Report
Benoit Valleaux

Ageas : Une exposition directe au COVID-19 limitée, mais RN sensible à l’évolution des marchés financiers

>Une performance sous-jacente qui reste solide - Ageas a publié hier matin son RN du T1 2020. Le RN des seules activités d’assurance a été de 113 M€ (-56%), supérieur au consensus (90 M€), mais légèrement inférieur à notre attente (121 M€). Ce résultat a été impacté par des dépréciations actions en Belgique et en Asie, avec un montant de plus-values réalisées nettes de dépréciation de -36 M€ pour les activités d’assurance (vs +93 M€ au T1 2019). Le RN a également été ...
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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