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Media Relations Michele Seghizzi

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Investor Relations Giuliana Pagliari

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March net inflows: €711 million (€1,839 million YTD)

Net inflows of managed products: €709 million (€1,559 million YTD)

Milan, 6 April 2017 - Banca Generali recorded its second best ever month in March, with net inflows of €711 million, up 70% compared to the same month of the previous year. The first three months of the year set a new record in terms of quarterly net inflows reaching €1,839 million.

Even more significantly, net inflows of managed products totalled €709 million in March and

€1,559 million YTD. Our Financial Advisors' focus on advisory and wealth planning services is increasingly supported by the quality of our managed products, which are proving effective in protecting against duration risks as an alternative to traditional life policies.

The innovative financial and insurance wrapper solutions recorded net inflows of €529 million (€1,376 million for the quarter), while traditional life policies gathered €32 million.

A la carte funds and Sicavs continued to perform very well, with net inflows of €231 million in March and €431 million YTD.

Chief Executive Officer Gian Maria Mossa stated: "We are very satisfied with our March performance, which reflects our Financial Advisors' contribution to investment protection through a versatile range of managed solutions. The excellent net inflows result was also driven by our current outstanding FA network, which focuses on active investment management to protect portfolios from interest rate risk and volatility. Its attention to diversification, together with the ability to leverage the flexibility and advantages of more innovative products over traditional solutions have attracted thousands of new customers in the first few months of 2017. We look towards the coming months with confidence and optimism."

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NET INFLOWS AND LIFE NEW BUSINESS AT MARCH 2017

Million of Euros

Mar 2017

Mar 2017

Abs. Chg

Mutual Funds

231

136

95

Managed Portfolio

332

192

140

Mutual Funds and Managed Portfolio

563

328

235

Life Insurance

146

203

-57

of which BG STILE LIBERO

159

173

-14

Managed Assets

709

531

178

Non Managed Assets

2

137

-135

of which: Securities

-28

80

-108

Total

711

668

43

Jan-Mar 2017

Jan-Mar 2016

Abs. Chg

Mutual Funds

431

-85

516

Managed Portfolio

648

56

592

Mutual Funds and Managed Portfolio

1,079

-29

1,108

Life Insurance

480

867

-387

of which BG STILE LIBERO

448

253

195

Managed Assets

1,559

838

721

Non Managed Assets

280

692

-412

of which: Securities

117

161

-44

Total

1,839

1,530

309

Life New Business

Mar 2017

Mar 2017

Abs. Chg

Life New Business

319

298

21

Jan-Mar 2017

Jan-Mar 2016

Abs. Chg

Life New Business

851

1,151

-300

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 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 April 2017 14:39:14 UTC.

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