• Total net inflows at €609 million in May (€2,697 million YTD)
• Net inflows of Assets under Investment at €460 million (€1,125 million YTD)

Milan, 5 June 2025 – Banca Generali’s net inflows amounted to €609 million in May, bringing the YTD total to €2,697 million. May net inflows confirmed the sharp increase in households’ demand for advisory services in a still uncertain market context. Banca Generali's Financial Advisor Network was able to professionally meet these needs, seizing new growth opportunities.

Net inflows from Assets under Investment grew significantly to €460 million in May (+66% YoY), for a YTD total of €1,125 million. Traditional Life Insurance Policies were highly in demand, with €235 million net inflows (€385 million YTD), as clients continued to seek protection amid financial market volatility. As in previous months, demand for Financial Wrappers remained robust with €134 million net inflows in May (€569 million YTD), whereas demand for Mutual Funds/Sicavs was driven by inhouse funds (€45 million in May; €208 million YTD).

As regards Other Assets, net inflows from Assets under Custody amounted to €133 million (€1.25 billion YTD) and mainly referred to short-term maturities.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “We recorded very solid results this month, with an acceleration in inflows into several private investment services and into insurance policies, whereas assets under custody consisted mainly of short-term liquidity deployment choices due to market volatility. Given the current context marked by economic and financial uncertainty and the speculation on the banking consolidation wave, our priority is to stand by our clients and our bankers and continue to work on projects that will enable us to accelerate our growth path.”