Banca Generali — Earnings Release 2019

Jan 14, 2020

Informazione Regolamentata n. 0856-2-2020		Data/Ora Ricezione 14 Gennaio 2020 09:52:20	MTA
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	126622
Nome utilizzatore	:	BCAGENERALIN01 - Maggiolini
Tipologia	:	REGEM
Data/Ora Ricezione	:	14 Gennaio 2020 09:52:20
Data/Ora Inizio Diffusione presunta	:	14 Gennaio 2020 09:52:21
Oggetto	:	PR: net inflows december
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €614 million in December (€5,130 million for the year)

Net inflows of managed products at €388 million (€2,799 million for the year)

Assets under Advisory at €4.7 billion (+€2.4 billion for the year)

Milan, 14 January 2020 – Banca Generali's net inflows amounted to €614 million in December, bringing the year total to over €5.1 billion. The demand for managed solutions seen in the second half of the year was confirmed, with €388 million in December and €2.8 billion for the year.

Banca Generali's new LUX IM Sicav was the most successful product in December (€216 million in the month) and for the entire year with €2,130 million. This result was attributable to the innovation and diversification of the different sub-funds. Worthy of notice among managed products was also the €89 million net inflows in financial wrappers thanks to the increase and diversification of investment lines. The combined performance of our Luxembourg-based platform and financial wrappers, BG Solution, delivered an outstanding 9.5% performance¹ for clients, of which financial wrappers delivered 8.4% and retail SICAV 10.5%.

Also hybrid insurance wrappers, BG Stile Libero, continued to report a positive trend with €82 million net inflows in December (€544 million for the year).

New current account deposits amounted to €247 million in December (€1.6 billion for the year), which will be properly requalified during the coming months, when better opportunities arise.

Last but not least, Assets under Advisory continued to increase, reaching €4.7 billion at year-end (€100 million in December and €2.4 billion for 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

giuliana.pagliari@bancagenerali.it

Chief Executive Officer and General Manager Gian Maria Mossa stated: "The acceleration seen in December marked yet another year of strong growth for our Company, which once again was a point of reference for the networks thanks to its innovation ability, as well as to the quality and quantity of its results. The versatile range of products and services and the expertise of our bankers continued to attract new inflows, especially in the private segment, where our tailor-made and freeof-conflict investment solutions for wealth protection are particularly appreciated. At a moment when investments continue to be affected by liquidity, our Assets under Advisory are growing at a higher rate than expected: we are very satisfied with this and with the strong contribution to net inflows delivered by our existing FAs. Investors have shown appreciation for our product innovation and our commitment to sustainable development and demand continues to be high. For this reason, we look towards the prospects for the first months of 2020 with much confidence."

PRESS RELEASE

NET INFLOWS AND LIFE NEW BUSINESS IN DECEMBER 2019

215 216 89 304 84 82 388	213 216 -21 192 104 130 296	2 0 110 112 -20 -48
		92
226 -21	77 224	149 -245
614	373	241
Jan - Dec 2019	Jan - Dec 2018	Abs. Chg
		856
2,130	758	1,372
-322	-78	-244
1,320	708	612
1,479 544	1,520 1,040	-41 -496
2,799	2,228	571
2,331	2,792	-461
747	1,424	-677
5,130	5,020	110
Dec 2019	Nov 2019	Abs. Chg
219	247	-28
Jan - Dec 2019	Jan - Dec 2018	Abs. Chg
	1,642	786

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