Ageas' First-Quarter 2018: Better Results and Improving Outlook
Ageas reported earnings for first-quarter 2018 with a group net result of EUR 248 million, a little better than what we forecast for the full year. We maintain our EUR 42 fair value estimate and no-moat and stable moat trend ratings.At the holding level, inflows came in at just below EUR 12 billion, down around 2% at constant currency rates. Most of this decline came from life, at EUR 10 billion, with non-life reporting the residual just under EUR 2 billion. Non-life’s combined ratio came in at...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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