Ageas : Q1 result somewhat less, Solvency in line, and a positive event on 1 June
>Conclusion: 1Q21 underlying result somewhat less, TP up - The 1Q21 net profit excluding capital gains was somewhat less than expected. However, due to higher capital gains the reported profit was higher and the FY21 net profit could be increased somewhat. The Solvency ratios were in line with expectations and are healthy giving us confidence that the company can announce a new SBB of € 150m mid-2021. We are positive on the Strategy update 2024 on 1 June where we expe...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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