Ageas : Marginal rise of solvency, operationally good
>Conclusion: Marginal rise of solvency, operationally good - For 2H23 we expect Ageas to present a marginal rise of the Solvency 2 ratio to 223% by end-2H23. In 2H23 we expect good operationally results in all the main countries it is active in. At their CMD in November they already guided that they expect the cash at holding to be about € 950m end 2023. We do not expect any SBB’s. They are likely to give an IFRS net profit guidance of about € 1.2-1.3bn for FY24, of c...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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