Ageas : Earnings in life less, non life better, solvency in line, FY guidance unchanged
>Conclusion: Q1 Earnings in life less, non life better, solvency in line - The solvency ratio was in line, the cash was somewhat better and a possible SBB decision will be taken in August. The Q1 the earnings excl. cap gains/impairments were somewhat less than expected by life insurance, partly offset by better than expected non life results by lower claims. There no were changes in FY earnings guidance. Ageas provided some new insights on the new China Solvency frame...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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