Banca Generali — Earnings Release 2022

Sep 9, 2022

Informazione Regolamentata n. 0856-58-2022		Data/Ora Ricezione 09 Settembre 2022 10:53:41	Euronext Milan
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	166802
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	REGEM
Data/Ora Ricezione	:	09 Settembre 2022 10:53:41
Data/Ora Inizio Diffusione presunta	:	09 Settembre 2022 10:53:42
Oggetto	:	PR: Net inflows August 2022
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €206 million in August (€3,797 million YTD)

Net inflows of managed solutions at €51 million (€1,212 million YTD)

Milan, 9 September 2022 - Total net inflows amounted to €206 million in August, bringing the YTD figure to nearly €3.8 billion. This positive result was achieved despite the months' seasonality, which was further worsened by the geopolitical tensions and the financial markets' volatility. In addition, the result also takes into account the €193.9 million taxes paid, further up compared to €132.3 million in August 2021.

In the summer season, the Bank continued to focus on assisting its clients in grasping market opportunities through an approach based on diversification, protection and advanced advisory.

In detail, AUC amounted to €198 million in August (€1.9 billion YTD), with Assets under Advisory (BGPA) reaching €7.0 billion at the end of the period.

Net inflows from managed solutions amounted to €51 million (€1.2 billion YTD), thanks to the steady net inflows of funds (€58 million; €528 million YTD) and financial wrappers (€34 million; €434 million YTD).

Chief Executive Officer and General Manager Gian Maria Mossa stated: "The rising market volatility and the renewed energy and inflationary pressures of recent weeks are driving private clients to cautiously seek protection. Notwithstanding the impact of taxes paid in the period, the inflationary pressures and the macroeconomic and geopolitical uncertainties, we continue to record positive net inflows thanks to the quality of our advisory services and to our wide range of products, which are able to best meet our clients' needs. Despite the economic challenges and geopolitical unknowns, we are confident that we will continue to grow in line with our targets."

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 AUGUST 2022

PRESS RELEASE

Million of Euros	Aug 2022	Aug 2021	Jan-Aug 2022	Jan-Aug 2021
Mutual Funds and SICAVs	58	241	528	1,938
of which - In House Funds	27	89	90	736
of which - Third party Funds Financial Wrappers	31 34	152 87	438 434	1,202 504
Insurance Wrappers	-41	50	250	886
Managed Solutions	51	378	1,212	3,328
Traditional life Insurance policies	-46	83	-344	-461
Managed solutions and life insurance	5	461	868	2,867
Assets Under Custody	198	53	1,945	825
of which: Structured products	29	82	477	673
Deposits	3	49	984	1,362
AuC products and current accounts	201	102	2,929	2,187
Total Net Inflows	206	563	3,797	5,054
	Jan-Aug 2022	Jan-Aug 2021	Assets to Aug 2022	Assets to Aug 2021

356	641	7,021	6,858

	Aug	Aug	Jan-Aug	Jan-Aug
	2022	2021	2022	2021
Life New Business	90	180	1,669	2,695

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