Report
Cor Kluis

Ageas : Stable good solvency, operationally some critical illness pressure

>Conclusion: Stable good solvency, operationally some critical illness pressure - For 1H23 we expect Ageas to present a relatively stable solvency to ratio development, being 198% by end-1H23. We do not expect any SBB’s but do expect a somewhat more formal framework in the determination of the interim dividend. In 1H23 we expect operationally good results in Belgian insurance, but we also see higher claims in critical illness in Portugal and China post covid. In 1H23 ...
Underlying
Ageas SA/NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Cor Kluis

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