Banca Generali — Earnings Release 2022

Oct 10, 2022

Informazione Regolamentata n. 0856-65-2022		Data/Ora Ricezione 10 Ottobre 2022 12:25:03	Euronext Milan
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	168045
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	REGEM
Data/Ora Ricezione	:	10 Ottobre 2022 12:25:03
Data/Ora Inizio Diffusione presunta	:	10 Ottobre 2022 12:25:04
Oggetto	:		PR: net inflows Banca Generali sept 2022
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €262 million in September (€4,059 million YTD)

Assets under Custody (AUC) net inflows grew further to €255 million (€2,200 million YTD)

Milan, 10 October 2022 - Total net inflows amounted to €262 million in September, bringing the YTD figure to nearly €4.1 billion. In a market context that continues to be very complex, this result reflects the Bank's solid commercial trend.

In September, the net inflow mix — influenced by the ongoing volatility and the negative financial market trend — focused on protection and liquidity, and particularly on Assets under Custody (AUC), which amounted to €255 million in September (€2.2 billion YTD), and current accounts (€81 million in the month; €1.1 billion YTD).

Among managed solutions (€1.2 billion YTD), financial wrappers contributed with €37 million, confirming their good trend (€471 million YTD) thanks to their personalisation and diversification features particularly appreciated by our customers.

Net inflows from Assets under Advisory amounted to €383 million YTD. Total assets reached €6.8 billion, net of the market performance in the period.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "This was a month of great volatility and uncertainty due to economic and geopolitical tensions, and we stood alongside investors in facing their wealth protection challenges. Our solid net inflows and focus on AUC solutions confirm the guarantee and quality represented by our brand and our professionals. Faced with market complexities, at our strategic meeting with our bankers in September we redefined our guidelines for the coming months, adding several initiatives and new products. This makes us very confident we will achieve a further robust acceleration in the fourth quarter of 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 40826548

giuliana.pagliari@bancagenerali.it

NET INFLOWS AND LIFE NEW BUSINESS IN SEPTEMBER 2022

PRESS RELEASE

Million of Euros	Sept 2022	Sept 2021	Jan-Sept 2022	Jan-Sept 2021
Mutual Funds and SICAVs	-24	185	504	2,123
of which - In House Funds	-2	120	88	856
of which - Third party Funds	-22	65	416	1,267
Financial Wrappers	37	62	471	566
Insurance Wrappers	-13	132	237	1,018
Managed Solutions	0	379	1,212	3,707
Traditional life Insurance policies	-74	-62	-418	-524
Managed solutions and life insurance	-74	317	794	3,183
Assets Under Custody	255	19	2,200	844
of which: Structured products	21	68	497	742
Deposits	81	76	1065	1,438
AuC products and current accounts	336	95	3,265	2,282
Total Net Inflows	262	412	4,059	5,465

	Jan-Sept 2022	Jan-Sept 2021	Assets to Sept 2022	Assets to Sept 2021
Assets Under Advanced Advisory (Net Inflows)	383	739	6,804	6,919
	Sept	Sept	Jan-Sept	Jan-Sept

	2022	2021	2022	2021
Life New Business	152	449	1,821	3,144

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