Ageas : S2 in line, non-life result less & life better, OCG lower by reinsurance growth
>Conclusion: S2 in line, non-life result less and life better, OCG lower by growth - The Solvency end 4Q22 was in line with expectations, and this ratio has somewhat less leverage in it now. The 4Q22 net result excl. cap gains/impairments was well lower in non-life by all countries, and well higher in Asia life partly mostly by one-offs items in China. Ageas did not change its Asia net profit run rate guidance. The 4Q22 Operational Free Capital Generation was less tha...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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