Ageas reports on its nine month results 2021
10 November 2021 - 7:30AM
Ageas reports on its nine month results 2021
Ageas reports on
its nine month
results 2021
- Continued strong
commercial performance across the business
- Excellent operating
performance in both Life and Non-Life
- On track to reach
2021 profit guidance and Connect21 targets
|
|
|
Net Result |
- The Group net result
was EUR 568
million driven by an excellent performance in
Life, but hampered by RPN(i)
- Insurance net result
increased from EUR 737 million to
EUR
777 million
- Net result in
Non-Life amounted to EUR
236 million
compared to EUR 311 million in last year
- Life net result of
EUR 541 million
compared to EUR 426 million last year
- Group Q3 net result
amounted to EUR 161
million
|
|
Inflows |
- The Group
inflows (at 100%) were up 11% to EUR
31 billion
- Life inflows (at
100%) were up 9% to EUR 25
billion driven by a solid commercial performance
across the regions
- Non-Life inflows (at
100%) were significantly up to EUR
6 billion mainly thanks to
Belgium and the inclusion of Taiping Re
- Q3 inflows (at 100%)
increased by 13% from EUR 7.8 billion to EUR 8.8
billion
|
|
OperatingPerformance |
- Excellent Combined ratio at
95.2%,
including 5% impact from adverse weather events
- Operating Margin Guaranteed at
96 bps and
Operating Margin Unit-Linked at 34
bps. Both margins within the target range
|
|
Balance Sheet |
- Shareholders’ equity at EUR
11.5 billion or EUR
61.79 per share
- Group Solvency IIageas ratio remained
strong at 187%,
well within our risk appetite and Solvency target
- General Account Total Liquid Assets as
at 30 September 2021 at EUR 1.3
billion
- Life Technical Liabilities excl.
shadow accounting of the consolidated entities up 1% compared to
end 2020 to
EUR 74.6
billion
|
A complete overview of the figures and
comparison with previous year can be found on page 5 of this press
release and on the Ageas website. Key figures and main highlights
on the segments can be found in the Annexes of this press
release.
Ageas CEO
Hans De Cuyper said: “The
excellent performance over the third quarter and year-to-date
demonstrates the strength of our Group. Even though the devastating
floods this summer in Belgium and the UK led to claims way in
excess of anything we experienced before from of a single natural
event, the strong results of all our businesses compensated for
this. This shows the resilience of our Group thanks to our
geographical spread and our diversified portfolio in Life, Non-Life
and Reinsurance. We thus remain confident that we will achieve our
profit guidance for 2021 of EUR 850 to 950 million. Furthermore, we
are fully on track to reach all the targets of our strategic plan
Connect21 and are ready to kick off Impact24, our new strategic
plan for 2022-2024.”
- Read the full press release
Ageas SA NV (EU:AGS)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Ageas SA NV (EU:AGS)
Historical Stock Chart
Von Apr 2023 bis Apr 2024
