(Finance) – Generali Bank he made a November 2024 one net collection equal to 510 million euros (+39% y/y), bringing the cumulative total for 2024 to almost 5.7 billion, up by +13% compared to the corresponding period of last year.
November highlighted an excellent quality of the mix, reaping the fruits of the growing interest in managed and insurance solutions, in the wake of the review of the range of offers in the context of a progressive decline in market rates. The flows in the Assets under Investment they stood at 385 million euros in the month (2.8 billion since the beginning of the year, +218% y/y) driven by strong demand for managed solutions (323 million in the month and 2.1 billion since the beginning of the year, +227% y/y), in addition to the return of demand for traditional life insurance policies (53 million in the month and 140 million since the beginning of the year).
In management, the companies stood out container solutions which catalyzed important flows both in insurance lines (185 million in the month, 627 million since the beginning of the year) and in financial lines (119 million in the month, 1.3 billion since January). The demand for is also confirmed as solid house funds (77 million in the month, 795 million year to date).
Overall i home products (financial funds and containers)thanks to the quality and uniqueness of their lines, they raised 2.1 billion in the period (+122% y/y), equal to 73% of the entire Assets under Investments at the end of November.
The other active they amounted to 125 million euros in November (2.8 billion since the beginning of the year) supported by 305 million in liquidity flows, net of outflows for customer tax deadlines of 168 million in the month (1 billion since the beginning of the year) . As already seen in previous months, the figure relating to assets in deposits administered for the maturities of bond securities is decreasing.
“We are heading towards the end of a year of marked growthwith double-digit increases in flows where the quality of the range of offers finds strong recognition among customers – commented theCEO Gian Maria Mossa – November strengthens not only the volume trend, but above all that of our financial and insurance management, increasingly recognized as a truly distinctive feature of our brand, as demonstrated by the figure for assets under investment which more than tripled this year. THE’announcement of the launch of the voluntary takeover bid on Intermonte it had great responsewith growing attention from experienced professionals in our sector and entrepreneurs. We are confident that we will receive the authorizations from the competent authorities in the next few weeks to be able to start working together in the first months of the new year. The most recent dynamics of commercial activity, despite the fiscal outlays, make us optimistic that the year will end in further acceleration.”