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Ageas SA (AGES.BR)

AGES.BR on Brussels Stock Exchange

24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Ageas reports Q1 group net loss attrib. to shareholders of 633.3 million euros
Thursday, 19 May 2016 01:42am EDT 

Ageas SA NV : Q1 month life net profit attrib. to shareholders 143.1 million euros ($160.43 million) versus 147.5 million euros year ago . Q1 group net loss attrib. to shareholders 633.3 million euros versus profit 241.4 million euros year ago . Q1 group inflows (at 100 percent) 11.1 billion euros, up 11 percent . Q1 insurance net profit 201 million euros versus 198 million euros year ago .Q1 non-life & other insurance net profit attrib. to shareholders 57.5 million euros versus 50.2 million euros year ago.  Full Article

Ageas announces resignation of board director Davina Bruckner
Monday, 18 Apr 2016 08:00pm EDT 

Ageas SA:Announces resignation of board director Davina Bruckner.Resignation with effect from April 16, 2016 for personal reasons.  Full Article

Ageas reaches agreement aiming at settling all Fortis civil legacies
Monday, 14 Mar 2016 03:15am EDT 

Ageas SA:Ageas, Deminor, Stichting Fortiseffect, Sicaf and Veb Reach agreement aiming at settling all Fortis civil legacies.Parties will request Amsterdam Court of Appeal to declare settlement binding for all eligible Fortis shareholders.Ageas agreed to pay a global amount of 1,204 million euros to eligible shareholders covered by the settlement without admitting any wrongdoing.  Full Article

Towergate and Ageas announce £300m Arista capacity arrangement
Monday, 7 Mar 2016 07:00pm EST 

Ageas SA:Announced on Monday that Towergate, Arista and Ageas signed new strategic partnership which sees Ageas provide capacity for £60 million ($85.45 million) each year for next five years.Deal also sees Ageas providing capacity for Towergate's Holiday Homes portfolio.  Full Article

Ageas SA proposes FY 2015 dividend
Wednesday, 17 Feb 2016 02:11am EST 

Ageas SA:Proposes FY 2015 gross cash dividend of 1.65 euro, up 6.5 percent compared to last year.  Full Article

Ageas says court rejects liability claim filed by Patrinvest
Monday, 1 Feb 2016 09:32am EST 

Ageas SA:Says the court fully rejects liability claim filed by Patrinvest regarding Fortis' prospectus.‍Brussels Commercial Court ruled that Fortis' prospectus relating to its 2007 capital increase was correct and complete​.‍Decision of court is in line with position taken in 2014 by Dutch trade and industry appeals tribunal.  Full Article

Ageas presents its strategy for the next 3 years
Monday, 28 Sep 2015 11:40am EDT 

Ageas SA:Presents its 3 year strategy, Ambition 2018.Foresees 75 million euros ($84.26 million) per year being invested in innovation over next three years.Sees 2018 dividend pay-out ratio between 40 percent and 50 percent of insurance net profit.Sees 2018 return on equity in insurance between 11 percent and 13 percent (excluding unrealized gains and losses).Sees 2018 non-life combined ratio below 97 percent.Sees 2018 Solvency II insurance ratio of 175 percent.  Full Article

Ageas says Brussels appellate court reduces fine imposed by FSMA
Thursday, 24 Sep 2015 10:41am EDT 

Ageas SA:Says Brussels Court of Appeal reduces fine imposed by FSMA.Court fully annulled decision of FSMA sanctions commission, and consequently, ruled again and decided to impose a reduced fine of 250,000 euros on Ageas.The fines imposed by the June 2013 decision on the former Fortis executives were reduced for Mr Votron and Mr Mittler.In a separate decision of the Brussels' Court of Appeal, the fine of Mr Verwilst's was annulled.  Full Article

Ageas to sell its Life insurance business in Hong Kong to JD Capital
Sunday, 30 Aug 2015 05:00am EDT 

Ageas SA:Agrees to sell its Life insurance business in Hong Kong to JD Capital (Beijing Tongchuangjiuding Investment Management Co.) for a cash consideration of 10,688 million Hong Kong dollars (1,230 million euros).Transaction is expected to be completed within the first half of 2016.  Full Article

Ageas , Muang Thai Life Assurance and Military Bank form JV in Vietnam
Monday, 10 Aug 2015 02:00am EDT 

Ageas SA:Ageas, Muang Thai Life Assurance and Military Bank establish a life insurance joint venture in Vietnam.Ageas will have an equity shareholding of 29 pct in new company, Muang Thai Life Assurance 10 pct, and Military Bank 61 pct.Military Bank and MB Ageas Life will enter into a 15-year exclusive bancassurance agreement.Total capital investment for three partners will amount to around 46 million euros.  Full Article

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