Banca Generali — Earnings Release 2023

Oct 9, 2023

Informazione Regolamentata n. 0856-51-2023		Data/Ora Inizio Diffusione 09 Ottobre 2023 11:00:48	Euronext Milan
Societa'	:	BANCA GENERALI
Identificativo Informazione Regolamentata	:	182061
Nome utilizzatore	:	BCAGENERALIN04 - Zazzaro
Tipologia	:	REGEM
Data/Ora Ricezione	:	09 Ottobre 2023 11:00:47
Data/Ora Inizio Diffusione	:	09 Ottobre 2023 11:00:48
Oggetto	:	Banca Generali – PR Net Inflows September 2023
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Total net inflows at €373 million in September (€4,344 million YTD)

Net inflows of managed solutions and advanced advisory on administered assets at €98 million (€2,178 million YTD)

Milan, 9 October 2023 – Banca Generali's net inflows amounted to €373 million in September (+42% compared to September 2022), bringing the YTD total to over €4.3 billion, up 7% compared to the same period of the previous year, despite the high volatility of global financial markets.

As regards the net inflow mix, liquidity recorded the greatest increase YTD, with €260 million in September, while AUC net inflows were €265 million, for total net inflows from administered assets of €525 million in the month (€4.8 billion YTD).

Among managed products, financial wrappers stood out for their result (€61 million in September; €525 million YTD), thanks both to their personalisation options and to the new lines aimed at exploiting bond market investment opportunities.

Net inflows from insurance products mirrored the reflective approach pending the launch of new solutions and strategies planned as of October.

Net inflows from managed solutions and advanced advisory on administered assets grew by €98 million in September, totalling €2.2 billion YTD (+40% YoY).

Chief Executive Officer and General Manager Gian Maria Mossa stated: "Net inflows rose sharply in September compared to the same period of the previous year, thus confirming the growth trend of our net inflows for 2023. September has always been a month of transition, with our bankers waiting for the traditional annual convention that presents the strategic novelties and new products and services for the last part of the year. In particular, we expect that our new insurance platform and the renewal of BGFML offering will support our quality results in the fourth quarter. Moreover, in September the most demanding customers continued to show interest in value-added investment services, advanced advisory and financial wrappers, with total net inflows of €1.7 billion, more than double (+111%) the amount for the same period of the previous year."

CONTACTS:

www.bancagenerali.com

Media Relations Michele Seghizzi Tel. +39 02 408 26683

michele.seghizzi@bancagenerali.it

Investor Relations Giuliana Pagliari Tel: +39 02 408 26548

giuliana.pagliari@bancagenerali.it

PRESS RELEASE

NET INFLOWS IN SEPTEMBER 2023

Million of Euros	Sept 2023	Sept 2022	Jan-Sept 2023	Jan-Sept 2022
Mutual Funds and SICAVs	-73	-24	289	504
of which - In House Funds	-23	-2	410	88
of which - Third party Funds	-50	-22	-121	416
Financial Wrappers	61	37	525	471
Insurance Wrappers	-28	-13	28	237
Managed Solutions	-40	0	842	1,212
Traditional Life Insurance Policies	-112	-74	-1,291	-418
Managed Solutions and Life Insurance	-152	-74	-449	794
Assets Under Custody	265	255	6,214	1,920
of which - Structured products	74	20	762	497
Liquidity	260	81	-1,421	1,345
of which - Deposits	154	81	-1,719	1,065
of which - Repo	106	0	298	280
Administered Assets	525	336	4,793	3,265
Total Net Inflows	373	262	4,344	4,059

	Sept 2023	Sept 2022	Jan-Sept 2023	Jan-Sept 2022
Advanced Advisory Net Inflows	136	27	1,242	383
of which Advanced Advisory on Administered Assets	138	37	1,336	343
Assets Under Advanced Advisory	-	-	8,852	6,804

	Sept 2023	Sept 2022	Jan-Sept 2023	Jan-Sept 2022
Managed Solutions + Advanced Advisory on Administered Assets	98	37	2,178	1,555
Investment Services (1)	192	65	1,715	813

CONTACTS:

www.bancagenerali.com

Media Relations Michele Seghizzi Tel. +39 02 408 26683

michele.seghizzi@bancagenerali.it

Investor Relations Giuliana Pagliari Tel: +39 02 408 26548

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)