Ageas : A solid Q1 expected and a higher Solvency ratio by rising interest rates
>Conclusion: Solid quarter, good non life results, and a rising S2 ratio - For 1Q21 we expect a solid quarter. For non-life result we have € 97m net profit, with a combined ratio of 91.5%, as claims are still somewhat less than normal due to Covid-19. For life insurance, we expect a net profit of € 163m including € 51m capital gains and € -35m for the low rate VIR/China impact. In 1Q21, we expect Ageas’s Solvency 2 ratio to rise to 196% (end 2020: 193%) by rising inte...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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