Ageas : Sharp increase expected in net income in life insurance, mainly thanks to one-off items
>Expected increase in net income in life insurance vs a low comparison base - Ageas is due to report its Q3 2019 net income on Wednesday 6 November before market. We forecast net income of € 272m in Q3 2019 (+26.9%), slightly higher than the consensus (€ 259m estimated), buoyed by a strong increase in income from the insurance businesses (+33.1%) driven by life insurance. We are expecting a very sharp increase in net income for life insurance (+88% estimated), attribu...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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