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Ageas SA (AGES.BR)

AGES.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ageas Q1 net result turns to profit of 110 million euros
Wednesday, 10 May 2017 01:44am EDT 

May 10 (Reuters) - Ageas SA ::Q1 INSURANCE NET RESULT UP 11% TO EUR 222 MILLION VERSUS EUR 201 MILLION.Q1 LIFE NET RESULT ATTRIBUTABLE TO SHAREHOLDERS EUR 167.9 MILLION VERSUS EUR 143.1 MILLION YEAR AGO.Q1 GROUP INFLOWS (AT 100 PERCENT) EUR 12.7 BILLION VERSUS EUR 11.1 BILLION YEAR AGO.Q1 NON-LIFE NET RESULT ATTRIBUTABLE TO SHAREHOLDERS EUR 54.4 MILLION VERSUS EUR 57.5 MILLION YEAR AGO.Q1 RETURN ON EQUITY - INSURANCE 13.5 PERCENT VERSUS 11.0 PERCENT YEAR AGO.Q1 TOTAL INSURANCE SOLVENCY II AGEAS RATIO 177.1 PERCENT VERSUS 181.7 PERCENT YEAR AGO.Q1 COMBINED RATIO AT 98.3 PERCENT VERSUS 97.8 PERCENT YEAR AGO.Q1 GROUP NET RESULT AT EUR 110 MILLION VERSUS EUR 633 MILLION NEGATIVE.  Full Article

Bohai Capital Holding completes full acquisition of C2 Aviation Capital via unit
Tuesday, 4 Apr 2017 10:31pm EDT 

Bohai Capital Holding Co Ltd <000415.SZ> :Says 100 percent stake in commercial jets leasing assets C2 Aviation Capital LLC has been transferred to co's unit Park Aerospace Holdings Ltd, on April 4 (NewYork time).  Full Article

Ageas announces additional 100 mln euro negative impact on FY net result after Ogden rate decision
Monday, 27 Feb 2017 11:40am EST 

Ageas SA : Ageas announces post-closing adjustment following final decision on the Ogden rate . 2016 results which will have an additional 100 million euro ($106.2 million) negative impact on its net result . Decision will not impact proposed gross dividend of 2.10 euros per share .UK lord chancellor has announced outcome of review of ogden rate and has lowered this rate from 2.5 pct to minus 0.75 pct.  Full Article

Bohai capital Holding issues 1.5 bln yuan commercial paper
Monday, 27 Feb 2017 04:47am EST 

Bohai Capital Holding Co., Ltd.<000415.SZ>: Says it completed issuance of 1.5 billion yuan worth commercial paper, with a term of 270 days .Says the interest rate at 4.8 percent.  Full Article

Ageas says AG Real Estate acquires company holding lease rights to IT Tower
Wednesday, 22 Feb 2017 07:03am EST 

Ageas Sa :Ag real estate acquires the company holding the long-term lease rights to the IT Tower in Brussels.  Full Article

Ageas announces additional support for Fortis settlement from Archand
Tuesday, 21 Feb 2017 12:12pm EST 

Ageas SA :Reached an agreement with the Luxembourg company Archand s.à.r.l. and affiliated persons ("Archand") to support the Fortis settlement.  Full Article

Ageas says exceptional items in UK and Asia impact Q4 result
Tuesday, 7 Feb 2017 01:30am EST 

Ageas SA : Exceptional items in UK and in Asia impact Q4 2016 result . Announced that its Q4 2016 result will be negatively impacted by exceptional items totalling 137 million euros ($146.56 million) . In UK, restructuring cost for announced closure of Glasgow office is 27 million euros . In Asia, equity impairments amounted to 30 million euros .Proposed dividend of 2.10 euro per share.  Full Article

Ageas reports 9M group net result at 118 million euros
Wednesday, 16 Nov 2016 01:30am EST 

Ageas Sa : 9M insurance net profit up 31 pct to 803 million euros versus 613 million euros . Reuters Poll Q3: net insurance profit 185 million euros, net profit 166 million euros . 9M general account net result of 686 million euros negative versus 14 million euros negative . 9M insurance Solvency II Ageas ratio 181 pct and group Solvency II Ageas ratio 199 pct . 9M group net result 118 million euros versus 599 million euros . 9M life inflows up 11 pct to 19.9 billion euros and non-life stable at 4.8 billion euros (both at 100pct) . Total liquid assets in the general account increased from 1.6 billion euros at the end of 2015 to 2.0 billion euros at end Q3 . Belgium combined ratio stood at 97.1 pct. Barring the Brussels terrorism events, the combined ratio would have been a very solid 94.3 pct . On Fortis settlement: "On 24 March 2017, a public hearing will take place after which the Court of Amsterdam will take a decision on the binding declaration of the settlement" .UK year-on-year net profit down 17 percent as a result of adverse weather in June, and the significantly lower exchange rate..  Full Article

Ageas says next step in Fortis settlement procedure is a public hearing
Tuesday, 27 Sep 2016 01:30am EDT 

Ageas SA : Ageas announces next step in Fortis settlement procedure: public hearing .On 24 March 2017, Amsterdam court of appeal will organise a public hearing as part of procedure to declare Fortis settlement agreement of 14 March 2016 binding.  Full Article

Ageas Q2 life insurance profits grow
Wednesday, 10 Aug 2016 01:42am EDT 

Ageas SA : Q2 life net profit attributable to shareholders is 361.0 million euros ($402.62 million) versus euros 234.5 million euros year ago . Q2 non-life insurance net profit attributable to shareholders is 46.0 million euros versus 71.5 million euros a year ago . Q2 group inflows (at 100 percent) total 7.23 billion euros versus 6.62 billion euros a year ago . H1 group inflows (at 100 pct) at 18.3 billion euros, up 10 pct (including 4 pct negative foreign exchange impact) . H1 insurance solvency II ageas ratio at 183 pct and group solvency II at 209 pct . Q2 insurance net profit attributable to shareholders is 407 million euros versus 392 million euros in Reuters poll . Q2 group net profit attributable to shareholders is 566 million euros versus 585 million euros in Reuters poll . H1 group net result at 67 million euros negative versus 469 million euros .H1 shareholders' equity at 10.3 billion euros or 49.59 euros per share.  Full Article

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BRIEF-Ageas Q1 net result turns to profit of 110 million euros

* Q1 INSURANCE NET RESULT UP 11% TO EUR 222 MILLION VERSUS EUR 201 MILLION