Ageas : Results well better by China life driven by delay sales campaign preparation
>Conclusion: earnings well better by China life - The net profit excl. cap gains/impairments in Q4 was better than expected mainly due to Asia Life China which benefitted from the delay of investments/costs of the sales campaign preparations and tax free income. The non life combined ratio was marginally higher. The Solvency was somewhat better. The market will see this as positive. Q4 results higher than expected by Life Asia - In 4Q21 the net insura...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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