Ageas posted a 6% decrease in its inflows to €11,852m, but this includes a 4% negative currency impact. The decline concerned both Life and Non-Life business, down 7% to €10,149m and 3% to €1,703m, respectively. The insurance results were up 35% to €299m, supported by the exceptional results in China. We expect a lower Asian contribution to earnings in Q2 18. The Solvency II ratio stood at 195%. These released figures are better than expected and we will raise our estimate
16 May 2018
China drives earnings
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China drives earnings
ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
16 May 2018 -
Author:
Bassem Neifer -
Pages:
3
Ageas posted a 6% decrease in its inflows to €11,852m, but this includes a 4% negative currency impact. The decline concerned both Life and Non-Life business, down 7% to €10,149m and 3% to €1,703m, respectively. The insurance results were up 35% to €299m, supported by the exceptional results in China. We expect a lower Asian contribution to earnings in Q2 18. The Solvency II ratio stood at 195%. These released figures are better than expected and we will raise our estimate