Ageas : Results set to be affected by equity impairments in China in Q4 2018
>Set for a lower insurance net result but a higher group net result - Ageas is due to report full-year results on 20 February before the open. We forecast a net result of € 800m in 2018 (+28.4% vs 2017), or a net result of € 144m for Q4 18 (-45% vs Q4 2017). Our forecast is slightly lower than the consensus (€ 814m) due to a more cautious forecast than the consensus in life insurance in Asia where the group is expected to book equity impairments in China, given the eq...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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