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Ageas NV (AGES.BR)

AGES.BR on Brussels Stock Exchange

39.95EUR
10 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Ageas Sells Its 33% Share In Cardif Lux Vie To BNP Paribas Cardif
Wednesday, 31 Oct 2018 03:15am EDT 

Oct 31 (Reuters) - AGEAS NV ::REG-AGEAS SELLS ITS 33% SHARE IN CARDIF LUX VIE TO BNP PARIBAS CARDIF.TOTAL CASH CONSIDERATION OF EUR 152 MILLION.REPAYMENT TO AGEAS OF EUR 30 MILLION FOR SUBORDINATED LOANS..REG-AGEAS SELLS ITS 33% SHARE IN CARDIF LUX VIE TO BNP PARIBAS CARDIF.TRANSACTION IS EXPECTED TO CLOSE AT LATEST DURING Q1 OF 2019.EXPECTED TO GENERATE A CAPITAL GAIN OF EUR 39 MILLION.REACHED AN AGREEMENT WITH BNP PARIBAS CARDIF TO SELL ITS 33% SHARE IN SHARE CAPITAL OF CARDIF LUX VIE S.A. (CLV), FOR A TOTAL CASH CONSIDERATION OF EUR 152 MILLION.TRANSACTION WILL ALSO HAVE A POSITIVE IMPACT ON GROUP SOLVENCY II(AGEAS) RATIO OF APPROXIMATELY 7%, BASED ON POSITION AS AT END OF JUNE 2018..  Full Article

Ageas Announces New Share Buy-Back Programme
Wednesday, 8 Aug 2018 01:20am EDT 

Aug 8 (Reuters) - AGEAS NV ::AGEAS ANNOUNCES NEW SHARE BUY-BACK PROGRAMME.INITIATE A NEW SHARE BUY-BACK PROGRAMME OF ITS OUTSTANDING COMMON STOCK FOR AN AMOUNT OF EUR 200 MILLION.SHARE BUY-BACK PROGRAMME WILL START ON 13 AUGUST 2018 AND WILL RUN UP TO 2 AUGUST 2019.  Full Article

Fosun Considers Takeover Of $10 Bln-Insurer Ageas- Bloomberg
Tuesday, 24 Jul 2018 01:40pm EDT 

July 24 (Reuters) - :FOSUN CONSIDERS TAKEOVER OF $10 BILLION-INSURER AGEAS- BLOOMBERG, CITING SOURCES.  Full Article

Ageas: Put Option On 25% + 1 Share Of AG Insurance Not Exercised By BNP Paribas Fortis
Monday, 2 Jul 2018 02:15am EDT 

July 2 (Reuters) - Ageas SA ::PUT OPTION ON 25% + 1 SHARE OF AG INSURANCE NOT EXERCISED BY BNP PARIBAS FORTIS.  Full Article

Ageas Q1 Insurance Net Result Up At 299 Million Euros
Wednesday, 16 May 2018 01:30am EDT 

May 16 (Reuters) - AGEAS SA ::REG-AGEAS REPORTS Q1 2018 RESULT.Q1 INSURANCE NET RESULT UP 35% TO EUR 299 MILLION VERSUS EUR 222 MILLION.Q1 GROUP NET RESULT AT EUR 248 MILLION VERSUS EUR 110 MILLION YEAR AGO.Q1 GROUP INFLOWS (AT 100%) AT EUR 11.9 BILLION, OR -6%.Q1 EPS EUR 1.25 VERSUS EUR 0.54 YEAR AGO.Q1 TOTAL INCOME EUR 2.89 BILLION VERSUS EUR 3.13 BILLION YEAR AGO.Q1 NET RESULT EUR 305.5 MILLION VERSUS EUR 173.4 MILLION YEAR AGO.Q1 GROSS INFLOWS LIFE (CONSOLIDATED ENTITIES) EUR 1.35 BILLION VERSUS EUR 1.40 BILLION YEAR AGO.Q1 GROSS INFLOWS NON-LIFE (CONSOLIDATED ENTITIES) EUR 1.17 BILLION VERSUS EUR 1.23 BILLION YEAR AGO.  Full Article

Ageas Completes Sale Of Cargeas For Total Cash Consideration Of EUR 178 MLN​
Friday, 29 Dec 2017 02:28am EST 

Dec 29 (Reuters) - AGEAS SA ::‍AGEAS COMPLETES SALE OF ITS ITALIAN NON-LIFE INSURANCE BUSINESS CARGEAS​.COMPLETION OF TRANSACTION FOR TOTAL CASH CONSIDERATION OF EUR 178 MILLION.  Full Article

Ageas Q3 net profit insurance attributable to shareholders up at 240.9 million euros
Wednesday, 8 Nov 2017 01:39am EST 

Nov 8 (Reuters) - AGEAS SA :Q3 GROSS INFLOWS COMPANY PART EUR 3.00‍​ BILLION VERSUS EUR 3.05 BILLION YEAR AGO.Q3 LIFE OPERATING MARGIN GUARANTEED AT ‍​0.90 PERCENT VERSUS 0.77 PERCENT YEAR AGO.Q3 LIFE OPERATING MARGIN UNIT LINKED AT ‍​ 0.28 PERCENT VERSUS 0.08 PERCENT YEAR AGO.Q3 COMBINED RATIO AT 92.7‍​ PERCENT VERSUS 93.2 PERCENT YEAR AGO.Q3 NET PROFIT INSURANCE ATTRIBUTABLE TO SHAREHOLDERS EUR ‍​ 240.9 MILLION VERSUS EUR 193 MILLION IN REUTERS POLL.  Full Article

Ageas SA says no agreement reached on Fortis settlement
Monday, 16 Oct 2017 02:45pm EDT 

Oct 16 (Reuters) - Ageas SA - :‍Update on negotiations amended Fortis settlement​.‍No agreement has been reached yet and therefore an extension of filing period was requested to court​.‍To reach such an amended settlement, Ageas has decided to make a final additional effort of EUR 100 million​.  Full Article

Ageas says Amsterdam court of appeal issued an interim decision in relation to Fortis settlement
Friday, 16 Jun 2017 03:45pm EDT 

June 16 (Reuters) - Ageas Sa ::Ageas sa says Amsterdam court of appeal issued an interim decision in relation to request made by ageas to Fortis settlement.Ageas sa says at this stage court has not declared settlement binding.main court concern relates to distribution of settlement amount of eur 1.2 billion between non-active claimants & active claimants.  Full Article

Ageas Q4 insurance net result down of 87 pct to 18 million euros
Wednesday, 15 Feb 2017 02:32am EST 

Ageas SA : Q4 insurance net result down of 87 percent to 18 million euros ($19.03 million) versus 142 million euros . Insurance solvency II (Ageas) ratio above target at 182 percent . Q4 net result impacted by exceptional items in the UK and Asia . Proposed gross cash dividend of 2.10 euros, including 0.40 euros related to Hong Kong sale . Q4 life net profit attributable to shareholders 81.1 million euros versus 147.1 million euros year ago . 2016 result is driven by a resilient performance in Belgium and improved results in Asia and Continental Europe, affected however by disappointing results in the UK . Q4 gross inflows (at 100 percent) 6.96 billion euros versus 7.02 billion euros year ago . Q4 UK inflows were up 1 percent in local currency but suffered from worsening exchange rates . Q4 non-life net loss attributable to shareholders 63.2 million euros versus loss 5.0 million euros year ago .FY return on equity - insurance 12.0 percent versus 11.0 percent year ago.  Full Article

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Indian regulator asks Fortis Healthcare to recover $55 million from founders, eight firms

MUMBAI India's capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees ($55 million) from its founder brothers and firms related to them, pending an investigation into loans made by the company.