BANCA GENERALI S.P.A. 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
January net inflows: €460 million
Net inflows of "wrappers" of managed products: €353 million
Milan, 6 February 2017 - Banca Generali recorded €460 million net inflows and €319 million net inflows of managed products in January. The strong acceleration of our managed products (+182% compared to January 2016) was driven by the innovative and highly customizable "wrappers" of products, which offer investment protection and diversification.In January, BG Solution was the most-in-demand product with €237 million net inflows, whereas the multi-line policy BG Stile Libero gathered €116 million net inflows.
The managed products component accounted for 69% of total net inflows (in January 2016, it accounted for about 20%).Net inflows of traditional life products decreased (€15 million compared to €122 million in January 2016), as a proof of the customers' greater propensity for planning through actively managed solutions.
General Manager Gian Maria Mossa stated: "The year kicked off on a very satisfactory note, as shown by the excellent mix of net inflows and the attention drawn by our wrappers of managed products that can be adapted to our customers' needs. After the record result of 2016, we started the year with a strong focus on managed products, which testify to the quality of our wealth planning tools. The great enthusiasm and determination expressed by our professionals at the area meetings, together with the encouraging January figures bode well for the months ahead."
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NET INFLOWS AND LIFE NEW BUSINESS AT JANUARY 2017Million of Euros | Jan 2017 | Dec 2016 | Abs. Chg |
Mutual Funds | 64 | 143 | -79 |
Managed Portfolio | 124 | 155 | -31 |
Mutual Funds and Managed Portfolio | 188 | 298 | -110 |
Life Insurance | 131 | 247 | -116 |
of which BG STILE LIBERO | 116 | 162 | -46 |
Managed Assets | 319 | 545 | -226 |
Non Managed Assets | 141 | 225 | -84 |
of which: Securities | 65 | -75 | 140 |
Total | 460 | 770 | -310 |
Jan-2017 | Jan- 2016 | Abs. Chg | |
Mutual Funds | 64 | -71 | 135 |
Managed Portfolio | 124 | 20 | 104 |
Mutual Funds and Managed Portfolio | 188 | -51 | 239 |
Life Insurance | 131 | 164 | -33 |
of which BG STILE LIBERO | 116 | 42 | 74 |
Managed Assets | 319 | 113 | 206 |
Non Managed Assets | 141 | 417 | -276 |
of which: Securities | 65 | 172 | -107 |
Total | 460 | 530 | -70 |
Life New Business | |||
Jan 2017 | Dec 2016 | Abs. Chg | |
Life New Business | 234 | 325 | -91 |
Jan-2017 | Jan- 2016 | Abs. Chg | |
Life New Business | 234 | 277 | -43 |
The Manager responsible for preparing the company's financial reports (Paolo Tamagnini) 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. Paolo Tamagnini (CFO of Banca Generali)
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Banca Generali S.p.A. published this content on 06 February 2017 and is solely responsible for the information contained herein.
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