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Banca Generali — Earnings Release 2021
Oct 6, 2021
4184_rns_2021-10-06_f9bf998e-9c3a-433c-afc1-3429f79cd811.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-55-2021 |
Data/Ora Ricezione 06 Ottobre 2021 10:56:05 |
MTA | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 152722 | |
| Nome utilizzatore | : | BCAGENERALIN03 - Pastore | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 06 Ottobre 2021 10:56:05 | |
| Data/Ora Inizio Diffusione presunta |
: | 06 Ottobre 2021 10:56:06 | |
| Oggetto | : | PR: Banca Generali net inflows sept 21 | |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
Total net inflows at €412 million in September (€5.5 billion YTD)
Net inflows of managed solutions at €379 million (€3.7 billion YTD)
Assets under Advisory (AuA1 ) at €6.9 billion (+29% YOY)
Milan, 6 October 2021 – Net inflows amounted to €412 million in September, showing — despite the seasonality — a robust trend both in terms of volumes and mix quality, with managed solutions accounting for over 90% of the total. The monthly figure confirmed and, in terms of mix, strengthened the trend of the previous months.
Net inflows reached €5.5 billion (+34%) YTD, with managed solutions amounting to €3.7 billion (+102%) and accounting for 68% of total net inflows (compared to 45% for the same period of the previous year).
In detail, managed solutions more than doubled in September to €379 million (+146%), particularly thanks to net inflows from insurance wrappers (€132 million, €1.0 billion YTD), and the new Lux IM Sicav (€130 million; €1.1 billion YTD). The latter benefitted from the late July launch of new thematic, ESG and industrial advisory strategies.
Assets under Advisory amounted to €6.9 billion (+29% YOY), increasing by €61 million in September (€903 million YTD).
Chief Executive Officer and General Manager Gian Maria Mossa stated: "We are very satisfied with the result and mix of net inflows for the past month, which was the best September ever for our Bank, confirming the strong trend of recent months despite the traditional post-holiday seasonality. Managed solutions continued to be in high demand both from a financial and insurance standpoint, also thanks to the continuous innovation of our range of products and services. The key, distinctive element of our model continues to be the quality of our financial advisors and their professional support to households, which are increasingly interested in comprehensive wealth advisory. On this basis, we look with confidence to our growth opportunities in the final part of the year."
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 40826683
Investor Relations Giuliana Pagliari Tel.: +39 02 40826548
NET INFLOWS AND LIFE NEW BUSINESS - SEPTEMBER 2021
PRESS RELEASE
| Million of Euros | Sept 2021 |
Sept 2020 |
Jan-Sept 2021 |
Jan-Sept 2020 |
|---|---|---|---|---|
| Mutual Funds and SICAVs | 185 | 91 | 2,123 | 1,250 |
| of which LUX IM | 130 | 83 | 1,080 | 1,319 |
| Financial Wrappers | 62 | 43 | 566 | 56 |
| Insurance Wrappers | 132 | 20 | 1,018 | 530 |
| Managed Solutions | 379 | 154 | 3,707 | 1,836 |
| Traditional life Insurance policies | -62 | -37 | -524 | 229 |
| Managed solutions and life insurance | 317 | 117 | 3,183 2,065 |
|
| Assets Under Custody | 19 | 114 | 844 | 1,452 |
| of which: Structured products, Securitisations | 22 | 30 | 742 | 690 |
| 76 | 159 | 1438 | 548 | |
| AuC products and current accounts | 95 | 273 | 2,282 2,000 |
|
| Total Net Inflows | 412 | 390 | 5,465 | 4,065 |
| Sept 2021 |
Sept 2020 |
S.I. to Sept 2021 |
S.I. to Sept 2020 |
|
| Assets Under Advanced Advisory | 61 | -30 | 6,919 | 5,353 |
| Sept | Sept | Jan-Sept | Jan-Sept |
| Sept | Sept | Jan-Sept | Jan-Sept | |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| Life New Business | 449 | 101 | 3,144 | 1,754 |
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
Investor Relations Giuliana Pagliari Tel.: +39 02 40826548