Ageas : Good solvency, no SBB’s, IFRS17 72% life insurance and high part from CSM
>Conclusion: Good Solvency, no SBB, IFRS17 72% life and high part from CSM - In this note we updated all our figures for IFRS17, and under this new accounting standard we expect a net operating result of € 1.29bn in FY25. Of that 72% is from life insurance, and these earnings are high CSM release dependent. The Solvency continues to be good and are to increase further in 2H23 by the divestment. We do not expect SBB’s, but do expect a +10% dividend per share growth to ...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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