Ageas : Back to a normal profit level in Q4, Solvency and cash stable
>Conclusion: Back to a normal profit level in Q4, Solvency and cash stable - For 4Q21 we expect a non-life result of € 74m with a combined ratio of 94.7%, which is a return to the more normal pre-covid level, whereby in 4Q21 there is just small exceptional additional pressure by two floods in the UK and high inflation in Turkey. For life insurance, we expect a Q4 net profit of € 146m including € 89m capital gains mainly from Belgian real estate and Asia life and inclu...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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