Banca Generali closed 2021 with the best monthly and annual result ever
- December net inflows: €849 million (€696 million from managed solutions)
- 2021 total net inflows: €7.7 billion (€5.3 billion from managed solutions)
- Assets under Advisory (AuA) at €7.3 billion (+21% YOY)
Milan, 13 January 2022 – Banca Generali closed 2021 with the best monthly and annual result ever. In December, total net inflows amounted to €849 million and showed excellent quality and diversification. Managed, insurance and AUC solutions neared €1 billion overall (€986 million; +24% YOY), whereas current account liquidity decreased.
2021 total net inflows reached €7.7 billion (+31% YOY) — exceeding the previous 2017 record of €6.9 billion — and were again marked by an excellent product mix and diversification.
In detail, net inflows of managed solutions (€696 million; €5.3 billion for the year) were evenly distributed, with particularly positive results shown by financial wrappers (€242 million in December; €938 million for the year) and insurance wrappers (€141 million in December; €1.4 billion for the year). The Lux IM Sicav continued its constant growth reaching €178 million in December and €1.5 billion for the year.
Assets under Advisory amounted to €7.3 billion (+21% YOY), increasing by €155 million in December.
Chief Executive Officer and General Manager Gian Maria Mossa stated: “Our strong efforts aimed at diversifying and protecting our clients’ wealth, and the continuous innovation of our investment solutions and expansion of our range of products and services are leading us towards higher-thanexpected results. Our robust net inflows, including from managed products — achieved without extraordinary incentives or digital promotions, but rather thanks to our bankers’ household advisory work — are an excellent result that is propelling us towards new annual all-time highs. The many recognitions for our sustainable offering model and the efficacy of our asset management and digital solutions confirm the soundness of the path we have embarked upon. Our clients’ increasing confidence in us is the best starting point for presenting our growth ambitions in view of the new three-year plan to be launched in February.”
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