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Ageas SA

AGES.BR

Latest Trade

38.06EUR

Change

-0.21(-0.55%)

Volume

329,663

Today's Range

37.48

 - 

38.14

52 Week Range

25.13

 - 

55.00

As of on the Euronext Brussels ∙ Minimum 15 minute delay

Latest Developments

Ageas Six Months Group Net Result Up At 791 Million Euros

Aug 7 (Reuters) - Ageas SA <AGES.BR>::AGEAS REPORTS ON INTERIM RESULTS.SIX MONTHS GROUP INFLOWS (AT 100%) DOWN 5% TO EUR 20 BILLION.SIX MONTHS GROUP NET RESULT STOOD AT EUR 791 MILLION AND INCLUDES THE GAIN ON THE FRESH TRANSACTIONS OF EUR 332 MILLION.END-H1 COMBINED RATIO AT 91.7%.Q2 GROUP INFLOWS (AT 100%) MORE OR LESS STABLE AT EUR 8 BILLION.H1 SHAREHOLDER'S EQUITY AGEAS EUR 11.4 BILLION VERSUS EUR 11.12 BILLION IN COMPANY-PROVIDED CONSENSUS.Q2 GROUP NET RESULT STOOD AT EUR 339 MILLION THANKS TO EXCELLENT NON-LIFE RESULT MORE THAN COMPENSATING FOR LOWER RESULT IN LIFE.END-H1 GROUP SOLVENCY II AGEAS RATIO AT 192% INCLUDING THE NEGATIVE IMPACT OF THE TENDER ON THE FRESH SECURITIES.END-H1 GENERAL ACCOUNT TOTAL LIQUID ASSETS AT EUR 1.5 BILLION.AGEAS SA H1 PROVIDED CONSENSUS: NET RESULT AGEAS EUR 667 MILLION; SHAREHOLDER'S EQUITY AGEAS EUR 11.12 BILLION.AGEAS SA H1 PROVIDED CONSENSUS: NON-LIFE NET RESULT EUR 145 MILLION; LIFE NET RESULT EUR 228 MILLION.WITHOUT MATERIAL NEGATIVE IMPACT FROM THE FINANCIAL MARKETS IN THE COMING MONTHS, WE FEEL CONFIDENT WE WILL BE ABLE TO ACHIEVE A RESULT CLOSE TO OUR INITIAL GUIDANCE - CEO.H1 LIFE NET RESULT OF EUR 310 MILLION AFFECTED BY COVID-19 RELATED IMPACT ON THE INVESTMENT RESULT.H1 NON-LIFE NET RESULT EUR 181 MILLION VERSUS EUR 145 MILLION IN COMPANY-PROVIDED CONSENSUS.

Ageas Announces Jozef De Mey Steps Down As Chairman As Of 22 October 2020

Aug 7 (Reuters) - Ageas SA <AGES.BR>::JOZEF DE MEY STEPS DOWN AS CHAIRMAN OF THE BOARD OF DIRECTORS OF AGEAS SA/NV AS OF 22 OCTOBER 2020.DECISION TO ANTICIPATE HIS DEPARTURE IS A PERSONAL DECISION TAKEN BY CHAIRMAN.BOARD OF DIRECTORS OF AGEAS IS WELL PREPARED AND PROCESS IS ALREADY UNDERWAY TO ENSURE A SMOOTH TRANSITION.AGEAS WILL COMMUNICATE FURTHER ON PROPOSED CANDIDATE AT APPROPRIATE TIME.DE MEY'S CURRENT MANDATE WAS FORESEEN TO EXPIRE ON 19 MAY 2021.

Ageas Reaches Out-Of-Court Settlement In Relation to Fortis Events Of 2007, 2008

June 8 (Reuters) - AGEAS SA <AGES.BR>::REACHES AGREEMENT WITH M. MODRIKAMEN AND THE CLIENTS HE REPRESENTS.HAS AGREED WITH M. MODRIKAMEN AN OUT-OF-COURT SETTLEMENT ON LEGAL PROCEEDINGS INITIATED BY M. MODRIKAMEN AGAINST AGEAS.AGREED TO PAY THE CLIENTS OF M. MODRIKAMEN WHO OPTED OUT IN THE FORTIS SETTLEMENT COMPENSATION IN LINE WITH THE WCAM AGREEMENT.

Ageas Says Cannot Confirm 2020 Guidance, Posts Q1 Net Result Up At EUR 452 Mln

May 13 (Reuters) - AGEAS SA <AGES.BR>::REPORTS Q1 2020 RESULTS.INSURANCE NET RESULT OF EUR 113 MILLION VERSUS EUR 258 MILLION.OVERALL SOLID UNDERLYING OPERATIONAL PERFORMANCE MITIGATING LOWER INVESTMENT RESULT DUE TO COVID-19 PANDEMIC.Q1 GROUP NET RESULT STRONGLY SUPPORTED BY EXCEPTIONAL NON-CASH ONE-OFF.ON CORONAVIRUS: IMPACT ON AGEAS’S INSURANCE OPERATIONS WAS RELATIVELY LIMITED BOTH WITH RESPECT TO INFLOWS AND CLAIMS.GROUP SOLVENCY II RATIO AT 196% INCLUDING NEGATIVE IMPACT OF TENDER ON FRESH SECURITIES.GROUP SOLVENCY II (AGEAS) RATIO AT 196%.GENERAL ACCOUNT TOTAL LIQUID ASSETS AT EUR 1.6 BILLION, OF WHICH EUR 0.4 BILLION IS RING-FENCED FOR FORTIS SETTLEMENT.LIFE TECHNICAL LIABILITIES EXCLUDING SHADOW ACCOUNTING OF CONSOLIDATED ENTITIES AT 31 MARCH 2020 DECREASED BY 3% TO EUR 75,5 BILLION.RESULT WAS ALSO MARKED BY THE ADVERSE WEATHER IN BELGIUM AND THE UK AND BY THE TENDER OFFER ON THE FRESH SECURITIES.END-Q1 SHAREHOLDERS' EQUITY AT EUR 10.8 BILLION OR EUR 57.75 PER SHARE.Q1 GROUP NET RESULT STOOD AT EUR 452 MILLION VERSUS EUR 251 MILLION BENEFITING FROM RESULT OF TENDER ON FRESH SECURITIES AT END OF 2019.GIVEN THE UNCERTAINTIES BROUGHT BY THE COVID 19 OUTBREAK AGEAS CANNOT CONFIRM ITS GUIDANCE FOR 2020.LIFE NET RESULT OF EUR 89 MILLION INFLUENCED BY COVID-19 RELATED TURMOIL ON FINANCIAL MARKETS IN BELGIUM AND ASIA.

Ageas Confirms Intention To Pay 2019 Total Gross Cash Dividend Of EUR 2.65

April 8 (Reuters) - Ageas SA <AGES.BR>::CONFIRMS ITS INTENTION TO PAY OVER 2019 A TOTAL GROSS CASH DIVIDEND PROPOSAL OF EUR 2.65 PER SHARE.SOLVENCY POSITION REMAINS STRONG.TOTAL CASH POSITION AMOUNTED TO EUR 2.2 BILLION AT END OF LAST YEAR.A FIRST DIVIDEND PAYMENT OF EUR 0.27 PER SHARE WILL BE PROPOSED TO GENERAL SHAREHOLDERS' MEETING OF WEDNESDAY 20 MAY 2020.WILL CONTINUE ONGOING BUY-BACK PROGRAMME OF EUR 200 MILLION OF WHICH APPROXIMATELY EUR 137 MILLION HAS ALREADY BEEN REALISED ON 3 APRIL 2020.BOARD DECIDED TO POSTPONE DECISION ON REMAINING DIVIDEND PAYMENT UNTIL A SECOND GENERAL SHAREHOLDERS' MEETING TO BE HELD IN OCT 2020.WILL ADJUST ITS DISTRIBUTION FOR YEAR 2019.

Ageas: Ant Middle Replaces Andy Watson As CEO Of Ageas UK

April 7 (Reuters) - AGEAS SA <AGES.BR>::ANDY WATSON HANDS OVER TO ANT MIDDLE AS CEO, AGEAS UK.

Ageas Reaches Settlement In The Dutch Case On Appeal

March 23 (Reuters) - AGEAS SA <AGES.BR>::REACHES SETTLEMENT IN THE DUTCH CASE ON APPEAL.ANNOUNCES THAT IT HAS REACHED AN OUT-OF-COURT SETTLEMENT WITH THE SEVEN PARTIES WHO OPTED OUT IN THE FORTIS SETTLEMENT TO SETTLE THE CASE THAT WAS INITIATED IN THE NETHERLANDS IN JULY 2009.REACHED AN AMICABLE SETTLEMENT WITH THE PLAINTIFFS AND WILL PAY THEM, NEXT TO AN AMOUNT IN LINE WITH THE WCAM AGREEMENT, A COMPENSATION FOR THE COSTS AND DAMAGES RELATED TO THE LEGAL PROCEEDINGS.THE PROCEEDINGS WILL HENCE BE TERMINATED BY ALL PARTIES WITH IMMEDIATE EFFECT.

Ageas 2019 Net Result Stood At 979 Million Euros

Feb 19 (Reuters) - Ageas SA <AGES.BR>::REG-AGEAS REPORTS ON ITS FULL YEAR 2019 RESULTS.DIRECT IMPACT OF INSURANCE CLAIMS RELATED TO 2019-NCOV IS EXPECTED TO BE LIMITED..2019 NET RESULT STOOD AT EUR 979 MILLION VERSUS EUR 809 MILLION THANKS TO GOOD NON-LIFE PERFORMANCE IN BELGIUM AND CONTINENTAL EUROPE AND ASIAN LIFE BUSINESS..Q4 LIFE NET RESULT INCREASED CONSIDERABLY FROM EUR 45 MILLION TO EUR 174 MILLION DRIVEN BY ASIA AND BELGIUM.CORONAVIRUS: INDIRECT IMPACT COMING FROM ECONOMIC SLOWDOWN AND VOLATILITY IN FINANCIAL MARKETS AND INTEREST RATES COULD INFLUENCE OUR ASIAN COMMERCIAL ACTIVITY AND RESULTS.Q4 NON-LIFE NET RESULT DECREASED FROM EUR 88 MILLION TO EUR 60 MILLION MAINLY DUE TO CHALLENGING UK MOTOR MARKET.Q4 NET RESULT FELL FROM EUR 154 MILLION TO EUR 102 MILLION MAINLY DUE TO RPN REVALUATION OVER QUARTER OFFSETTING EARLIER GAINS, AND LOWER UK NET RESULT.2019 GROUP INFLOWS (AT 100%) OF EUR 35.9 BILLION, UP 11%, SCOPE-ON-SCOPE.Q4 GROUP INFLOWS (AT 100%) OF EUR 7.3 BILLION, UP 9%, SCOPE-ON-SCOPE.PROPOSED CASH DIVIDEND OF EUR 2.65 REPRESENTS A 50% PAY-OUT RATIO OVER A RECORD RESULT AND IS FULLY IN LINE WITH OUR DIVIDEND POLICY.Q4 GROUP INFLOWS (AGEAS'S PART) UP 5% AT EUR 3.3 BILLION, SCOPE-ON-SCOPE.2019 OPERATING MARGIN GUARANTEED STABLE AT 88 BPS AND WELL WITHIN TARGET RANGE OF 85 BPS TO 95 BPS.2019 OPERATING MARGIN UNIT-LINKED UP AT 28 BPS VERSUS 25 BPS IN 2018 AND ONLY JUST BELOW TARGET RANGE.2019 GROUP SOLVENCY IIAGEAS RATIO STANDS AT 217%.

Ageas Updates On FRESH Tender And RT1 Issuance

Jan 10 (Reuters) - Ageas SA <AGES.BR>::AGEAS REPORTS ON THE IMPACT OF FRESH TENDER AND RT1 ISSUANCE.THIS TENDER TRANSACTION WILL GENERATE A GAIN ON EXTINGUISHMENT OF DEBT, NET OF UNWINDING OF ASSOCIATED INTEREST RATE SWAP, OF AROUND EUR 306 MILLION IN Q1 OF 2020.THIS GAIN CONSTITUTES A NON-CASH ELEMENT AND WILL THEREFORE NOT BE AVAILABLE FOR DIVIDEND DISTRIBUTION.TENDER TRANSACTION WILL, IN Q1 OF 2020, HAVE A NEGATIVE IMPACT OF 12% ON GROUP'S SOLVENCY RATIO (VERSUS. 9M 2019) AND WILL GENERATE A CASH-OUT OF EUR 513 MILLION.THIS DECREASE IN SOLVENCY HAS ALREADY BEEN MORE THAN OFFSET BY POSITIVE EFFECT OF ISSUANCE OF RESTRICTED TIER 1 SUBORDINATED INSTRUMENT ON 10 DECEMBER 2019.THESE TRANSACTIONS COMBINED WILL FURTHER IMPROVE AGEAS'S ALREADY STRONG SOLVENCY POSITION AND WILL INCREASE NET CASH POSITION BY AROUND EUR 237 MILLION.

Ageas Announces Final Outcome Of Tender Offer For FRESH Securities

Jan 3 (Reuters) - Ageas SA <AGES.BR>::65.50% (EUR 818,750,000) OF THE AGGREGATE PRINCIPAL AMOUNT OF THE FRESHI SECURITIES OUTSTANDING WERE TENDERED FOR AGEASFINLUX S.A. TO PURCHASE.EXPECTED SETTLEMENT DATE OF PURCHASE OF TENDERED FRESH SECURITIES IS 8 JANUARY 2020.PURCHASED FRESH SECURITIES WILL BE EXCHANGED INTO 2,599,206 UNDERLYING SHARES OF AGEAS SA/NV.TOTAL NUMBER OF OUTSTANDING SHARES REMAINS UNCHANGED.SHARES WILL REMAIN ON GROUP'S BALANCE SHEET AS TREASURY SHARES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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