Banca Generali — Earnings Release 2019

Jun 4, 2019

Informazione Regolamentata n. 0856-26-2019		Data/Ora Ricezione 04 Giugno 2019 18:11:18	MTA
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	119391
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	3.1
Data/Ora Ricezione	:	04 Giugno 2019 18:11:18
Data/Ora Inizio Diffusione presunta	:	04 Giugno 2019 18:11:19
Oggetto	:	PR: Net inflows May
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €475 million in May (€2,431 million YTD)

Net inflows of managed products at €196 million (€1,012 million YTD)

Assets under Advisory at €3.6 billion (+€300 million in May)

Milan, 4 June 2019 – In May, Banca Generali reported high net inflows amounting to €475 million (€2.4 billion YTD).

With regard to managed products, the innovative Luxembourg-based Sicav LUX IM¹ showed an excellent performance, with €175 million net inflows in May and €765 million YTD. Insurance products, and LOB I policies in particular, continued to be in high demand (€86 million in May; €707 million YTD) as a defensive investment in high-volatility periods.

Professional clients continued to show high appreciation for the new AUC solutions, which totalled €112 million net inflows (€452 million YTD), of which €66 million generated by newly issued certificates (€162 million YTD) and €46 million by illiquid products (€290 million YTD).

The net inflows increase was accompanied by a sharp growth in Assets under Advisory, which reached €3.6 billion, up €1.3 billion YTD thanks to advanced advisory services focusing on the clients' financial and non-financial wealth.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "May was yet another excellent month, even more remarkable considering the heightened market volatility and uncertainties in the period. Professional advisory services oriented to wealth protection continued to meet with success, and the quality of both our bankers and our offer were increasingly appreciated. The growth of Assets under Advisory exceeded our expectations, confirming the solidity of our wealth management and financial planning approach. In a context of caution due to geo-political tensions, the demand for our multiple investment solutions allows us to look with confidence to our prospects for 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 MAY 2019

Million of Euros	May 2019	Apr 2019	Abs. Chg
Mutual Funds of which LUX IM	102 175	143 204	-41 -29
Managed Portfolio	-25	-39	14
Mutual Funds and Managed Portfolio	77	104	-27
Life Insurance	119	102	17
Managed Assets	196	206	-10
Non Managed Assets of which: Securities	279 85	339 78	-60 7
Total	475	545	-70
	Jan - May 2019	Jan - May 2018	Abs. Chg
Mutual Funds of which LUX IM	502 765	417 0	85 765
Managed Portfolio	-279	270	-549
Mutual Funds and Managed Portfolio	223	687	-464
Life Insurance	789	743	46
Managed Assets	1,012	1,430	-418
Non Managed Assets of which: Securities	1,419 642	1,221 428	198 214
Total	2,431	2,651	-220
Life New Business
	May 2019	Apr 2019	Abs. Chg
Life New Business	238	231	7
	Jan - May 2019	Jan - May 2018	Abs. Chg
Life New Business	1,435	1,241	194

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)