Ageas : Earnings and solvency in line
>Conclusion: Earnings and solvency in line - The Q3 earnings were in line with expectations. Also the Solvency and cash at holding were in line. For Q4 the headwinds from the weak China stock markets remain valid. We keep our Neutral recommendation.Q3 bottom line earnings in line with expectations - Ageas presented its 3Q22 results. There was no consensus as Ageas sent out a press release after the previews were out with € -175m negative Q3 impact fro...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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