Ageas : Q1 earnings affected by market variations
>Expected contraction in earnings from insurance activities... - Ageas is due to report its Q1 2020 earnings on Wednesday 13 May before the start of trading. We forecast net profit of € 439m, up 75%, while the consensus estimate is for € 426m, up 69%. Nevertheless, we expect a sharp contraction in the net profit of the insurance activities alone to € 121m, down 53% (the consensus forecast is for € 90m, down 65%). This expected decrease in the insurance activities resu...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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