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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Ageas SA/NV    AGS   BE0974264930

AGEAS SA/NV

(AGS)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 08/13 03:59:52 pm
37.81 EUR   -1.20%
11:41aAGEAS AND BLACKROCK : Transparency notification
AQ
08/10AGEAS SA/NV : Hesitation should subside in favor of volatility
08/07AGEAS / : Interim Financial Statements
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AGEAS : Regulated Information - Ageas results 3 months 2012

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05/14/2012 | 01:35am EDT

Strong performance of our insurance activities

  • Insurance net profit of EUR 155 million, +15%;
     
    • Life net result at EUR 126 million (+19%)
    • Non-Life net result at EUR 26 million (+5%); Group combined ratio at 101.9% vs.101.5%
       
  • Group inflows at EUR 5.7 billion, +17%;
     
    • Life inflows at EUR 4.1 billion, +14%
    • Non-Life inflows at EUR 1.6 billion, +27%
       
  • Life Funds under management scope-on-scope at EUR 65.6 billion, up 2% vs. end 2011;

Group net result at EUR 84 million negative, mainly impacted by legacies

  • General Account net loss of EUR 239 million, of which EUR 213 million related to legacies and including the impact of the transaction with BNP Paribas;

Shareholders' equity up, solvency strong and stable

  • Shareholders' equity at EUR 8.3 billion, EUR 3.48 per share, +8% vs. end 2011;
     
  • Insurance solvency at 207%; Group solvency ratio at 237%; available capital EUR 5.1 billion above the minimum requirements; net cash position of EUR 1.3 billion ;
     
  • Net exposure to Southern European sovereigns at EUR 2.3 billion, down by EUR 0.7 billion vs. end 2011.

CEO Bart De Smet said:
"Our insurance activities have started well in 2012, with improved inflows and profits in nearly all segments of our activities, especially in Asia where we, for the first time, passed the EUR 2 billion per quarter inflow level. The main exception to this generally improved picture is the result of Fire in Belgium, which was impacted by a severe storm in January.

 

By reaching an agreement with BNP Paribas on the RPN(I) and the Tier 1 Instrument, we made additional progress in solving the outstanding legacies. We also announced initiatives to further simplify our legal structure. We received a number of court decisions related to various legal procedures and will appeal those we disagree with.

 

While giving the required attention to the legacy issues, we remain focused on our operational priorities so that we will continue to strengthen Ageas' position as a solid international insurance company.  The operational results of the first quarter show that we are indeed on the right path. We expect inflows levels for 2012 to outperform 2011."





This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Ageas via Thomson Reuters ONE

HUG#1611676
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All news about AGEAS SA/NV
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Financials
Sales 2020 8 404 M 9 933 M 9 933 M
Net income 2020 1 041 M 1 230 M 1 230 M
Net Debt 2020 1 125 M 1 330 M 1 330 M
P/E ratio 2020 6,91x
Yield 2020 7,01%
Capitalization 7 149 M 8 457 M 8 450 M
EV / Sales 2020 0,98x
EV / Sales 2021 0,98x
Nbr of Employees 9 858
Free-Float 90,0%
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Technical analysis trends AGEAS SA/NV
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 42,47 €
Last Close Price 37,82 €
Spread / Highest target 45,4%
Spread / Average Target 12,3%
Spread / Lowest Target -23,3%
EPS Revisions
Managers
NameTitle
Bart Karel de Smet Chief Executive Officer & Executive Director
Jozef G. de Mey Non-Executive Chairman
António Cano Chief Operating Officer & Director
Christophe Boizard Chief Financial Officer & Executive Director
Guy Jacques Marie de Selliers de Moranville Vice Chairman
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