Banca Generali — Earnings Release 2019

Jul 11, 2019

Informazione Regolamentata n. 0856-30-2019		Data/Ora Ricezione 11 Luglio 2019 13:05:57	MTA
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	120629
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	REGEM
Data/Ora Ricezione	:	11 Luglio 2019 13:05:57
Data/Ora Inizio Diffusione presunta	:	11 Luglio 2019 13:05:58
Oggetto	:	PR: net inflows June
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €407 million in June (€2,838 million YTD)

Net inflows of managed products at €178 million (€1,190 million YTD)

Assets under Advisory at €4.0 billion (+€400 million in June)

Milan, 11 July 2019 – Banca Generali's net inflows amounted to €407 million in June, bringing the YTD total to over €2.8 billion.

In June, Sicav LUX IM¹ 's managed solutions were particularly successful, with over €256 million net inflows (€1.0 billion YTD). BG Stile Libero policies continued to be in demand, reporting €176 million YTD.

AUC products continued to be highly appreciated. Among them, particularly worth of notice were newly issued certificates, with €43 million net inflows (€205 million YTD), and securitisations, which gathered €35 million (€325 million YTD).

Assets under Advisory showed an excellent result and continued to be in high demand, as confirmed by the €400 million increase reported in June. Since year-start, Assets under Advisory grew by 78% compared to €2.3 billion at 31 December 2018, reaching a total of €4.0 billion.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "June was yet another month of sharp net inflows growth, with demand closely focused on the distinctive features of our diversified and protection-oriented solutions. The half-year figures confirm the strength of our financial advisors, who rank at the top of their market of reference by professionalism and expertise. Due to the current economic and geopolitical volatility and uncertainties, households are increasingly interested in our advanced advisory service, which is capable of carefully monitoring not just financial assets, but the client's overall wealth. The sustainability of our business model lets us look toward the future with confidence."

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 JUNE 2019

Million of Euros	Jun 2019	May 2019	Abs. Chg
Mutual Funds of which LUX IM	-60 256	102 175	-162 81
Managed Portfolio	12	-25	37
Mutual Funds and Managed Portfolio	-48	77	-125
Life Insurance of which: BG Stile Libero	162 94	119 33	43 61
Managed Assets	114	196	-82
Non Managed Assets of which: Securities, Structured products, Securitisations	293 49	279 85	14 -36
Total	407	475	-68
	Jan - Jun 2019	Jan - Jun 2018	Abs. Chg
Mutual Funds of which LUX IM	442 1,021	558 241	-116 780
Managed Portfolio	-267	251	-518
Mutual Funds and Managed Portfolio	175	809	-634
Life Insurance of which: BG Stile Libero	951 176	833 606	118 -430
Managed Assets	1,126	1,642	-516
Non Managed Assets of which: Securities, Structured products, Securitisations	1,712 691	1,511 741	201 -50
Total	2,838	3,153	-315
Life New Business
Life New Business	Jun 2019 258	May 2019 238	Abs. Chg 20
	Jan - Jun 2019	Jan - Jun 2018	Abs. Chg
Life New Business	1,693	1,486	207

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)