Banca Generali achieves all net inflows targets despite the context

• Total net inflows: €6.8 billion vs. a >€6.0 billion target (€607 million in December)
• Net inflows in Assets under Investment (AUI): €4.0 billion vs. a >€3.5 billion target (€843 million in December)

Milan, 12 January 2026 – Banca Generali’s net inflows amounted to €607 million in December, bringing total net inflows for 2025 to over €6.8 billion, up 3% compared to the previous year and exceeding expectations (total net inflows target of >€6.0 billion), despite the year’s challenging context marked by extraordinary events.

December saw a sharp acceleration in net inflows from managed assets, as liquidity and assets under custody shifted mainly towards managed solutions and advanced advisory (AUI), which recorded €843 million overall, for a FY total of €3.98 billion (FY AUI target of >€3.5 billion).

Mutual funds/SICAVs were among the most-in-demand products, recording €260 million in December (€935 million for the year), driven particularly by in-house funds (€200 million in December; €1.0 billion for the year) and benefitting from the recent launch of cutting-edge strategies of Lux IM Sicav.

Demand for financial wrappers remained high, with €167 million net inflows in December (€1.8 billion for the year).

AUC & Banking under Advisory continued to grow (€292 million in December; €659 million for the year) supported by demand for a dedicated advisory late in the year.

Banca Generali’s Chief Executive Officer and General Manager Gian Maria Mossa stated: “We are very proud of our results of the year just ended, with net inflows reaching and exceeding the targets we had set both in qualitative and quantitative terms despite the context marked by the banking consolidation wave. The numbers show that we outperformed our excellent 2024 net inflows levels, with strong growth in the fourth quarter of 2025, testifying not only to the appreciation for and excellent quality of our solutions, but especially to the trust and strong relationship we have built with our private bankers and our clients. After the uncertainty of last summer, professionals from other companies showed renewed interest in our Bank, which late in the year led to important new hires, of which we are very proud. We are entering 2026 with all the conditions to perform strongly: a clear strategy focussed on the enhancement of the client-private banker relationship, important transformational projects — first and foremost, Intermonte and Insurbanking —, and a strong and cohesive team. Thanks to these key pillars, combined with our increasingly distinctive positioning for clients and entrepreneurs and our strong brand, there is much room for an acceleration of our sustainable growth path.”