Research, Charts & Company Announcements
Research Tree offers AGEAS research coverage from 1 professional analysts, and we have 6 reports on our platform.
Our simple but effective charting function allows for a quick scan of AGEAS's performance over multiple time horizons.
|24/10/2016 16:40:00||GlobeNewswire||Regulated information - Ageas reports on the progress of share buy-back programme|
|17/10/2016 16:40:00||GlobeNewswire||Regulated information - Ageas reports on the progress of share buy-back programme|
|10/10/2016 16:40:00||GlobeNewswire||Regulated information - Ageas reports on the progress of share buy-back programme|
|03/10/2016 16:40:00||GlobeNewswire||Regulated information - Ageas reports on the progress of share buy-back programme|
|27/09/2016 06:30:00||GlobeNewswire||Ageas announces next step in Fortis settlement procedure: public hearing|
|26/09/2016 16:40:00||GlobeNewswire||Regulated information - Ageas reports on the progress of share buy-back programme|
|19/09/2016 16:40:00||GlobeNewswire||Regulated information - Ageas reports on the progress of share buy-back programme|
Frequency of research reports
Research reports on AGEAS
Providers covering AGEAS
Tomorrow will be better
19 May 16
Q1 16 insurance net profit stood at €201m, up 1.5% yoy. Life’s net profit reached €143m (-3% yoy). Non-Life Insurance’s net profit stood at €57m vs. €50m a year before. Group inflows including the non-consolidated partnerships at 100% reached €11,111m (up 11% yoy), of which €9,377m related to the Life business (+14% yoy) and €1,734m related to the Non-Life division (steady relative to Q1 15). The group’s combined ratio stood at 97.8% (vs. 96.6% in Q1 15). The General Account recorded a net loss of €834m. The group’s Q1 16 net result amounted to €-633m. Shareholders’ equity amounted to €10,324m. The Solvency II ratio stood at 182%. The General Account’s net cash position reached €939m by the end of Q1 16 vs. €1,604 in Q4 15.
17 Feb 16
FY 15 insurance net profit stood at €755m, up 2.5% relative to 2014. FY 15 Life net profit reached €572m (+7.4% yoy), after a good Q4 15 net profit increase of 60.1% to €147m. Non-Life & Other Insurance net profit stood at €182m, down by 10.7%. The Q4 15 was difficult with a loss of €-6.1m vs. €42.7m in the same period in 2014. Group inflows including the non-consolidated partnerships at 100% reached €29,791m (up 15.5% yoy), of which €23,493m related to the Life business (+19% yoy) and €6,298m related to the Non-Life division (+4.1% yoy). The group’s combined ratio stood at 96.8% (vs. 99.6% in 2014). ROE was 7.9% (vs. 8.8% in 2014, below the 11% targeted). The General Account recorded a net profit of €15m vs. a loss of €261m. The group’s net profit increased by 61.7% to €770m. Shareholders’ equity amounted to €11,376m. The insurance solvency ratio and group solvency stood at 226% and 228%, respectively. The General Account’s net cash position reached €1,604m by the end of 2015 vs. €1,308m the year before. The proposed 2014 gross cash dividend is €1.65 per share, an increase of 6.5% compared to the previous year.
A sudden brake after H1 rally
05 Nov 15
9M 15 insurance net profit stood at €613m, up 6% year-on-year. The operating result of Life's consolidated entities decreased by 12% to €382m (-32% in the Q3 to €96m) and net profit reached €425m (-4% yoy) after the 72% drop in Q3 to €43m. 9M 15 Non-Life insurance's net profit stood at €193m vs. €111m a year before. The Q3 15 recorded a 5% increase to €66m. Other business posted a loss of €5.9m. Group inflows including non-consolidated partnerships at 100% reached €22,769m (up 17% yoy), of which €17,934m related to the Life business (+21% yoy) and €4,834m related to the Non-Life division (+5% yoy). The group's combined ratio stood at 95.1% (vs. 99.6% in 9M 14). The General Account recorded a net loss of €14m (vs. a net loss of €288m in 9M14). In Q3, the net result was positive (€21m) benefiting mainly from the positive revaluation of the RPN(I). Shareholders’ equity amounted to €10,917m. The insurance solvency ratio and the group solvency ratio stood at 231% and 232%, respectively. The General Account's net cash position reached €1,406m by the end of 9M 15 vs. €1,637m in December 2014.
Goodbye Hong Kong
31 Aug 15
Ageas has agreed to sell its Life insurance business in Hong Kong to JD Capital for HKD10,688m (€1,230m). The transaction is expected to be completed within H1 16. Based on H1 15 figures and still subject to closing adjustments, the transaction is expected to have an impact on the net result of around €0.45bn at the time of closing. Management announced that despite this transaction, the company remains firmly committed to Asia and will further strengthen its business in the region by focusing on the six growth markets it is now present in through its successful JV in Malaysia, China, Thailand and India, as well as the partnerships recently established in the Philippines and Vietnam. Furthermore, Ageas continues to explore opportunities in high growth markets in the region.
Asia + currency = the magic bullet
05 Aug 15
H1 15 insurance net profit stood at €504m, up 48% year-on-year. The operating result of the Life consolidated entities decreased by 2% to €286m but net profit reached €382m (+34% yoy). Non-Life Insurance's net profit stood at €127.3m vs. €48.8m a year before. Other business posted a loss of €5.6m. Group inflows including non-consolidated partnerships at 100% reached €16,617m (up 21% yoy), of which €13,326m related to the Life business (+25% yoy) and €3,291m related to the Non-Life division (+5% yoy). The group's combined ratio stood at 95.2% (vs. 102% in H1 14). The General Account recorded a net loss of €34.6m (vs. a net loss of €309.2m in H1 14). Shareholders’ equity amounted to €11,109m. The insurance solvency ratio and the group solvency ratio stood at 234% and 235%, respectively. The General Account's net cash position reached €1,508m by the end of H1 15 vs. €1,637m in 2014. A new share buy-back programme of €250m will be launched on 17 August 2015.
Chinese engine can slow down
09 Jul 15
China's stock markets are plunging. Three difficult weeks have resulted in a loss of $3,000bn. The country of 90 million retail investors has begun to fear of the bursting of the equity bubble after months of rallying. Like other European players, Ageas is present in China through a JV. The Asian region is a key business area for the insurer, which had decided to deploy more capital in emerging markets in general, and in China in particular. With the current events, the Belgian insurer is likely to have some concerns about its Asian operations.
Research on related companies
View the latest research on other companies in the sector, published by expert analysts across the city, at some of the best quality Banks, Brokers, and Independent Providers in the market.
Highly concentrated portfolio, strong performance
26 Oct 16
Finsbury Growth & Income Trust (FGT) aims to generate long-term growth in capital and income from a concentrated portfolio of primarily UK equities, which are held for the long term. FGT is benchmarked against the FTSE All-Share index, but is not constrained by its composition; c 70% of the portfolio is invested in consumer stocks. The trust has a progressive dividend policy and annual dividends have compounded by 6.9% pa since FY11; the current dividend yield is 2.0%. FGT has outperformed its peers and the benchmark over one, three, five and 10 years. Strong investor demand along with capital appreciation means the size of the trust has grown significantly; assets under management now approach £1bn.
UK Housebuilding Sector: Q3 2016 - “I am Steve McQueen”
11 Oct 16
Steve was street savvy, but he was not the smartest knife in the drawer, which makes his Delphic comment to Robert Vaughn all the more surprising. What Steve was saying is that “it’s not over yet”; that there is still a lot more to come (sadly for McQueen, who died in 1980 aged 50, it was a future that was not his). The same is true of Brexit and the collateral undulations that it has riven in the UK Housebuilding Sector. Immediately post-the-Brexit-vote, the UK Housebuilding Sector tanked 36% in value in two trading days (24 and 27 June with a weekend in between); and at one stage was off almost 40%.
Acquisition of London & Colonial
21 Oct 16
The acquisition of LCH for up to £5.4m adds a SIPP offer to STM’s portfolio as well as strengthening the group's Life and QROPS books. Employing cash, debt and an element of deferred purchase terms makes the deal usefully earnings-enhancing, adding £0.5m to 2017 estimates. Forecast EPS of 5.9p for 2017 places the shares on a PE multiple of 8.0x, while retaining net cash on the balance sheet leaves the group well positioned to maintain its commitment to a progressive dividend policy.
21 Oct 16
STM* (STM): Acquisition of London & Colonial (CORP) | Hurricane Energy (HUR): £70m placing and open offer (BUY) | Firestone Diamonds* (FDI): Liqhobong commissioning update (BUY) | Accsys (AXS): Acorn aiming to be a mighty oak – analyst interview (BUY) | Avacta* (AVCT): Act now… – analyst interview (CORP) | Tristel* (TSTL): Full year 2016 results – analyst interview (CORP)
N+1 Singer - Morning Song 24-10-2016
24 Oct 16
Sigma has announced that a major £39m regeneration scheme near Liverpool Lime Street has been launched with funding from a new partner, Curlew. The scheme will include retail/leisure space, a 101 bedroom hotel pre-let to Premier Inn and a 412 student accommodation building. Construction will begin by the end of 2016. Sigma continues to pursue regeneration opportunities which reinforce delivery capabilities and are complementary to core PRS activities. We make no changes to our forecasts as a result of this launch. We continue to follow Sigma’s delivery of both managed and self-funded PRS housing, leveraging the new HCA facility secured in September.