We publish our new Ageas IFRS 17 model and reaffirm our BUY recommendation. Transitioning from the previous accounting standards to the new IFRS 17 framework is expected to drive up the projected profits.
Ageas maintains a strong presence in the Asian market, with several JVs. These Asian investments collectively contribute a substantial proportion, approximately 45%, of the company’s operating profit. We expect this contribution to continue to grow, driven by the different growth dynamics in A ....
