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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 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

Ageas announces exclusive negotiations to acquire AXA's insurance operations in Portugal
Friday, 7 Aug 2015 02:00am EDT 

Ageas SA:Announces exclusive negotiations to acquire AXA's insurance operations in Portugal.Confirms exclusive negotiations and intention to acquire AXA's share in its Portuguese insurance operations for a total consideration of 190.8 million euros.Transaction should be finalised in first half of 2016.  Full Article

Ageas initiates new share buy-back programme for EUR 250 million
Wednesday, 5 Aug 2015 01:20am EDT 

Ageas SA:Decided to initiate a new share buy-back programme of its outstanding common stock for an amount of 250 million euros.Share buy-back programme will start on Aug. 17, 2015 and will run up to Aug. 5, 2016.  Full Article

Ageas completes 250 million euro share buy-back
Monday, 3 Aug 2015 11:41am EDT 

Ageas SA:Announces completion of its 250 million euro share buy-back programme.  Full Article

Ageas proposes FY 2014 dividend
Thursday, 12 Feb 2015 01:31am EST 

Ageas SA:Proposes FY 2014 dividend of 1.55 euro per share.  Full Article

Fitch Affirms Ageas SA/NV's IDR at 'A'; Outlook Stable

(The following statement was released by the rating agency) LONDON, November 21 (Fitch) Fitch Ratings has affirmed Ageas SA/NV's Long Term Issuer Default Rating (IDR) at 'A'. The Outlook is Stable. Ageas SA/NV is the ultimate holding company of the Ageas group (Ageas). Fitch has also affirmed Ageas Insurance International NV's (an intermediate holding company) Long-Term IDR at 'A' and AG Insurance's and Ageas Insurance Limited's Insurer Financial Strength (IFS) ratings at 'A+'. The Outlooks