Banca Generali — Earnings Release 2020

Sep 9, 2020

Informazione Regolamentata n. 0856-53-2020		Data/Ora Ricezione 09 Settembre 2020 09:38:54	MTA
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	136737
Nome utilizzatore	:	BCAGENERALIN01 - Maggiolini
Tipologia	:	REGEM
Data/Ora Ricezione	:	09 Settembre 2020 09:38:54
Data/Ora Inizio Diffusione presunta	:	09 Settembre 2020 09:38:56
Oggetto	:	PR: Banca Generali net Inflows August 2020
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows amounted to €331 million in August (€3,675 million YTD)

Net inflows of managed solutions and life insurance at €137 million (€1,948 million YTD)

Milan, 9 September 2020 - Banca Generali's total net inflows amounted to €331 million in August, with a YTD total of nearly €3.7 billion, exceeding that for the same period of the previous year despite the extraordinary COVID-19-related context.

August net inflows favoured the most advanced managed solutions (€165 million; €1.7 billion YTD) even taking into account the seasonality of the period. Managed solutions doubled compared to the previous year, driven by the Luxembourg-based Sicav LUX IM (€59 million in August; €1.2 billion YTD) and the BG Stile Libero insurance wrappers (€35 million in August; €510 million YTD).

With regard to AUC, €54 million structured products and securitisations were issued for a total of €660 million YTD. Liquidity on current accounts amounted to €88 million (€389 million YTD).

Assets under Advisory (BGPA) further grew to €5.4 billion, up €112 million in August.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "This is a very solid result, better than last year and even more significant when considering the economic context and climate of uncertainty in which it was achieved, in addition to the seasonality of the period. We are experiencing a strong interest, not only from clients, but also from Wealth Managers who are seeking to develop their competencies and professionalism and appreciate Banca Generali's openbanking model and flexible, high-quality offer. Our focus on Assets under Advisory and thematic, alternative solutions — which set our Company apart — continues to drive a dynamic performance in managed products and services, reinforcing our confidence in the final part of the year."

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

t

giuliana.pagliari@bancagenerali.i

PRESS RELEASE

NET INFLOWS AND LIFE NEW BUSINESS IN AUGUST 2020

Million of Euros	Aug 2020	Aug 2019	Jan-Aug 2020	Jan-Aug 2019
Mutual Funds and SICAVs of which LUX IM	107 59	148 129	1,159 1,236	900 1,412
Financial Wrappers	23	-44	13	-324
Insurance Wrappers	35	-1	510	221
Managed Solutions	165	103	1,682	797
Traditional life Insurance policies	-28	22	266	884
Managed solutions and life insurance	137	125	1,948	1,681
Assets Under Custody of which: Structured products, Securitisations	106 54	22 56	1,338 660	663 684
Deposits	88	168	389	1,123
AuC products and current accounts	194	190	1,727	1,786
Total Net Inflows	331	315	3,675	3,467

	Aug 2020	Aug 2019	S.I. to Aug. 2020	S.I. to Aug. 2019
Assets Under Advanced Advisory	112	20	5,383	4,285

	Aug	Aug	Jan-Aug	Jan-Aug
	2020	2019	2020	2019
Life New Business	77	126	1,653	2,058

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)

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

t

giuliana.pagliari@bancagenerali.i