Report
Cor Kluis

Ageas : Better solvency and result, earnings guidance unchanged, open for M&A

>Conclusion: Better solvency and result, earnings guidance unchanged - End 2Q22 the Solvency was better than expected supported by the risen interest rates, as such Ageas has more excess capital. They did not announce a new SBB, but started with interim dividend and increased bottom end of div guidance 2022-2024. Ageas is still looking for M&A opportunities, which is possible given its good capital position. The 2Q22 earnings were well higher than expected mostly by t...
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
Cor Kluis

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