Ageas’s FY 16 insurance net profit stood at €821.2m, up 8.7% relative to 2015, but the Q4 16 was difficult with just €17.9m, a drop of 87.4% yoy. FY 16 Life net profit reached €703.6m (+22.8% yoy). The last quarter of the year recorded a decrease of 44.8% to €81.1m. Non-Life & Other Insurance net profit stood at €117.6m, down by 35.5% yoy. Q4 16 was difficult with a loss of €-63.2m. Group inflows (including the non-consolidated partnerships at 100%) rea
17 Feb 2017
Good dividend awaiting the Fortis settlement
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Good dividend awaiting the Fortis settlement
ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
17 Feb 2017 -
Author:
Bassem Neifer -
Pages:
3
Ageas’s FY 16 insurance net profit stood at €821.2m, up 8.7% relative to 2015, but the Q4 16 was difficult with just €17.9m, a drop of 87.4% yoy. FY 16 Life net profit reached €703.6m (+22.8% yoy). The last quarter of the year recorded a decrease of 44.8% to €81.1m. Non-Life & Other Insurance net profit stood at €117.6m, down by 35.5% yoy. Q4 16 was difficult with a loss of €-63.2m. Group inflows (including the non-consolidated partnerships at 100%) rea