Eurizon: full-year results 2021

The image accompanying the Eurizon Results News shows a smiling woman in a white jacket and shirt, with wavy hair pulled up, flanked by other colleagues at adjacent desks, holding a pen and some documents in her hands

Eurizon – the Intesa Sanpaolo Group's asset management company – reached an all-time high of €439 billion in assets at the end of 2021 – up 5.2% since the beginning of 20211 thanks to inflows recorded both in Italy and abroad and to market performance.

Total net inflows for the year were €9.9 billion1.

Financial performance also reached the highest level ever recorded by the company:

  • Net profit €813 million (+25% vs 20201)
  • Commission margin at €1,282 million (+19.5% vs 20201)
  • Cost/income ratio at 16%

Thanks to the ownership of its product factories such as Eurizon, Intesa Sanpaolo Group has a distinctive business model that will be further enhanced by the new recently announced 2022-2025 Business Plan.

Eurizon's ESG investments reached €110billion in December 2021, or 46% of fund assets. There are 172 Eurizon products classified under Articles 8 and 9 of the SFDR and that therefore promote, among other things, environmental or social characteristics, or have sustainable investment objectives.

Also confirmed is the growing commitment to corporate governance activities: in 2021 Eurizon participated in 160 shareholders' meetings of selected listed companies. The management company engaged on 958 occasions with 644 issuing companies, 30% of which involved ESG issues.

The Chinese company Penghua Fund Management, 49% owned by Eurizon, closed the year with assets of €144.5 billion, up 41% since the beginning of the year, with inflows of over €28 billion in the twelve months.

The partnership with the Poste Italiane Group, announced in July 2021, was also finalised on 31 January 2022.

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