PR: Net Inflows November 2021

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RELEASE

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www.bancagenerali.com

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Michele Seghizzi

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Giuliana Pagliari

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Total net inflows at €810 million in November (€6.8 billion YTD)

Net inflows of managed solutions at €595 million (€4.6 billion YTD)

Assets	under	Advisory	(AuA1)
€7.1 billion (+22%	YOY)

Milan, 10 December 2021 - Net inflows amounted to €810 million in November, twice the previous year's figure and up 34% compared to the YTD monthly average. Net inflows were almost entirely generated by managed and AUC solutions, thus showing the excellent quality of the amount and volumes reported.

In detail, net inflows from managed solutions (€595 million) were evenly distributed and diversified among the different solutions, thus confirming the attention to diversification and customisation. In November, net inflows from financial wrappers amounted to €168 million, net inflows from insurance wrappers totalled €145 million and the Lux IM Sicav reached €154 million. AUC solutions also grew (€162 million) thanks to the contribution of structured products (€132 million).

Total net inflows exceeded €6.8 billion YTD (+34%) and neared, one month in advance, the target set for the whole year, which had been recently revised upwards. Managed solutions reached €4.6 billion (+88%), accounting for 67% of the total compared to 48% for the previous year.

Assets under Advisory amounted to €7.1 billion (+22% YOY), increasing by €137 million in November.

Chief Executive Officer and General Manager Gian Maria Mossa stated: "This was yet another month of robust net inflows which are propelling us towards record results. Our bankers' outstanding work in assisting households and our excellent range of products and services - which a few weeks ago was expanded with new Lux IM thematic and sustainable funds - are the centrepiece of our strategy, enhanced by a growing use of technology in managing relationships. The amount of net inflows from managed products reflects the pivotal role of our advisory model, which supports investors in their long-termplanning and protection decisions, and in avoiding to hold liquidity in accounts and thus exposing it to inflationary pressures. Despite some uncertainty regarding the course of the pandemic, we look with optimism to the coming weeks that will close 2021, which is shaping up to be the best year ever for the Bank, with results even exceeding our expectations."

1 AuA: Assets under Advanced Advisory.

PRESS

RELEASE

CONTACTS:

www.bancagenerali.com

Media Relations

Michele Seghizzi

Tel. [phone]

[e-mail]

Investor Relations

Giuliana Pagliari

Tel.: [phone]

[e-mail]

NET INFLOWS AND LIFE NEW BUSINESS - NOVEMBER 2021

Million of Euros	Nov	Nov		Jan-Nov	Jan-Nov
2021	2020	2021	2020
Mutual Funds and SICAVs	282	320	2,609	1,654
of which LUX IM		154	184		1,358	1,605
Financial Wrappers	168	-8	696	44
Insurance Wrappers	145	127	1,302	747
Managed Solutions	595	439	4,607	2,445
Traditional life Insurance policies	10	-30	-530	184
Managed solutions and life insurance	605	409	4,077	2,629
Assets Under Custody	162	-21	678	1,446
of which: Structured products, Securitisations		132	25		971	800
Deposits	43	18	2081	1,009
AuC products and current accounts	205	-3	2,759	2,455
Total Net Inflows	810	406	6,836	5,084

		Nov	Nov		S.I. to	S.I. to
		2021	2020		Nov 2021	Nov 2020
Assets Under Advanced Advisory	137	395	7,139	5,839

		Nov	Nov		Jan-Nov	Jan-Nov
		2021	2020	2021	2020
Life New Business	463	281	3,956	2,170

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)