Eurizon: full year 2022 results

At the end of 2022, Eurizon, the Intesa Sanpaolo Group's asset management company specialising in the management of products and services for retail, private and institutional clients, reported:

• assets of €383 billion
• a net profit of €567.4 million, with a net fee and commission income of €913 million
• a cost/income ratio of 21%, confirming the company’s levels of efficiency

even in a year characterised by unexpected events, with negative impacts on all markets.

Overall net inflows¹ in the fourth quarter of 2022 were a positive €2.1 billion, driven by institutional Portfolio Management, which drew inflows of €2.2 billion.

Growth was also significant in private markets, where the subsidiary Eurizon Capital Real Asset recorded net inflows of over €2.7 billion and a 50% increase in assets to over €9 billion at the end of December.

ESG investments reached €110.3 billion at the end of 2022, making up 53.7% of total fund assets, with 232 products that meet the requirements of Articles 8 and 9 under Regulation (EU) No. 2019/2088.

The growing commitment to corporate governance activities was also confirmed: during 2022, Eurizon attended 254 shareholders' meetings of selected listed companies, casting a vote on 3,324 resolutions.

Eurizon became the first Italian AMC to disclose its commitments under the Net Zero Asset Managers Initiative (NZAMI), designed to achieve net zero greenhouse gas emissions from assets under management by 2050.