Banca Generali — Earnings Release 2021

Aug 5, 2021

Informazione Regolamentata n. 0856-46-2021		Data/Ora Ricezione 05 Agosto 2021 10:59:07	MTA
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	150876
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	REGEM
Data/Ora Ricezione	:	05 Agosto 2021 10:59:07
Data/Ora Inizio Diffusione presunta	:	05 Agosto 2021 10:59:09
Oggetto	:	PR: net inflows Banca Generali July 21
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €695 million in July (€4.5 billion YTD)

Net inflows of managed solutions at €457 million (€2.95 billion YTD)

Assets under Advisory (AuA¹ ) at €6.9 billion

Milan, 5 August 2021 – Net inflows amounted to €695 million in July (+32% YoY), bringing the YTD total to €4.5 billion (+34% YoY).

The increase in net inflows was characterized not only by its significant volumes but also by the quality of its composition. Managed solutions accounted for 66% of total net inflows both for the month with €457 million (+51% YoY) and YTD with €2.95 billion (+94% YoY).

Among individual products, Lux IM Sicav continued to stand out for its growth trend and expanded its offering in late July, introducing a wide range of new strategies. Its net inflows reached €143 million in July (€850 million YTD), driving a strong increase in overall retail funds/Sicavs (€271 million in July, €1.7 billion YTD).

We also registered a strong demand for insurance wrappers (€129 million in July, €836 million YTD), which have now established as the insurance solution of reference in light of the current bond market context.

Liquidity also increased, mainly driven by the acquisition of new clients (€190 million in July, €1.3 billion YTD).

Assets under Advisory totalled €6.9 billion (+30% YoY).

Chief Executive Officer and General Manager Gian Maria Mossa stated: "We are highly satisfied with our July results, which confirm the quality of our managed solutions and our Financial Advisors' commitment to assisting households in their wealth diversification and protection choices. The expansion of the Lux IM Sicav range at the end of July is yet another important step towards a further strengthening of our thematic and ESG strategies, which are an increasingly distinctive factor appreciated by our clients. Our net inflows are a tangible proof of the quality of our Financial Advisors and of the high profiles of our new recruits, both outstanding at the Bank as well as at sector level. The ongoing interest that so many new clients and Financial Advisors show towards our Bank lead us to confirm our positive 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 40826548

giuliana.pagliari@bancagenerali.it

NET INFLOWS AND LIFE NEW BUSINESS - JULY 2021

PRESS RELEASE

Million of Euros	Jul 2021	Jul 2020	Jan-Jul 2021	Jan-Jul 2020
Mutual Funds and SICAVs	271	128	1,697	1,052
of which LUX IM	143	110	850	1,177
Financial Wrappers	57	57	417	-10
Insurance Wrappers	129	118	836	475
Managed Solutions	457	303	2,950	1,517
Traditional life Insurance policies	-71	141	-544	294
Managed solutions and life insurance	386	444	2,406	1,811
Assets Under Custody	119	42	772	1,232
of which: Structured products, Securitisations	139	50	638	607
Deposits	190	42	1312	301
AuC products and current accounts	309	84	2,084	1,533
Total Net Inflows	695	528	4,490	3,344
	Jul 2021	Jul 2020	S.I. to Jul 2021	S.I. to Jul 2020
Assets Under Advanced Advisory	34	151	6,865	5,271
	Jul 2021	Jul 2020	Jan-Jul 2021	Jan-Jul 2020
Life New Business	350	375	2,515	1,576

CONTACTS:

www.bancagenerali.com

Media Relations Michele Seghizzi Tel. +39 02 40826683

michele.seghizzi@bancagenerali.it

Investor Relations Giuliana Pagliari Tel.: +39 02 40826548

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)