Ageas posted an 8% increase in its inflows to €12,808m, driven by both the Life and Non-Life businesses. The net result was up 1.2% to €251m, saved by lower losses from the General Account (€-7m vs. €-52m in Q1 18). While the decrease in the Non-Life business was expected, as it is under transformation, the Life earnings were hit by timing differences on capital gains. The Solvency II ratio stood at 194%. Released figures are broadly in line with estimates.
15 May 2019
Positive start to the year
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Positive start to the year
ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
15 May 2019 -
Author:
Bassem Neifer -
Pages:
3
Ageas posted an 8% increase in its inflows to €12,808m, driven by both the Life and Non-Life businesses. The net result was up 1.2% to €251m, saved by lower losses from the General Account (€-7m vs. €-52m in Q1 18). While the decrease in the Non-Life business was expected, as it is under transformation, the Life earnings were hit by timing differences on capital gains. The Solvency II ratio stood at 194%. Released figures are broadly in line with estimates.