Q1 17 insurance net profit stood at €222m, up 10.0% yoy. Life’s net profit reached €168m (17.3% yoy). Non-Life insurance’s net profit stood at €54m vs. €57m a year before. Group inflows including the non-consolidated partnerships at 100% reached €12,672m (up 14% yoy), of which €10,921m was related to the Life business (+16.1% yoy) and €1,751m related to the Non-Life division (up 1% relative to Q1 16). The group’s combined ratio stood at 98.
16 May 2017
Promising start to the year
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Promising start to the year
ageas SA/NV (AGS:WBO) | 0 0 0.6% | Mkt Cap: 8,608m
- Published:
16 May 2017 -
Author:
Bassem Neifer -
Pages:
3
Q1 17 insurance net profit stood at €222m, up 10.0% yoy. Life’s net profit reached €168m (17.3% yoy). Non-Life insurance’s net profit stood at €54m vs. €57m a year before. Group inflows including the non-consolidated partnerships at 100% reached €12,672m (up 14% yoy), of which €10,921m was related to the Life business (+16.1% yoy) and €1,751m related to the Non-Life division (up 1% relative to Q1 16). The group’s combined ratio stood at 98.