Generali full year result 2022: a focus on Asset & Wealth Management

By Carlo Trabattoni , CEO Generali Asset & Wealth Management

We have presented the Generali Group 2022 results including our Asset & Wealth Management business unit. We all know that last year was marked by unprecedented challenges, above all the start of war in Ukraine which deeply shocked us.?

Against this backdrop our Asset Management unit managed to achieve our 2022 goals and to deliver positive results. Our specialized investments companies covering both liquid and private markets quickly reacted to last year’s market shocks and proved to be very resilient, always delivering a high level of service to our clients.

The net result of the Asset Management segment was 457 million Euro, almost in line with 2021. Assets under management were 505 billion Euro with positive net inflows from third-party customers having grown by 4.5 billion Euro, despite the difficult market context.

Our journey in the asset management business only started a few years ago. Since then we have steadily grown, being able to develop or to strengthen excellent relationships with top-notch institutional investors that trusted our business model and started to invest in our capabilities. We launched several new products thanks to our broad and diversified capabilities and we have now a 3-year track record with top quartile performances.

What about 2023? The new world order we live still faces many challenges as we are experiencing in these days. Markets are still very volatile and investors ask for experienced and innovative asset managers for their portfolios.

Thanks to our unique capabilities in both liquid and private markets and our skill in protection in the long term, I truly believe we are more than prepared to navigate through this context.?

We are strengthening the presence in our key markets and in the last years we opened new branches in Germany, Spain, Portugal and Switzerland.

Beside our strong position in LDI where we have shown growing resilience, we steadily increased our offer into Real Assets, an asset class which will continue to be key in our investment strategy for its characteristics of diversification, decorrelation and lower volatility.?We are also further strengthening the ESG criteria framework across our platform while we already have strong active ownership and engagement capabilities.?

We’re committed to improving our efficiency and competitiveness on the market thanks an outstanding team of people who can lead and exceed our clients’ expectations. We’re also strongly embracing artificial intelligence to give the best experience and most tailored solutions to our investors. We’re ready to further grow, keep following us in this journey.?