AGEAS: ESG quantum leap to further support re-rating
AGEAS has only recently focused on ESG, leaving behind litigations. New incoming CEO Hans De Cuyper may prioritise ESG, enhancing a cultural transformational change within the group: this could result in a quantum leap in ratings that could bring shares to the attention of ESG funds that may have so far excluded it. Current ESG momentum is very strong and should accelerate in 2021. It is yet another positive development supporting our BUY rating. Increasing TP to € 51.0 ps.Ageas is an insurance company engaged in providing a range of life and non-life products distributed through a variety of channels. Co. focuses on helping its customers to mitigate risks related to property, casualty, life and pensions. Co. serves its customers through a combination of wholly owned subsidiaries, equity associates and partnerships, with financial institutions and distributors in Belgium, the U.K., Luxembourg, Italy, Portugal, Turkey, France, China, Malaysia, India, Thailand and Hong Kong. Co. is organized into five operating segments: Belgium, U.K., Continental Europe, Asia, and General Account.
We are a financial services provider for several types of professional clients, each with distinct needs.
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