Banca Generali — Earnings Release 2020

Mar 6, 2020

Informazione Regolamentata n. 0856-9-2020		Data/Ora Ricezione 06 Marzo 2020 14:05:31	MTA
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	128375
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	REGEM
Data/Ora Ricezione	:	06 Marzo 2020 14:05:31
Data/Ora Inizio Diffusione presunta	:	06 Marzo 2020 14:05:32
Oggetto	:	PR: Net Inflows February 2020
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €539 million in February (€977 million YTD)

Net inflows of managed products at €226 million (€369 million YTD)

Milan, 6 March 2020 - Banca Generali's net inflows grew in February in terms of volumes and product mix, confirming a year-start marked by a very strong demand, in particular for the innovative Luxembourg-based Sicav LUX IM. February total net inflows reached €539 million, nearing €1 billion in the first two months of 2020 alone.

Managed products grew sharply compared to the previous month, with an acceleration in all most innovative solutions: the new Sicav LUX IM reported the best performance with €282 million for the month, bringing its YTD total to €448 million, whereas the new insurance wrappers BG Stile Libero and Lux Protection Life gathered €118 million for the month and €217 million YTD.

AUC also performed well, with net inflows amounting to €166 million (€245 million YTD), invested primarily in new issues of structured products/securitisations. Net inflows in current accounts amounted to €147 million (€363 million YTD), driven by financial markets' volatility, as customers are awaiting better investment opportunities.

In February, Assets under Advisory reached €4.9 billion, up by €200 million since year-start.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "A very solid start to the year despite the increasing market complexity and uncertainties and the concerns that we all share regarding the Coronavirus. In this scenario, net inflows of nearly one billion euros in two months are a considerable result, made possible by the unwavering daily efforts of our professionals, in providing wealth protection and diversification advice to households. The versatility and customisation offered by our solutions are proving particularly effective at this historic time, and the efforts devoted to the digital approach for remote interaction and transactions ensure us operating and business continuity even in stressfull situations. The quality of our professionals, our highly diversified approach and the strength of our brand allow us to look towards the coming months with confidence in our ability to continue to outperform the market."

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 FEBRUARY 2020

Million of Euros	Feb 2020	Jan 2020	Abs. Chg
Mutual Funds of which LUX IM	209 282	109 166	100 116
Managed Portfolio	-29	-25	-4
Mutual Funds and Managed Portfolio	180	84	96
Life Insurance of which: BG Stile Libero & Lux Protection Life	46 118	59 99	-13 19
Managed Assets	226	143	83
Non Managed Assets of which: Securities, Structured products, Securitisations	313 166	295 79	18 87
Total	539	438	101
	Feb 2020	Feb 2019	Abs. Chg
Mutual Funds of which LUX IM	318 448	143 166	175 282
Managed Portfolio	-54	-150	96
Mutual Funds and Managed Portfolio	264	-7	271
Life Insurance of which: BG Stile Libero e Lux Protection Life	105 217	419 19	-314 198
Managed Assets	369	412	-43
Non Managed Assets of which: Securities, Structured products, Securitisations	608 245	463 319	145 -74
Total	977	875	102
Life New Business
Life New Business	Feb 2020 242	Jan 2020 144	Abs. Chg 98
	Feb 2020	Feb 2019	Abs. Chg
Life New Business	386	672	-286

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

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)