Ageas reported a net income of €809m, 2% lower than our estimates. Q4 was difficult with a 52% drop in the net result to €133m. The poor performance of the equity markets during Q4 affected the Life result (-70% to €45m). The Non-Life division also suffered (-29% to €88m). The Solvency ratio stood at 214% and the proposed dividend met our estimates at €2.20/share. We will keep our positive trend in the insurer’s future operating performances.
20 Feb 2019
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ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
20 Feb 2019 -
Author:
Bassem Neifer -
Pages:
3
Ageas reported a net income of €809m, 2% lower than our estimates. Q4 was difficult with a 52% drop in the net result to €133m. The poor performance of the equity markets during Q4 affected the Life result (-70% to €45m). The Non-Life division also suffered (-29% to €88m). The Solvency ratio stood at 214% and the proposed dividend met our estimates at €2.20/share. We will keep our positive trend in the insurer’s future operating performances.