Ageas : Underlying result close to expectations in Q1
>Life insurance net result driven by capital gains in Asia - Ageas reported its Q1 2019 results yesterday. The total group net result came in at € 251m (+1.4%), slightly below expectations (consensus of € 257m, our forecast of € 264m). Indeed, the general account net result was lower than expected at -€ 7m, owing notably to charges related to the settlement of the Fortis ligitation.Insurance operations alone posted a result of € 258m (-14.0%), ahead of expectatio...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.