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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperations" xlink:to="label_ifrs-full_CashFlowsFromUsedInOperations" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Altri pagamenti per l'acquisizione di strumenti rappresentativi di capitale o di debito di altre entità, classificati come attività di investimento</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Acquisto di attività immateriali, classificato come attività di investimento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="label_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flussi finanziari derivanti da (usati in) attività di investimento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendi pagati, classificati come attività di finanziamento</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_FeeAndCommissionExpense" xlink:label="loc_ifrs-full_FeeAndCommissionExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_FeeAndCommissionExpense" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Costi da commissioni e compensi</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_FeeAndCommissionIncomeExpense" xlink:label="loc_ifrs-full_FeeAndCommissionIncomeExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_FeeAndCommissionIncomeExpense" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Ricavi (costi) da commissioni e compensi</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ExpenseForPolicyholderClaimsAndBenefitsWithoutReductionForReinsuranceHeld" xlink:label="loc_ifrs-full_ExpenseForPolicyholderClaimsAndBenefitsWithoutReductionForReinsuranceHeld" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ExpenseForPolicyholderClaimsAndBenefitsWithoutReductionForReinsuranceHeld" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Costi per risarcimenti e benefici dell'assicurato, senza riduzione per la riassicurazione detenuta</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ForeignExchangeDifferences" xlink:label="loc_AZIMUT_ForeignExchangeDifferences" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ForeignExchangeDifferences" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Differenze di cambio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ForeignExchangeDifferences" xlink:to="label_AZIMUT_ForeignExchangeDifferences" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ForeignExchangeDifferences2" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Differenze di cambio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ForeignExchangeDifferences" xlink:to="label_AZIMUT_ForeignExchangeDifferences2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ReservesFromSharePremium" xlink:label="loc_AZIMUT_ReservesFromSharePremium" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ReservesFromSharePremium" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Sovrapprezzi di emissione</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ReservesFromProfit" xlink:label="loc_AZIMUT_ReservesFromProfit" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ReservesFromProfit" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre riserve di utili</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ReservesNotFromProfitNotFromValuation" xlink:label="loc_AZIMUT_ReservesNotFromProfitNotFromValuation" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ReservesNotFromProfitNotFromValuation" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre riserve altre</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ValuationReserves" xlink:label="loc_AZIMUT_ValuationReserves" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ValuationReserves" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve da valutazione</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ValuationReserves" xlink:to="label_AZIMUT_ValuationReserves" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_EquityInstruments" xlink:label="loc_AZIMUT_EquityInstruments" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_EquityInstruments" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Strumenti di capitali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_EquityInstruments" xlink:to="label_AZIMUT_EquityInstruments" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ProfitLossMember" xlink:label="loc_AZIMUT_ProfitLossMember" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProfitLossMember" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile perdite di esercizio [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProfitLossMember" xlink:to="label_AZIMUT_ProfitLossMember" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_TotalEquity" xlink:label="loc_AZIMUT_TotalEquity" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_TotalEquity" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">TotalEquity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_TotalEquity" xlink:to="label_AZIMUT_TotalEquity" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_PreviousYearProfitLossAllocationReserves" xlink:label="loc_AZIMUT_PreviousYearProfitLossAllocationReserves" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_PreviousYearProfitLossAllocationReserves" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Allocazione risultato precedente Riserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_PreviousYearProfitLossAllocationReserves" xlink:to="label_AZIMUT_PreviousYearProfitLossAllocationReserves" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ProfitlossAttributableToOwnersOfParent" xlink:label="loc_AZIMUT_ProfitlossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProfitlossAttributableToOwnersOfParent" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile (perdita), attribuibile ai soci della controllante</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProfitlossAttributableToOwnersOfParent" xlink:to="label_AZIMUT_ProfitlossAttributableToOwnersOfParent" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_Gainlossonfinancialassetsheldfortradingandonotherfinancialassetsliabilitiesatfairvaluethroughprofitorloss" xlink:label="loc_AZIMUT_Gainlossonfinancialassetsheldfortradingandonotherfinancialassetsliabilitiesatfairvaluethroughprofitorloss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Gainlossonfinancialassetsheldfortradingandonotherfinancialassetsliabilitiesatfairvaluethroughprofitorloss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">plus minus valenze su attività finanziarie detenute per la negoziazione e su attività passività finanziarie  valutate al fair value con impatto a conto economico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Gainlossonfinancialassetsheldfortradingandonotherfinancialassetsliabilitiesatfairvaluethroughprofitorloss" xlink:to="label_AZIMUT_Gainlossonfinancialassetsheldfortradingandonotherfinancialassetsliabilitiesatfairvaluethroughprofitorloss" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_GainLossOnHedgeAccounting" xlink:label="loc_AZIMUT_GainLossOnHedgeAccounting" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainLossOnHedgeAccounting" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Plus minusvalenze su attività di copertura</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainLossOnHedgeAccounting" xlink:to="label_AZIMUT_GainLossOnHedgeAccounting" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_NetLossesRecoveriesOnCreditImpairment" xlink:label="loc_AZIMUT_NetLossesRecoveriesOnCreditImpairment" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetLossesRecoveriesOnCreditImpairment" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Rettifiche di valore nette per rischio di credito</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetLossesRecoveriesOnCreditImpairment" xlink:to="label_AZIMUT_NetLossesRecoveriesOnCreditImpairment" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_NetValueAdjustmentsWriteBacksOnTangibleAndIntangibleAssetsOtherLabels" xlink:label="loc_AZIMUT_NetValueAdjustmentsWriteBacksOnTangibleAndIntangibleAssetsOtherLabels" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetValueAdjustmentsWriteBacksOnTangibleAndIntangibleAssetsOtherLabels" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Rettifiche di valore nette su immobilizzazioni materiali e immateriali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetValueAdjustmentsWriteBacksOnTangibleAndIntangibleAssetsOtherLabels" xlink:to="label_AZIMUT_NetValueAdjustmentsWriteBacksOnTangibleAndIntangibleAssetsOtherLabels" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_NetProvisionsForRisksAndChargesAndOtherExpensesIncome" xlink:label="loc_AZIMUT_NetProvisionsForRisksAndChargesAndOtherExpensesIncome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetProvisionsForRisksAndChargesAndOtherExpensesIncome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Accantonamenti netti a fondi rischi ed oneri ed altri costi/ricavi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetProvisionsForRisksAndChargesAndOtherExpensesIncome" xlink:to="label_AZIMUT_NetProvisionsForRisksAndChargesAndOtherExpensesIncome" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_UnpaidDutiesTaxesAndTaxCredits" xlink:label="loc_AZIMUT_UnpaidDutiesTaxesAndTaxCredits" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_UnpaidDutiesTaxesAndTaxCredits" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Imposte e tasse e crediti d'imposta non liquidati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_UnpaidDutiesTaxesAndTaxCredits" xlink:to="label_AZIMUT_UnpaidDutiesTaxesAndTaxCredits" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_Impairmentwritebacksaftertaxondiscontinuedoperations" xlink:label="loc_AZIMUT_Impairmentwritebacksaftertaxondiscontinuedoperations" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Impairmentwritebacksaftertaxondiscontinuedoperations" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">rettifiche di valore nette delle attività operative cessate al netto dell'effetto fiscale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Impairmentwritebacksaftertaxondiscontinuedoperations" xlink:to="label_AZIMUT_Impairmentwritebacksaftertaxondiscontinuedoperations" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities" xlink:label="loc_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Liquidità generata assorbita dalle attività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities" xlink:to="label_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liquidità generata assorbita dalle attività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities" xlink:to="label_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivitiesAbstract" xlink:label="loc_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">cash flows from used in financial assets classified as operating activities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivitiesAbstract" xlink:to="label_AZIMUT_CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsDesignatedAtFairValue" xlink:label="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsDesignatedAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsDesignatedAtFairValue" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività finanziarie valutate al fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsDesignatedAtFairValue" xlink:to="label_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsDesignatedAtFairValue" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsMandatorilyAtFairValue" xlink:label="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsMandatorilyAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsMandatorilyAtFairValue" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre attività obbligatoriamente detenute a fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsMandatorilyAtFairValue" xlink:to="label_AZIMUT_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsMandatorilyAtFairValue" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività finanziarie valutate al fair value con impatto sulla redditività complessiva</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost" xlink:label="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">attività finanziarie valutate al costo ammortizzato</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost" xlink:to="label_AZIMUT_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_LiquidityGeneratedAbsorbedByOtherAssets" xlink:label="loc_AZIMUT_LiquidityGeneratedAbsorbedByOtherAssets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_LiquidityGeneratedAbsorbedByOtherAssets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre attività</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_LiquidityGeneratedAbsorbedByOtherAssets" xlink:to="label_AZIMUT_LiquidityGeneratedAbsorbedByOtherAssets" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities" xlink:label="loc_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Liquidità generata assorbita dalle passività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities" xlink:to="label_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liquidità generata assorbita dalle passività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities" xlink:to="label_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivitiesAbstract" xlink:label="loc_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">cash flows from used in financial liabilities classified as operating activities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivitiesAbstract" xlink:to="label_AZIMUT_CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesAtAmortisedCost" xlink:label="loc_AZIMUT_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesAtAmortisedCost" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesAtAmortisedCost" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">passività finanziarie valutate al costo ammortizzato</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesAtAmortisedCost" xlink:to="label_AZIMUT_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesAtAmortisedCost" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_AdjustmentsForIncreaseDecreaseOfFinancialLiabilitiesDesignatedAtFairValue" xlink:label="loc_AZIMUT_AdjustmentsForIncreaseDecreaseOfFinancialLiabilitiesDesignatedAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdjustmentsForIncreaseDecreaseOfFinancialLiabilitiesDesignatedAtFairValue" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">passività finanziarie valutate al fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdjustmentsForIncreaseDecreaseOfFinancialLiabilitiesDesignatedAtFairValue" xlink:to="label_AZIMUT_AdjustmentsForIncreaseDecreaseOfFinancialLiabilitiesDesignatedAtFairValue" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ProvisionsArisingFromInsuranceContracts" xlink:label="loc_AZIMUT_ProvisionsArisingFromInsuranceContracts" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProvisionsArisingFromInsuranceContracts" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve tecniche</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProvisionsArisingFromInsuranceContracts" xlink:to="label_AZIMUT_ProvisionsArisingFromInsuranceContracts" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsFromIncreaseDecreaseOfOtherLiabilities" xlink:label="loc_AZIMUT_CashFlowsFromIncreaseDecreaseOfOtherLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromIncreaseDecreaseOfOtherLiabilities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre passività</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromIncreaseDecreaseOfOtherLiabilities" xlink:to="label_AZIMUT_CashFlowsFromIncreaseDecreaseOfOtherLiabilities" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashflowsFromUsedInOperatingActivities" xlink:label="loc_AZIMUT_CashflowsFromUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsFromUsedInOperatingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Flussi finanziari derivanti da (usati in) attività operative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsFromUsedInOperatingActivities" xlink:to="label_AZIMUT_CashflowsFromUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsFromUsedInOperatingActivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flussi finanziari derivanti da (usati in) attività operative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsFromUsedInOperatingActivities" xlink:to="label_AZIMUT_CashflowsFromUsedInOperatingActivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashflowsFromUsedInOperatingActivitiesAbstract" xlink:label="loc_AZIMUT_CashflowsFromUsedInOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsFromUsedInOperatingActivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">cashflows from used in operating activities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsFromUsedInOperatingActivitiesAbstract" xlink:to="label_AZIMUT_CashflowsFromUsedInOperatingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsFromInvestingActivities" xlink:label="loc_AZIMUT_CashFlowsFromInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromInvestingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Liquidità generata da</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromInvestingActivities" xlink:to="label_AZIMUT_CashFlowsFromInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromInvestingActivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liquidità generata da</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromInvestingActivities" xlink:to="label_AZIMUT_CashFlowsFromInvestingActivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsFromInvestingActivitiesAbstract" xlink:label="loc_AZIMUT_CashFlowsFromInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsFromInvestingActivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">cash flows from investing activities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsFromInvestingActivitiesAbstract" xlink:to="label_AZIMUT_CashFlowsFromInvestingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsUsedInInvestingActivities" xlink:label="loc_AZIMUT_CashFlowsUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsUsedInInvestingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Liquidità assorbita da</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsUsedInInvestingActivities" xlink:to="label_AZIMUT_CashFlowsUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsUsedInInvestingActivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liquidità assorbita da</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsUsedInInvestingActivities" xlink:to="label_AZIMUT_CashFlowsUsedInInvestingActivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashFlowsUsedInInvestingActivitiesAbstract" xlink:label="loc_AZIMUT_CashFlowsUsedInInvestingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashFlowsUsedInInvestingActivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">cash flows used in investing activities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashFlowsUsedInInvestingActivitiesAbstract" xlink:to="label_AZIMUT_CashFlowsUsedInInvestingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" xlink:label="loc_AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Acquisto di attività materiali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" xlink:to="label_AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Acquisto di attività materiali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities" xlink:to="label_AZIMUT_PurchaseOfTangibleAssetsClassifiedAsInvestingActivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" xlink:label="loc_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Emissioni acquisti di azioni proprie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" xlink:to="label_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfTreasuryShares" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" xlink:label="loc_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Emissioni acquisti di strumenti di capitale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" xlink:to="label_AZIMUT_OtherInflowsOutflowsFromIssuePurchaseOfEquityInstruments" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_IncreaseDecreaseOfReserves" xlink:label="loc_AZIMUT_IncreaseDecreaseOfReserves" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_IncreaseDecreaseOfReserves" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Variazione altre riserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_IncreaseDecreaseOfReserves" xlink:to="label_AZIMUT_IncreaseDecreaseOfReserves" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" xlink:label="loc_AZIMUT_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Vendita acquisto di controllo di terzi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" xlink:to="label_AZIMUT_OtherInflowsOutflowsFromSalePurchaseOfMinorityControl" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_CashAndCashequivalents" xlink:label="loc_AZIMUT_CashAndCashequivalents" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashAndCashequivalents" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Disponibilità liquide e mezzi equivalenti</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashAndCashequivalents" xlink:to="label_AZIMUT_CashAndCashequivalents" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_TangibleAssets" xlink:label="loc_AZIMUT_TangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_TangibleAssets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività materiali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_TangibleAssets" xlink:to="label_AZIMUT_TangibleAssets" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OfWhichGoodwill" xlink:label="loc_AZIMUT_OfWhichGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OfWhichGoodwill" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">di cui avviamento</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OfWhichGoodwill" xlink:to="label_AZIMUT_OfWhichGoodwill" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_TaxAssets" xlink:label="loc_AZIMUT_TaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_TaxAssets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività fiscali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_TaxAssets" xlink:to="label_AZIMUT_TaxAssets" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_FinancialLiabilitiesAtAmortisedCostDifferentFromDebtSecurities" xlink:label="loc_AZIMUT_FinancialLiabilitiesAtAmortisedCostDifferentFromDebtSecurities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_FinancialLiabilitiesAtAmortisedCostDifferentFromDebtSecurities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Passività finanziarie valutate al costo ammortizzato Debiti</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_FinancialLiabilitiesAtAmortisedCostDifferentFromDebtSecurities" xlink:to="label_AZIMUT_FinancialLiabilitiesAtAmortisedCostDifferentFromDebtSecurities" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ProvisionsForInvestmentWithRiskOnPolicyholdersAndPensionFunds" xlink:label="loc_AZIMUT_ProvisionsForInvestmentWithRiskOnPolicyholdersAndPensionFunds" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProvisionsForInvestmentWithRiskOnPolicyholdersAndPensionFunds" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve tecniche allorché il rischio dell'investimento è sopportato dagli assicurati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProvisionsForInvestmentWithRiskOnPolicyholdersAndPensionFunds" xlink:to="label_AZIMUT_ProvisionsForInvestmentWithRiskOnPolicyholdersAndPensionFunds" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_TaxLiabilities" xlink:label="loc_AZIMUT_TaxLiabilities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_TaxLiabilities" xlink:to="label_AZIMUT_TaxLiabilities" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ProvisionForEmployeeSeverancesPay" xlink:label="loc_AZIMUT_ProvisionForEmployeeSeverancesPay" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProvisionForEmployeeSeverancesPay" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Trattamento di fine rapporto del personale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProvisionForEmployeeSeverancesPay" xlink:to="label_AZIMUT_ProvisionForEmployeeSeverancesPay" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OtherProvisionsForRiskAndCharges" xlink:label="loc_AZIMUT_OtherProvisionsForRiskAndCharges" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherProvisionsForRiskAndCharges" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">c Altri fondi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherProvisionsForRiskAndCharges" xlink:to="label_AZIMUT_OtherProvisionsForRiskAndCharges" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_EquityInstrument" xlink:label="loc_AZIMUT_EquityInstrument" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_EquityInstrument" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Strumenti di capitale</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OtherReservesOther" xlink:label="loc_AZIMUT_OtherReservesOther" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherReservesOther" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherReservesOther" xlink:to="label_AZIMUT_OtherReservesOther" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ValuationReserve" xlink:label="loc_AZIMUT_ValuationReserve" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ValuationReserve" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve da valutazione</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ValuationReserve" xlink:to="label_AZIMUT_ValuationReserve" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ProfitsLossesAttributableToOwnersOfParent" xlink:label="loc_AZIMUT_ProfitsLossesAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProfitsLossesAttributableToOwnersOfParent" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile perdita d'esercizio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProfitsLossesAttributableToOwnersOfParent" xlink:to="label_AZIMUT_ProfitsLossesAttributableToOwnersOfParent" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_InterestIncomeAndSimilarRevenues" xlink:label="loc_AZIMUT_InterestIncomeAndSimilarRevenues" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_InterestIncomeAndSimilarRevenues" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Interessi attivi e proventi assimilati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_InterestIncomeAndSimilarRevenues" xlink:to="label_AZIMUT_InterestIncomeAndSimilarRevenues" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_InterestExpenseAndSimilarCharges" xlink:label="loc_AZIMUT_InterestExpenseAndSimilarCharges" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_InterestExpenseAndSimilarCharges" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Interessi passivi e oneri assimilati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_InterestExpenseAndSimilarCharges" xlink:to="label_AZIMUT_InterestExpenseAndSimilarCharges" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" xlink:label="loc_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile Perdita cessione o riacquisto di</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" xlink:to="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività finanziarie valutate al fair value con impatto sulla redditività complessiva</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Risultato netto delle altre attività e delle passività finanziarie valutate a fair value con impattoa conto economico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Risultato netto delle altre attività e delle passività finanziarie valutate a fair value con impattoa conto economico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:label="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">net gains losses on other financial assets liabilities at fair value through profit or loss [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:to="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività e passività designate al fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" xlink:label="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">altre attività finanziarie obbligatoriamente valutate a fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ChangeInTechnicalReservesWhereTheInvestmentRiskIsBorneByPolicyholders" xlink:label="loc_AZIMUT_ChangeInTechnicalReservesWhereTheInvestmentRiskIsBorneByPolicyholders" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ChangeInTechnicalReservesWhereTheInvestmentRiskIsBorneByPolicyholders" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Variazione delle riserve tecniche allorché il rischio dell'investimento è sopportato dagli assicurati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ChangeInTechnicalReservesWhereTheInvestmentRiskIsBorneByPolicyholders" xlink:to="label_AZIMUT_ChangeInTechnicalReservesWhereTheInvestmentRiskIsBorneByPolicyholders" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_GrossIncome" xlink:label="loc_AZIMUT_GrossIncome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GrossIncome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">MARGINE DI INTERMEDIAZIONE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GrossIncome" xlink:to="label_AZIMUT_GrossIncome" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_AdministrativeExpenseStaffCosts" xlink:label="loc_AZIMUT_AdministrativeExpenseStaffCosts" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdministrativeExpenseStaffCosts" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Spese amministrative per il personale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdministrativeExpenseStaffCosts" xlink:to="label_AZIMUT_AdministrativeExpenseStaffCosts" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OtherAdministrativeExpense" xlink:label="loc_AZIMUT_OtherAdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherAdministrativeExpense" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre spese amministrative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherAdministrativeExpense" xlink:to="label_AZIMUT_OtherAdministrativeExpense" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_NetProvisionsForRisksAndCharges" xlink:label="loc_AZIMUT_NetProvisionsForRisksAndCharges" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetProvisionsForRisksAndCharges" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Accantonamenti netti ai fondi per rischi e oneri</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetProvisionsForRisksAndCharges" xlink:to="label_AZIMUT_NetProvisionsForRisksAndCharges" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" xlink:label="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Rettifiche riprese di valore nette su attività materiali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" xlink:to="label_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:label="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="label_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_OperatingCosts" xlink:label="loc_AZIMUT_OperatingCosts" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OperatingCosts" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Costi operativi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OperatingCosts" xlink:to="label_AZIMUT_OperatingCosts" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OperatingCosts" xlink:to="label_AZIMUT_OperatingCosts2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2022-12-31.xsd#AZIMUT_ProfitLossBeforeTaxAbstract" xlink:label="loc_AZIMUT_ProfitLossBeforeTaxAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProfitLossBeforeTaxAbstract" xlink:to="label_AZIMUT_ProfitLossBeforeTaxAbstract" />
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