly important role of our analysis of households' overall wealth. The positive start of activity in September enables us to look towards the last part of the year with confidence."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 6076 5683
Investor Relations Giuliana Pagliari Tel: +39 02 6076 5548
NET INFLOWS AND LIFE NEW BUSINESS IN AUGUST 2018
| Million of Euros | Aug 2018 | Jul 2018 | Abs. Chg |
|---|---|---|---|
| Mutual Funds | 94 | 56 | 38 |
| Managed Portfolio | -60 | 10 | -70 |
| Mutual Funds and Managed Portfolio | 34 | 66 | -32 |
| Life Insurance | 128 | 165 | -37 |
| of which BG STILE LIBERO | 8 4 |
132 | -48 |
| Managed Assets | 162 | 231 | -69 |
| Non Managed Assets of which: Securities |
79 74 |
179 86 |
-100 -12 |
| Total | 241 | 410 | -169 |
| Jan-Aug 2018 | Jan-Aug 2017 | Abs. Chg | |
| Mutual Funds | 708 | 1,210 | -502 |
| Managed Portfolio | 201 | 1,771 | -1,570 |
| Mutual Funds and Managed Portfolio | 909 | 2,981 | -2,072 |
| Life Insurance | 1,126 | 1,279 | -153 |
| of which BG STILE LIBERO | 822 | 1,160 | -338 |
| Managed Assets | 2,035 | 4,260 | -2,225 |
| Non Managed Assets of which: Securities |
1,769 901 |
511 223 |
1,258 678 |
| Total | 3,804 | 4,771 | -967 |
| Life New Business | |||
| Aug 2018 | Jul 2018 | Abs. Chg | |
| Life New Business | 217 | 282 | -65 |
| Jan-Aug 2018 | Jan-Aug 2017 | Abs. Chg | |
| 1,985 | 2,153 | -168 |