With a lower than expected net profit (€623m released vs. €683m expected), Ageas’ performance was not exceptionally good. However, with the highest regular dividend since 2007 (€2.1/share), the insurer surprised us. The strong capital position of the Belgian company encouraged management to increase its payout ratio. Concerns about the Fortis Affair are behind and the focus is now on the compensation models of claimant organisations. No major changes are expected in the i
21 Feb 2018
The highest regular dividend since 2007
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The highest regular dividend since 2007
ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
21 Feb 2018 -
Author:
Bassem Neifer -
Pages:
3
With a lower than expected net profit (€623m released vs. €683m expected), Ageas’ performance was not exceptionally good. However, with the highest regular dividend since 2007 (€2.1/share), the insurer surprised us. The strong capital position of the Belgian company encouraged management to increase its payout ratio. Concerns about the Fortis Affair are behind and the focus is now on the compensation models of claimant organisations. No major changes are expected in the i