Ageas : Q2 earnings and solvency better, no SBB but start with interim dividend
>Conclusion: Earnings and solvency better, no SBB - The 2Q22 earnings were well higher than expected mostly by China/Asia and to a lesser extent by better non life results. The Solvency was better than expected. The company did not announce a new SBB which was expected, but started with an interim dividend and the FY22 dividend to be marginally higher than expected.Q2 earnings higher than expected - For 2Q22 the net insurance result was € 282m vs our ...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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