Ageas posted a 1% increase in 9M inflows to €27,387m. Life sales recovered (+2% to €22,849m). However, the operating result dropped by 11% to €420m. Non-Life sales continued their downward trend. The Q3 operating earnings rose but it was not enough to offset the ytd losses (-15% tp €259m). The 9M 18 net result amounted to €655m. The insurer announced the acquisition of 40% of the Indian RSGI for €186m. The results agreed with our estimates. No major changes are e
14 Nov 2018
Stable outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Stable outlook
ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
14 Nov 2018 -
Author:
Bassem Neifer -
Pages:
3
Ageas posted a 1% increase in 9M inflows to €27,387m. Life sales recovered (+2% to €22,849m). However, the operating result dropped by 11% to €420m. Non-Life sales continued their downward trend. The Q3 operating earnings rose but it was not enough to offset the ytd losses (-15% tp €259m). The 9M 18 net result amounted to €655m. The insurer announced the acquisition of 40% of the Indian RSGI for €186m. The results agreed with our estimates. No major changes are e