Report
Benoit Valleaux

Ageas : Un RN tiré par des éléments exceptionnels mais avec également une bonne rentabilité sous-jacente

>Forte croissance du RN du fait d’éléments non récurrents - Ageas a publié hier matin son RN du T2 2019. Le RN du groupe a été de 355 M€ sur le trimestre, en hausse de 83%, nettement supérieur aux attentes (consensus de 289 M€, notre prévision de 266 M€). L’écart par rapport aux attentes provient essentiellement d’un résultat nettement plus élevé que prévu en Asie à 185 M€ (x3) vs consensus de 107 M€. Ce résultat très élevé en Asie (et en particulier en Chine) compren...
Underlying
Ageas SA/NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

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