Ageas : Solvency in line, non-life result lower and Asia life result higher
>Conclusion: Solvency in line, non life result lower and Asia life result higher - The Solvency was in line. The earnings excl. cap gains/impairments was well lower in non life by adverse weather and India GW impairment, and well higher in Asia life partly by one offs. We keep our Neutral recommendation. Internal Solvency ratio in line - End 4Q22 the Group Solvency 2 Ageas ratio (internal cap mngt) was 218% vs our 214% (consensus 220%). The regulatory...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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