Ageas : Results higher, Solvency less by growth, TaiPing benefit from HTM to AFS
>Conclusion: Results higher, S2 less by growth, TaiPing benefit from HTM to AFS - The 2H23 IFRS17 net profit excl. capital gains were higher than expected in both life and non-life insurance. The Solvency was somewhat less by more than expected non life reinsurance growth. Further positive was that its China unit TaiPing Life was allowed to already to put bonds from HTM to AFS enhancing their core solvency ratio materially giving them more buffer for China low rates a...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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