CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi
Tel. +39 02 6076 5683
Michele.seghizzi@bancagenerali.it
Investor Relations Giuliana Pagliari
Tel: +39 02 6076 5548
giuliana.pagliari@bancagenerali.it
June net inflows: €620 million (€3,820 million YTD)
Net inflows of managed products: €621 million (€3,437 million YTD)
Milan, 11 July 2017 - Banca Generali's net inflows amounted to €620 million in June, bringing the YTD total to €3,820 million and thus setting a new record for the period (+31% compared to the first half of the previous year).
In June, net inflows continued to be fully generated by managed and insurance products (€621 million), totalling €3.4 billion YTD (+102% YoY) and accounting for 90% of total net inflows. Thanks to the level of customisation and protection they offer, financial and insurance wrapper solutions continued to be high in demand, totalling net inflows of €510 million in June and
€2,806 million YTD.In addition, Funds and Sicavs also performed well in June, reporting net inflows of €140 million for the month and nearing one billion YTD (€979 million).
Chief Executive Officer Gian Maria Mossa stated: "We are very satisfied with the strong appreciation that households continue to show to us. The risk and volatility containment approach and the diversification opportunities offered by our wrappers of products enhance our professionals' advisory service allowing them to provide customised solutions to their customers, as shown by the doubling of net inflows of managed products compared to the previous year. We will soon introduce new managed products in our offering, which makes us very optimistic about the objectives for the coming months."
1 / 2
PRESS RELEASE NET INFLOWS AND LIFE NEW BUSINESS IN JUNE 2017 Jun 2017 May 2017 Abs. ChgMillion of Euros
Mutual Funds 140 253 -113
Managed Portfolio 274 253 21
Mutual Funds and Managed Portfolio 414 506 -92of which BG STILE LIBERO 199 183 16
Life Insurance 207 195 12
Managed Assets 621 701 -80 Non Managed Assets -1 -32 31of which: Securities -19 53 -72
Total 620 669 -49 Jan-Jun 2017 Jan-Jun 2016 Abs. ChgMutual Funds 979 -136 1,115
Managed Portfolio 1,472 286 1,186
Mutual Funds and Managed Portfolio 2,451 150 2,301Life Insurance 986 1,552 -566
of which BG STILE LIBERO 937 558 379
Managed Assets 3,437 1,702 1,735 Non Managed Assets 383 1,215 -832of which: Securities 98 252 -154
Total 3,820 2,917 903 Life New Business Jun 2017 May 2017 Abs. Chg Life New Business 313 315 -2CONTACTS:
www.bancagenerali.com
Media Relations Michele Seghizzi
Tel. +39 02 6076 5683
Michele.seghizzi@bancagenerali.it
Investor Relations Giuliana Pagliari
Tel: +39 02 6076 5548
giuliana.pagliari@bancagenerali.it
Jan-Jun 2017 Jan-Jun 2016 Abs. Chg Life New Business 1,726 2,098 -372The 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)
2 / 2
Banca Generali S.p.A. published this content on 11 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 July 2017 09:04:04 UTC.
Original documenthttp://www.bancagenerali.com/site/en/home/investor-relations/press-releases/documento10007419.html
Public permalinkhttp://www.publicnow.com/view/DBAD8E1616872CE34FCFB56EA8670A0201E8AC7F