Fitch affirms Ageas’s AA- Insurer Financial Strength Rating with a Stable Outlook
15 Juin 2022 - 08:15AM
Fitch affirms Ageas’s AA- Insurer Financial Strength Rating with a
Stable Outlook
Fitch affirms Ageas’s AA- Insurer Financial
Strength Rating with a Stable Outlook
Fitch Ratings has affirmed ageas SA/NV's Insurer
Financial Strength (IFS) Rating at 'AA-' (Very Strong). Fitch has
also affirmed AG Insurance's and Ageas Insurance Limited's IFS
Ratings at 'AA-'. All Rating Outlooks are Stable.
The ratings reflect Ageas’ very strong business
profile and capitalisation and its strong financial
performance.
Ageas is a listed international
insurance Group with a heritage spanning almost 200 years. It
offers Retail and Business customers Life and Non-Life insurance
products designed to suit their specific needs, today and
tomorrow.
As one of Europe’s larger insurance companies,
Ageas concentrates its activities in Europe and Asia, which
together make up the major part of the global insurance market. It
operates successful insurance businesses in Belgium, the UK,
France, Portugal, Turkey, China, Malaysia, India, Thailand,
Vietnam, Laos, Cambodia, Singapore, and the Philippines through a
combination of wholly owned subsidiaries and long term partnerships
with strong financial institutions and key distributors. Ageas
ranks among the market leaders in the countries in which it
operates.
It represents a staff force of over 45,000
people and reported annual inflows of over EUR 36billion in
2019(all figures at 100%).
- Pdf version of the press release
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