BANCA GENERALI S.P.A. 
By PRESS RELEASE
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
Net inflows of managed products amounted to €204 million in November (€2,474 million YTD)
Total net inflows reached €123 million
(€2,129 million YTD)
Milan, 6 December 2013 - Total net inflows of Banca Generali in November amounted to €123 million, of which €97 million gathered by the Banca Generali network (€1,349 million YTD) and
€26 million gathered by the Banca Generali Private Banking (€780 million YTD).
November continued to witness an excellent performance in terms of managed products with net inflows amounting to €204 million for the month under review, bringing YTD figure to an all-time high at €2,474 million. Accordingly, costumers continued to show strong demand for managed solutions that can meet their needs for diversification and seize investing opportunities offered by international markets. Net inflows generated by funds and SICAVs and asset management totalled €1,429 million YTD, up 245% compared to the same period of the previous year.
Interest in insurance products remained high as a result of the positive performance of segregated accounts whose certified returns averaged 4.46% for the past 12 months, exceeding returns on Italian three- and five-year bonds (BTPs). Life new business totalled €294 million in November, and €1,708 million YTD (+31% compared to the previous year).
The CEO of Banca Generali, Piermario Motta, commented: "The market has continued to show strong interest in financial advisory services, with investors' preferences converging towards specialised firms marked by a consolidated reputation and professional quality. Our results and constant growth have brought us near the important milestone of €2.5 billion net inflows of managed assets this year. This bears witness to the success we have achieved with our various stakeholders thanks to the professionalism of our services, as well as the transparency and rigorousness of our financial reporting, as emphasised by the Financial Reporting Oscar award we have received. These are all reasons for us to look toward the beginning of next year with confidence and strong optimism."
PRESS RELEASE
Million of Euros Nov 2013 Ott 2013 Abs. Chg
Mutual Funds | 71 | 67 | 4 | |||
Asset Management | -2 | -2 | 0 | |||
Mutual Funds and Managed Portfolio | 69 | 65 | 4 | |||
Life Insurance | 135 | 129 | 6 | |||
Managed Assets | 204 | 194 | 10 | |||
Non Managed Assets of which: Securities | -81 -30 | -34 52 | -47 -82 | |||
Total | 123 | 160 | -37 | |||
Jan-Nov 2013 | Jan-Nov 2012 | Abs. Chg | ||||
Mutual Funds | 1,360 | 352 | 1,008 | |||
Asset Management | 69 | 62 | 7 | |||
Mutual Funds and Managed Portfolio | 1,429 | 414 | 1,015 | |||
Life Insurance | 1,045 | 994 | 51 | |||
Managed Assets | 2,474 | 1,408 | 1,066 | |||
Non Managed Assets of which: Securities | -345 -353 | 106 -55 | -451 -298 | |||
Total | 2,129 | 1,514 | 615 |
CONTACTS:
Life New Business Nov 2013 Ott 2013 Abs. Chgwww.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
Life New Business 294 428 -134 Jan-Nov 2013 Jan-Nov 2012 Abs. Chg Life New Business 1,708 1,307 401* * *
The Manager responsible for preparing the company's financial reports (Stefano Grassi) 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.
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