Ageas reports good first quarter results 2021
12 Mai 2021 - 07:30AM
Ageas reports good first quarter results 2021
Ageas reports
good first
quarter results
2021
- Good start to the
year
- All segments
contributing to the strong net result
- Sound commercial
performance in both Life and Non-Life
|
Net Result |
- The Group net result
was EUR 296
million driven by a solid operating performance in
both Life and Non-Life
- Insurance net result
increased from EUR 113 million to EUR 318
million
- Net result in
Non-Life amounted to EUR
91 million compared to EUR 24
million in last years’ first quarter
- Life net result of
EUR 227 million
compared to EUR 89 million last year
|
Inflows |
- The Group
inflows (at 100%) were up 6% to EUR
12.6 billion
- Life inflows (at
100%) were up 4% to EUR 10.4
billion driven by Asia and Belgium
- Non-Life inflows (at
100%) were signicantly up to EUR
2.2 billion including EUR 355
million contribution of Taiping Re
|
OperatingPerformance |
- Excellent Combined ratio at
91.7%
- Operating Margin Guaranteed at
92 bps and Operating Margin
Unit-Linked at 34 bps. Both
margins within the target range
|
Balance Sheet |
- Shareholders’ equity at EUR
11.7 billion or EUR
62.71 per share
- Group Solvency IIageas ratio remained
strong at
195%
- General Account Total Liquid Assets as
at 31 March 2021 at EUR 1.2
billion
- Life Technical Liabilities excl.
shadow accounting of the consolidated entities up 1% compared to
end 2020 to
EUR 74
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: “Both
commercially and operationally, Ageas performed strongly in the
first quarter of 2021. The growth in inflows both in Life and
Non-Life and the overall solid operating performance reflects the
resilience of our business and our people in a world still affected
by Covid. The strong first-quarter performance gives us confidence
that we can strengthen our guidance to EUR 900 – 950 million.”
“We have also welcomed new colleagues from
AvivaSA in Turkey. The investment we made in AvivaSA, provides us
with a balanced Life and Non-Life presence in the fast-growing
Turkish market. And in the UK, we say goodbye but also thank you to
the employees of Tesco Underwriting, wishing them every success in
the future development of their business.”
- Read the full press release
Ageas SA NV (BIT:1AGS)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Ageas SA NV (BIT:1AGS)
Historical Stock Chart
Von Mär 2023 bis Mär 2024