Banca Generali — Earnings Release 2019

Aug 2, 2019

Informazione Regolamentata n. 0856-36-2019		Data/Ora Ricezione 02 Agosto 2019 12:08:37	MTA
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	121475
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	3.1
Data/Ora Ricezione	:	02 Agosto 2019 12:08:37
Data/Ora Inizio Diffusione presunta	:	02 Agosto 2019 12:08:39
Oggetto	:		PR: Net inflows Banca Generali July 2019
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows amounted to €314 million in July (€3,152 million YTD)

Net inflows of managed products at €366 million (€1,556 million YTD)

Assets under Advisory at €4.3 billion (+€300 million in June)

Milan, 2 August 2019 – Banca Generali's net inflows amounted to €314 million in July, bringing the YTD total to €3.15 billion.

In July, demand for managed solutions accelerated sharply and all the initiatives that the Bank has recently launched proved particularly successful.

The innovative Sicav LUX IM¹ confirmed its previous months' strong growth rates, with over €262 million net inflows that brought the YTD total to €1.3 billion. Insurance solutions continued to be high in demand, as confirmed by both LOB I policies (€87 million in July; €862 million YTD) and the insurance wrapper BG Stile Libero (€46 million in July; €222 million YTD).

Among AUC, newly issued certificates (€42 million; €247 million YTD) and new securitisations (€55 million; €381 million YTD) grew steadily, meeting with great interest among customers.

Assets under Advisory amounted to €4.3 billion, up €300 million in July and €2.0 billion YTD.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "July showed a very solid performance in terms of the quantity and quality of our net inflows mix. The attention towards our exclusive managed solutions and advanced advisory reflects the growing demand for customisation and professionalism in wealth management services. Our diversified range is attracting new customers and households with the most complex needs as they appreciate our versatility and risk protection approach. We expect this positive trend to continue in the coming months."

CONTACTS:

www.bancagenerali.com

Media Relations Michele Seghizzi Tel. +39 02 40826683

michele.seghizzi@bancagenerali.it

Investor Relations Giuliana Pagliari Tel.: +39 02 408 26548

giuliana.pagliari@bancagenerali.it

PRESS RELEASE

NET INFLOWS AND LIFE NEW BUSINESS IN JULY 2019

Million of Euros	Jul 2019	Jun 2019	Abs. Chg
Mutual Funds	246	4	242
of which LUX IM	262	256	6
Managed Portfolio	-13	12	-25
Mutual Funds and Managed Portfolio	233	16	217
Life Insurance of which: BG Stile Libero	133 46	162 94	-29 -48
Managed Assets	366	178	188
Non Managed Assets of which: Securities, Structured products, Securitisations	-52 -50	229 49	-281 -99
Total	314	407	-93
	Jan - Jul 2019	Jan - Jul 2018	Abs. Chg
Mutual Funds	752	614	138
of which LUX IM	1,283	307	976
Managed Portfolio	-280	261	-541
Mutual Funds and Managed Portfolio	472	875	-403
Life Insurance of which: BG Stile Libero	1,084 222	998 738	86 -516
Managed Assets	1,556	1,873	-317
Non Managed Assets of which: Securities, Structured products, Securitisations	1,596 641	1,690 827	-94 -186
Total	3,152	3,563	-411
Life New Business	Jul 2019	Jun 2019	Abs. Chg
Life New Business	239	258	-19
	Jan - Jul 2019	Jan - Jul 2018	Abs. Chg
Life New Business	1,932	1,768	164

CONTACTS:

www.bancagenerali.com

Media Relations Michele Seghizzi Tel. +39 02 40826683

michele.seghizzi@bancagenerali.it

Investor Relations Giuliana Pagliari Tel.: +39 02 408 26548

giuliana.pagliari@bancagenerali.it

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)