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Banca Generali Earnings Release 2021
4184_rns_2022-01-13_caf490d5-7915-42fc-a37b-892f2eef44bf.pdf
Earnings Release
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| Informazione Regolamentata n. 0856-2-2022 |
Data/Ora Ricezione 13 Gennaio 2022 11:08:08 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | BANCA GENERALI | |
| Identificativo Informazione Regolamentata |
: | 156234 | |
| Nome utilizzatore | : | BCAGENERALIN03 - Pastore | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 13 Gennaio 2022 11:08:08 | |
| Data/Ora Inizio Diffusione presunta |
: | 13 Gennaio 2022 11:08:09 | |
| Oggetto | : | PR: Banca Generali net inflows dec 21 | |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
Banca Generali closed 2021 with the best monthly and annual result ever
- December net inflows: €849 million (€696 million from managed solutions)
- 2021 total net inflows: €7.7 billion (€5.3 billion from managed solutions)
Assets under Advisory (AuA1 ) at €7.3 billion (+21% YOY)
Milan, 13 January 2022 – Banca Generali closed 2021 with the best monthly and annual result ever. In December, total net inflows amounted to €849 million and showed excellent quality and diversification. Managed, insurance and AUC solutions neared €1 billion overall (€986 million; +24% YOY), whereas current account liquidity decreased.
2021 total net inflows reached €7.7 billion (+31% YOY) — exceeding the previous 2017 record of €6.9 billion — and were again marked by an excellent product mix and diversification.
In detail, net inflows of managed solutions (€696 million; €5.3 billion for the year) were evenly distributed, with particularly positive results shown by financial wrappers (€242 million in December; €938 million for the year) and insurance wrappers (€141 million in December; €1.4 billion for the year). The Lux IM Sicav continued its constant growth reaching €178 million in December and €1.5 billion for the year.
Assets under Advisory amounted to €7.3 billion (+21% YOY), increasing by €155 million in December.
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 40826683
Investor Relations Giuliana Pagliari Tel.: +39 02 40826548
Chief Executive Officer and General Manager Gian Maria Mossa stated: "Our strong efforts aimed at diversifying and protecting our clients' wealth, and the continuous innovation of our investment solutions and expansion of our range of products and services are leading us towards higher-thanexpected results. Our robust net inflows, including from managed products — achieved without extraordinary incentives or digital promotions, but rather thanks to our bankers' household advisory work — are an excellent result that is propelling us towards new annual all-time highs. The many recognitions for our sustainable offering model and the efficacy of our asset management and digital solutions confirm the soundness of the path we have embarked upon. Our clients' increasing confidence in us is the best starting point for presenting our growth ambitions in view of the new three-year plan to be launched in February."
NET INFLOWS AND LIFE NEW BUSINESS – DECEMBER 2021
PRESS RELEASE
| Million of Euros | Dec 2021 |
Dec 2020 |
Jan-Dec 2021 |
Jan-Dec 2020 |
|---|---|---|---|---|
| Mutual Funds and SICAVs of which LUX IM |
313 178 |
515 261 |
2,922 1,536 |
2,169 1,866 |
| Financial Wrappers | 242 | 75 | 938 | 119 |
| Insurance Wrappers | 141 | 147 | 1,443 | 894 |
| Managed Solutions | 696 | 737 | 5,303 | 3,182 |
| Traditional life Insurance policies | 43 | 19 | -487 | 203 |
| Managed solutions and life insurance | 739 | 756 | 4,816 | 3,385 |
| Assets Under Custody of which: Structured products, Securitisations |
247 117 |
41 72 |
925 1,088 |
1,487 871 |
| Deposits | -137 | -15 | 1944 | 994 |
| AuC products and current accounts | 110 | 26 | 2,869 | 2,481 |
| Total Net Inflows | 849 | 782 | 7,685 | 5,866 |
| Dec 2021 |
Dec 2020 |
S.I. to Dec 2021 |
S.I. to Dec 2020 |
|
| Assets Under Advanced Advisory | 155 | 177 | 7,294 | 6,016 |
| Dec | Dec | Jan-Dec | Jan-Dec | |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| Life New Business | 453 | 178 | 4,409 | 2,348 |
CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi Tel. +39 02 40826683
Investor Relations Giuliana Pagliari Tel.: +39 02 40826548
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)