Ageas : A good performance in P&C insurance
>Net results impacted by equity impairments in Asia - Ageas yesterday morning reported its 2018 results, with a net result for insurance of € 797m (-17.0%), very slightly short of the consensus (€ 802m) and just ahead of our own estimate (€ 778m). The contribution from Asia was lower than expected by the consensus, due to equity impairments (total capital losses with impairments of € 153m in life insurance in Asia), mainly in China, given the decline in equity market...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.
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