Ageas : Solvency marginally better and non life COR marginally less
>Conclusion: Solvency marginally better and non life COR marginally less - The solvency was marginally better and the combined ratio was marginally less. There was no dividend upstreaming from China but the other units have compensated that in 1H23. The dividend was in line. The IFRS17 were solid but it does not included some items and we believe it will take time before the grip on this improves. Neutral.Solvency marginally better and dividend in line - §...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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