Banca Generali — Earnings Release 2022

Aug 4, 2022

Informazione Regolamentata n. 0856-55-2022		Data/Ora Ricezione 04 Agosto 2022 09:59:20	Euronext Milan
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	165795
Nome utilizzatore	:	BCAGENERALIN03 - Pastore
Tipologia	:	REGEM
Data/Ora Ricezione	:	04 Agosto 2022 09:59:20
Data/Ora Inizio Diffusione presunta	:	04 Agosto 2022 09:59:21
Oggetto	:	PR: Banca Generali net inflows July 22
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €543 million in July (€3,591 million YTD)

Net inflows of managed solutions at €57 million (€1,161 million YTD)

Milan, 4 July 2022 - Total net inflows amounted to €543 million in July, bringing the YTD figure to nearly €3.6 billion. The solid growth trend of the previous months therefore continued, despite the complex global economic e financial context.

In July, the Bank focused on advanced advisory and bespoke solutions to support clients in taking the opportunities currently offered by the markets.

In detail, AUC grew sharply to €486 million (€1.7 billion YTD). This performance was accompanied by an acceleration in households' demand for financial advisory, with a €169 million increase in July (€324 million YTD) that led Assets under Advisory (BGPA) to exceed €7.0 billion at period-end.

Among managed solutions (€57 million in July; €1.2 billion YTD), demand for insurance and financial wrappers continued to be high (€50 million; €691 million YTD), thanks to their personalisation and diversification features.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "In July, net inflows continued to grow steadily. In a context marked by ongoing volatility, private clients' demand shifted increasingly towards advanced advisory services and tailor-made coupon-oriented wrappers with a diversified profile. Our bankers' strong daily commitment in standing alongside clients and the excellent feedbacks we are recording let us look towards our ambitious annual targets with optimism."

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 JULY 2022

PRESS RELEASE

Million of Euros	Jul 2022	Jul 2021	Jan-Jul 2022	Jan-Jul 2021
Mutual Funds and SICAVs	7	271	470	1,697
of which - In House Funds	-11	122	63	647
of which - Third party Funds	18	149	407	1,050
Financial Wrappers	23	57	400	417
Insurance Wrappers	27	129	291	836
Managed Solutions	57	457	1,161	2,950
Traditional life Insurance policies	-66	-71	-298	-544
Managed solutions and life insurance	-9	386	863	2,406
Assets Under Custody	486	119	1,747	772
of which: Structured products	25	139	448	591
Deposits	66	190	981	1,312
AuC products and current accounts	552	309	2,728	2,084
Total Net Inflows	543	695	3,591	4,490
	Jan-Jul 2022	Jan-Jul 2021	Assets to Jul 2022	Assets to Jul 2021

	2022	2021	Jul 2022	Jul 2021
Assets Under Advanced Advisory (Net Inflows)	324	622	7,028	6,865

	Jul	Jul	Jan-Jul	Jan-Jul
	2022	2021	2022	2021
Life New Business	172	350	1,579	2,515

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)