Ageas reports first quarter results 2022
11 Mai 2022 - 7:30AM
Ageas reports first quarter results 2022
Ageas reports
first quarter results 2022
- Good commercial start across the
business
- Solid operating performance
Key Figures |
Result |
- Group
net result excluding RPN(i) was
EUR 210
million
|
Inflowsat Ageas’s part |
- Group inflows were up
5% to EUR 5 billion with increases in both Life
and Non-Life and across all regions
- Life inflows
increased by 5% to EUR 3.5 billion driven by new
business in China and Unit-Linked in Belgium and Portugal
- Non-Life inflows were
up 5% to EUR 1.4 billion,
increasing across all regions
|
Operating Performance |
- Combined ratio stood
at 96.7%, including 8.5pp impact from adverse
weather events in Belgium and the UK
- Operating Margin
Guaranteed stood at 109 bps and
Operating Margin Unit-Linked amounted to
40 bps
|
Balance Sheet |
- Shareholders’ equity
amounted to EUR 11.1 billion or EUR 60.03 per
share
- Group Solvency
IIageas ratio
remained strong at
203%, well
within the Group’s risk appetite and Solvency target
- General Account Total Liquid
Assets as at 31 March 2022 stood at EUR 1.1
billion
- Life Technical
Liabilities excl. shadow accounting of the consolidated
entities were down 1% compared to end 2021 to
EUR 74.4 billion
|
A complete overview of the figures and comparison with previous
year can be found on page 5 of this press release and on the Ageas
website. Key figures and main highlights on the segments can be
found in the Annexes of this press release.
Impact24 -- Non-financial and
Sustainability Achievements |
|
- With Impact24 Ageas
puts Sustainability at the heart of everything it
does, and the Group continues to work hard on its societal
engagement. This quarter MSCI upgraded the Group’s rating
by one notch to “A” status.
- Ageas has
been recognised for “Best Sustainable Insurance Solutions (Europe)”
by FI.co, a print and online business and finance
publication, reflecting a number of different sustainability
initiatives at Ageas.
- Ageas aims to be a
Great place to Grow for its people and its current
Top Quartile score on Employee NPS (Net Promotor
Score) confirms a strong engagement from its employees, while
Ageas’s efforts to promote talent, equality and diversity are
resulting in good progress in gender diversity in leadership roles,
recognised by European Women on Boards.
|
Hans De Cuyper, CEO Ageas
said :“I am pleased
to see that we have made a good start to the year commercially in
both Life and Non-Life and across all regions. In
a difficult economic environment, including the on-going impact of
Covid in China and of course the conflict at the borders of Europe
touching us and the entire world deeply, Ageas is continuing to
deliver as a trusted insurer for so many. Even
against the background of volatile financial markets, inflation and
storms, the business continues to perform on track, giving us
confidence for the year ahead”
- Read the full press release
Ageas SA NV (EU:AGS)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Ageas SA NV (EU:AGS)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024