Ageas : Q2 a normal quarter but still the China/VIR strain, a € 130m SBB expected
>Conclusion: Normal quarter, almost back to normal in non life, S2 rising - For 2Q21 we expect a normal quarter. For non-life result we have € 75m net profit, with a combined ratio of 94.0% almost back to normal due to the removal of lockdown restrictions. For life insurance, we expect a net profit of € 177m including only € 12m capital gains and € -33m for the expected low rate VIR/China impact. In 2Q21, we expect Ageas’s Solvency 2 ratio to rise marginally to ...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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