Ageas posted a 2% decrease in inflows to €20,128m (+1% increase lfl). A strong recovery was observed in Life sales and the ytd decrease was reduced to 1% to €16,996m. However, the operating result dropped by 17% to €125m. Non-Life sales and operating earnings continued their downward trend. The capital position is solid and a new share buy-back programme for €200m was announced. The results agreed with our estimates. We will refine our model to include the excellent Asian
08 Aug 2018
Fragile operating earnings
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Fragile operating earnings
ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
08 Aug 2018 -
Author:
Bassem Neifer -
Pages:
3
Ageas posted a 2% decrease in inflows to €20,128m (+1% increase lfl). A strong recovery was observed in Life sales and the ytd decrease was reduced to 1% to €16,996m. However, the operating result dropped by 17% to €125m. Non-Life sales and operating earnings continued their downward trend. The capital position is solid and a new share buy-back programme for €200m was announced. The results agreed with our estimates. We will refine our model to include the excellent Asian