Banca Generali — Earnings Release 2022

Dec 5, 2022

Informazione Regolamentata n. 0856-73-2022		Data/Ora Ricezione 05 Dicembre 2022 11:58:26	Euronext Milan
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	170170
Nome utilizzatore	:	BCAGENERALIN04 - Zazzaro
Tipologia	:	REGEM
Data/Ora Ricezione	:	05 Dicembre 2022 11:58:26
Data/Ora Inizio Diffusione presunta	:	05 Dicembre 2022 11:58:27
Oggetto	:		Net inflows Banca Generali november 2022
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €501 million in November (€5,066 million YTD)

Net inflows in managed solutions at €343 million (€1,564 million YTD), driven by new funds and financial wrappers

Milan, 5 December 2022 – Total net inflows amounted to €501 million in November, bringing the YTD total to €5.1 billion. The figure is even more significant when considering the impact of the usual November tax deadlines (€235 million for the month vs. €165 million last year), net of which this was the best 2022 month in terms of volumes and product mix.

Demand for managed solutions and advanced advisory on assets under custody sharply recovered in November, exceeding €500 million overall, due to the launch of new products aimed at seizing the opportunities offered by bond and equity markets after months of strong volatility. In detail, net inflows in managed solutions amounted to €343 million (€1.6 billion YTD), mostly driven by in-house solutions totalling €273 million (€1,112 million YTD), with €195 million net inflows in financial wrappers (€752 million YTD) and €82 million in funds/Sicavs (€164 million YTD).

Net inflows in AUC solutions remained significant — with primary and structured products totalling €259 million in the month of which almost €200 million for the subscription of BTP Italia — also in response to the strengthening of the recently launched bond advisory services.

Net inflows in Assets under Advisory brought the YTD total to €619 million, whereas total assets reached €7.2 billion.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "November was the best month of the year in terms of net inflows in managed assets and advanced advisory demand for a total exceeding half a billion euros. It confirmed our ability to promptly meet households' needs with quality solutions. Our closeness to clients is testified by the strong net inflows for the month which proved excellent, net of tax deadlines at the end of November, considering that this result was achieved thanks to our network's activity alone, in advisory and planning as is typical of our business model as a private bank. The versatility of our solutions strengthened the fee mix in November, thus best satisfying our bankers' competences and addressing clients' investment needs. Despite the ongoing market uncertainties and volatility, the acceleration witnessed over the past few weeks and the success of the new products presented in autumn, after our strategic meeting with our network, make us look with optimism to the end of this year and the start of the new one."

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 IN NOVEMBER 2022

PRESS RELEASE

Million of Euros	Nov 2022	Nov 2021	Jan-Nov 2022	Jan-Nov 2021
Mutual Funds and SICAVs	152	282	616	2,609
of which - In House Funds	82	140	164	1,102
of which - Third party Funds	70	142	452	1,507
Financial Wrappers	195	168	752	696
Insurance Wrappers	-4	145	196	1,302
Managed Solutions	343	595	1,564	4,607
Traditional life Insurance policies	-162	10	-742	-530
Managed solutions and life insurance	181	605	822	4,077
Assets Under Custody	843	162	3,476	678
of which: Structured products	36	132	566	971
Deposits	-523	43	768	2,081
AuC products and current accounts	320	205	4,244	2,759
Total Net Inflows	501	810	5,066	6,836

	Jan-Nov 2022	Jan-Nov 2021	Assets to Nov 2022	Assets to Nov 2021
Assets Under Advanced Advisory (Net Inflows)	619	837	7,208	7,139
	Nov 2022	Nov 2021	Jan-Nov 2022	Jan-Nov 2021
Life New Business	196	463	2,187	3,956

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 40826548

giuliana.pagliari@bancagenerali.it