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Ageas SA (AGES.BR)

AGES.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ageas Q2 Net Result Up At EUR 355 million
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Ageas SA ::REG-AGEAS REPORTS ON INTERIM RESULTS.SIX MONTHS NET RESULT STOOD AT EUR 606 MILLION VERSUS EUR 441 MILLION, GOOD START TO YEAR CONTINUED.Q2 NET RESULT OF EUR 355 MILLION VERSUS EUR 194 MILLION.Q2 LIFE NET RESULT MORE THAN DOUBLED FROM EUR 121 MILLION TO EUR 262 MILLION AS A RESULT OF AN EXCEPTIONAL RESULT IN ASIA.SIX MONTHS GROUP INFLOWS (AT 100%) OF EUR 21 BILLION , UP 11%, EXCLUDING LUXEMBOURG.Q2 GROUP INFLOWS (AT 100%) OF EUR 8.2 BILLION , UP 7%, EXCLUDING LUXEMBOURG.H1 AGEAS ATTRIBUTABLE NET RESULT EUR 606.0 MILLION VERSUS EUR 441.2 MILLION YEAR AGO.AGEAS ACHIEVED ITS BEST HALF-YEAR RESULT EVER - CEO.Q2 GROUP INFLOWS (AGEAS'S PART) UP 4% AT EUR 3.5 BILLION, EXCLUDING LUXEMBOURG.END-H1 SHAREHOLDERS' EQUITY AT EUR 10.2 BILLION OR EUR 53.07 PER SHARE.THE NET RESULT OVER THE SECOND QUARTER WAS DRIVEN BY A STRONG LIFE AND NONLIFE OPERATING PERFORMANCE.H1 GROSS INFLOWS AGEAS PART EUR 8.44 BILLION VERSUS EUR 8.03 BILLION YEAR AGO.END-H1 GROUP SOLVENCY II AGEAS RATIO AT 201% INCLUDING THE BENEFIT FROM THE NEW DEBT ISSUE.END-H1 GENERAL ACCOUNT TOTAL LIQUID ASSETS AT EUR 1.7 BILLION, OF WHICH EUR 0.6 BILLION IS RING-FENCED FOR THE FORTIS SETTLEMENT.END-H1 COMBINED RATIO AT 95.7% VERSUS 97.8% YEAR AGO.END-H1 OPERATING MARGIN UNIT-LINKED AT 22 BPS VERSUS 28 BPS YEAR AGO.Q2 NET RESULT ALMOST DOUBLED THANKS TO THE SOLID OPERATING PERFORMANCE ACROSS ALL REGIONS AND EXCEPTIONAL ITEMS IN THE UK, ASIA.END-JUNE GROUP SOLVENCY II AGEAS 200.9% VERSUS 214.6% END-DEC.  Full Article

Ageas Q1 Net Result Grows To 251 Million Euros
Wednesday, 15 May 2019 

May 15 (Reuters) - AGEAS SA ::AGEAS FIRST QUARTER 2019 RESULT.GROUP INFLOWS (AT 100%) OF EUR 12.8 BILLION, UP 8%.WE ARE VERY PLEASED WITH STRONG SALES MOMENTUM RECORDED THIS Q1 - CEO.END-Q1 GROUP SOLVENCY II AGEAS RATIO AT 194% NOT YET INCLUDING THE BENEFIT FROM THE NEW DEBT ISSUE.Q1 NET RESULT OF EUR 251 MILLION VERSUS EUR 248 MILLION YEAR AGO.Q1 EPS EUR 1.30 VERSUS EUR 1.25 YEAR AGO.OUR ASIAN ACTIVITIES BENEFITED FROM A RECOVERY IN CHINESE EQUITY MARKETS AND INCORPORATED A POSITIVE, CONTRIBUTION FROM INVESTMENT IN INDIA - CEO.Q1 GROSS INFLOWS (AT 100 PERCENT) EUR 12.81 BILLION VERSUS EUR 11.85 BILLION YEAR AGO.EXECUTION OF THE FORTIS SETTLEMENT IS ONGOING.Q1 NET PROFIT IN LINE WITH LAST YEAR’S STRONG RESULT. TOP LINE GROWTH DRIVEN BY BELGIUM AND CHINA.END-MARCH 2019 GROUP SOLVENCY II AGEAS 194.1% VERSUS 214.6% END-DEC 2018.END-Q1 COMBINED RATIO AT 98.3% VERSUS 98.8% YEAR AGO.  Full Article

Ageas Completes The Acquisition Of The 40% Stake In RSGI
Friday, 22 Feb 2019 

Feb 22 (Reuters) - AGEAS NV ::REG-AGEAS COMPLETES THE ACQUISITION OF THE 40% STAKE IN INDIAN NON-LIFE INSURER RSGI.ACQUISITION REDUCES GROUP SOLVENCY II BY APPROXIMATELY 5%, BASED ON POSITION AS AT END OF 2018..FOLLOWING TRANSACTION AGEAS NOW HOLDS 40% OF SHARE CAPITAL OF RSGI, SUNDARAM FINANCE 50% AND VARIOUS OTHER SHAREHOLDERS REMAINING 10%.COMPLETION HAS A NET CASH IMPACT OF EUR 185 MILLION..  Full Article

Ageas Receives Favourable Judgment From Brussels Court Of Appeal In MCS Case
Monday, 4 Feb 2019 

Feb 4 (Reuters) - AGEAS NV ::AGEAS RECEIVES FAVOURABLE JUDGMENT FROM THE BRUSSELS COURT OF APPEAL IN THE MANDATORY CONVERTIBLE SECURITIES (MCS) CASE.  Full Article

India's CCI Approves Acquisition Of 40 Pct Stake In Royal Sundaram General Insurance By Ageas Insurance International N.V.
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Competition Commission Of India::APPROVES ACQUISITION OF 40 PERCENT STAKE IN ROYAL SUNDARAM GENERAL INSURANCE BY AGEAS INSURANCE INTERNATIONAL N.V..  Full Article

Ageas: Q3 Net Result Ageas Attrib. To Shareholders Misses Reuters Poll
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - AGEAS NV ::REG-AGEAS REPORTS 9M 2018 RESULT.9-MONTH GROUP NET RESULT AT EUR 656 MILLION VERSUS EUR 360 MILLION.9-MONTH GROUP INFLOWS (AT 100%) AT EUR 27.4 BILLION, UP 3% AT CONSTANT EXCHANGE RATE.9M TOTAL GROUP SOLVENCY II AGEAS RATIO 215 PERCENT.9-MONTH INSURANCE SOLVENCY II AGEAS RATIO AT 206% AND GROUP SOLVENCY II AGEAS RATIO AT 215%.9-MONTH COMBINED RATIO AT 95.1% VERSUS 94.9%.Q3 COMBINED RATIO 89.7 PERCENT VERSUS 92.7 PERCENT YEAR AGO.Q3 GROSS INFLOWS AGEAS'S PART EUR 3.19 BILLION VERSUS EUR 3.00 BILLION YEAR AGO.Q3 GROSS INFLOWS LIFE (CONSOL ENTITIES) EUR 1.30 BILLION VERSUS EUR 1.26 BILLION YEAR AGO.Q3 GROSS INFLOWS NON-LIFE (CONSOL ENTITIES) EUR 992.3 MILLION VERSUS EUR 993.8 MILLION YEAR AGO.Q3 NET RESULT INSURANCE ATTRIB TO SHAREHOLDERS EUR 188.6 MILLION VS EUR 209 MILLION IN REUTERS POLL.Q3 NET RESULT AGEAS ATTRIB TO SHAREHOLDERS EUR 214.4 MILLION VERSUS EUR 238 MILLION IN REUTERS POLL.9M OPERATING RESULT EUR 420.0 MILLION VERSUS EUR 473.5 MILLION YEAR AGO.9M NON-LIFE OPERATING RESULT EUR 259.1 MILLION VERSUS EUR 306.1 MILLION YEAR AGO.Q3 REUTERS POLL: NET PROFIT INSURANCE EUR 209 MILLION; NET PROFIT AGEAS EUR 238 MILLION; EPS EUR 1.20.WELL ON TRACK TO DELIVER ON AMBITION 2018 PROMISES.  Full Article

Ageas To Acquire 40 Pct Stake In RSGI
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - AGEAS NV ::REG-AGEAS SIGNS AGREEMENT TO ACQUIRE A 40% STAKE IN INDIAN NON-LIFE INSURER RSGI.ACQUISITION WILL REDUCE GROUP SOLVENCY II BY APPROXIMATELY 5%.ACQUIRE 40% OF SHARE CAPITAL OF ROYAL SUNDARAM GENERAL INSURANCE CO. LIMITED FOR A TOTAL CONSIDERATION OF EUR 186 MILLION.TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF 2019.AGREEMENT TO ACQUIRE AT A PRICE OF INR 15.2 BILLION, CORRESPONDING TO AN AMOUNT OF EUR 186 MILLION.  Full Article

Ageas Presents Strategy For The Next 3 Years
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Ageas NV ::AGEAS PRESENTS STRATEGY FOR THE NEXT 3 YEARS.EXPECTS GROUP EARNINGS PER SHARE CAGR OF 5-7% OVER THE 3 YEARS OF THE STRATEGIC PLAN.EXPECTS SHARE BUY-BACK PROGRAMME OF MINIMUM EUR 150 MILLION PER YEAR, EXCEPT IN CASE OF SIZEABLE M&A OPERATION.  Full Article

Ageas FY Insurance Net Profit Up At 960 Million Euros
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - AGEAS SA ::REPORTS FULL YEAR 2017 RESULTS‍​.FY GROUP NET RESULT AT EUR 623 MILLION VERSUS EUR 27 MILLION‍​.FY TOTAL GROUP SOLVENCY II AGEAS RATIO AT 196.3 PERCENT VERSUS 191.2 PERCENT YEAR AGO.FY 2017 REGULAR GROSS DIVIDEND UP TO EUR 2.10 FROM EUR 1.70 ‍​.FY COMBINED RATIO AT 95.2 PERCENT VERSUS 101.1 PERCENT.FY GROUP INFLOWS (AGEAS’S PART) GREW 2 PERCENT TO EUR 14.4 BILLION.FY INSURANCE NET PROFIT UP 33 PERCENT TO EUR 960 MILLION VERSUS EUR 721 MILLION.  Full Article

Ageas Q3 net profit insurance attributable to shareholders up at 240.9 million euros
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - AGEAS SA :Q3 GROSS INFLOWS COMPANY PART EUR 3.00‍​ BILLION VERSUS EUR 3.05 BILLION YEAR AGO.Q3 LIFE OPERATING MARGIN GUARANTEED AT ‍​0.90 PERCENT VERSUS 0.77 PERCENT YEAR AGO.Q3 LIFE OPERATING MARGIN UNIT LINKED AT ‍​ 0.28 PERCENT VERSUS 0.08 PERCENT YEAR AGO.Q3 COMBINED RATIO AT 92.7‍​ PERCENT VERSUS 93.2 PERCENT YEAR AGO.Q3 NET PROFIT INSURANCE ATTRIBUTABLE TO SHAREHOLDERS EUR ‍​ 240.9 MILLION VERSUS EUR 193 MILLION IN REUTERS POLL.  Full Article

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Generali, Catalana in final race for $682 million Portuguese deal - sources

LONDON Italy's top insurer Assicurazioni Generali and Spanish rival Grupo Catalana Occidente are vying to take control of Portuguese insurance firm Tranquilidade in a deal worth up to $682 million (537 million pounds), five sources familiar with the matter told Reuters.